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Sunday, May 07, 2006

Air Deccan IPO opens on May 18, price band at Rs 150-175

Air Deccan is entering the capital market on May 18, 2006. It has fixed a price band of Rs 150-175 per share for its initial public offering, IPO.

Its issue size is between Rs 368-430 crore (Rs 3.68-4.30 billion).

R Gopinath, Managing Director of Air Deccan said that the company has kept the price band low keeping in mind the interest of short term investors as well as long term players.

Deccan Aviation incurred a net loss of Rs 19.5 crore (Rs 195 million) for the year-ended March 2005, on a net income of Rs 305.5 crore (Rs 3.05 billion). The loss for six months ended September 2005, was Rs 72.5 crore (Rs 725 million), on a net income of Rs 328.86 crore (Rs 3.28 billion).


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