Saturday, May 27, 2006

Air Deccan IPO ends on a feeble note

Even after extending the deadline by three days and paring the price, the initial public offering (IPO) of Deccan Aviation closed on 26th May with marginally better subscription than what it had received on the original closing day that is, 23rd May, 2006, reports Business Standard.
The issue was subscribed 1.23 times at close on 26th May compared with 1.06 times on 23rd May. The issue managed bids for 30.2 million shares.
Total bids received at cut-off price were Rs 11.5 million. The issue has put 24.5 million shares up for sale.
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