Saturday, June 10, 2006

Air Deccan postpones public issue listing

Mumbai: Low-budget carrier Deccan aviation has postponed tomorrow’s listing of its much-discussed IPO and is likely to get listed on June 12.
"We have postponed the listing...It is likely to happen by beginning of next week," company sources said here.
The IPO fell into controversy from its first day of opening as it saw markets crashing by over 800 points on May 18. The issue consisting of 2.45 crore equity shares was to be closed on may 23, but due to poor market response it was extended till may 26. Also, the price band was lowered from Rs 150-175 per share to Rs 146-175. On May 26, the issue was finally oversubscribed 1.23 times with qualified institutional buyers portion being subscribed 1.08 times.
09/06/06 Zee News
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