Deccan Aviation IPO to list on June 12

Deccan Aviation inital public offer, IPO, will list on the stock exchanges on June 12, 2006.
Its BSE ID is 532747 and the NSE ID is AIRDECCAN. Its issue price had been fixed at Rs 148 per share. The issue had been subscribed 1.23 times.
Deccan Aviation IPO was the first Indian IPO to ever get extended. The issue opened on the doomed day of May 18, when the Sensex crashed over 800 points. It was meant to close on May 23, but the date was extended till May 26. The price band was also changed marginally, from Rs 150-175 per share to Rs 146-175 per share.
Deccan Aviation's IPO consists of 2.45 crore equity shares.
The company proposed to utiltise the funds in setting up a training centre at Bangalore, setting up a hangar facility for base and medium-level maintenance checks at Chennai; and setting up infrastrucuture at airports.
11/06/06 Moneycontrol.com

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