Bookbuilding IPO | ₹363 Cr | Listing at BSE, NSE | Thu, May 18, 2006 - Fri, May 26, 2006 P
Deccan Aviation IPO is a book build issue of ₹363.28 crores. The issue is entirely a fresh issue of 2.45 crore shares of ₹363.28 crore.
Deccan Aviation IPO bidding started from May 18, 2006 and ended on May 26, 2006.
Deccan Aviation IPO is set final issue price at ₹148 per share.
Enam Financial Consultants Pvt Ltd is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Deccan Aviation IPO RHP for detailed Information.
IPO Open
Thu, May 18, 2006
IPO Close
Fri, May 26, 2006
Issue Price
₹148 per share
Market Cap (Pre-IPO)
₹1,453.09 Cr
| IPO Date | 18 to 26 May, 2006 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹148 to ₹175 |
| Issue Price | ₹148 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,45,46,000 shares (agg. up to ₹363 Cr) |
| Fresh Issue | 2,45,46,000 shares (agg. up to ₹363 Cr) |
| Share Holding Pre Issue | 7,36,36,007 shares |
| Share Holding Post Issue | 9,81,82,007 shares |
Deccan Aviation IPO comprises a total issue size of 2,45,46,000 shares. Out of which, 1,22,73,000 (50.00%) are allocated to QIB, 36,81,900 (15.00%) allocated to NII 85,91,100 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 1,22,73,000 | 50.00% |
| NII (HNI) Shares Offered | 36,81,900 | 15.00% |
| Retail Shares Offered | 85,91,100 | 35.00% |
| Total Shares Offered | 2,45,46,000 | 100.00% |
Deccan Aviation Limited is an Indian aviation company. It is one of the India’s private aviation sector and played a key role in developing low-cost air travel in the country.
The company initially focused on helicopter services, offering charter operations for corporate travel, tourism, medical emergencies, and government use. It later gained prominence through its association with the low-cost airline Air Deccan.
Air Deccan began scheduled operations in August, 2003, with a single ATR turboprop aircraft flying a single route between Bangalore and Hubli.
Business model:
Competitive Strengths:
| Period Ended | 30 Nov 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 190.57 | 177.68 | 48.24 | 13.46 |
| Total Income | 518.29 | 320.28 | 67.36 | 23.49 |
| Profit After Tax | -123.86 | -19.53 | 0.56 | 0.62 |
| NET Worth | -114.15 | -12.37 | 14.12 | 5.26 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up a training centre | 65.67 |
| 2 | Setting up a hangar facility for basic and medium-level maintenance checks at Chennai | 40.02 |
| 3 | Setting up infrastructure at airports | 17.08 |
| 4 | Market development initiatives | 45.22 |
| 5 | Debt repayment | 132.75 |
| 6 | General corporate purposes | 41.95 |
| Total | 342.70 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -2.65 | -ve |
| P/E (x) | -55.8 | -ve |
| Promoter Holding | 100% | 75% |
| Market Cap | ₹1,453.09 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 7.27 |
| 2 | Advertising and Marketing expenses | 4.00 |
| 3 | Printing and stationery | 4.25 |
| 4 | Others (monitoring agency fees, registrar’s fee, legal fee, etc.) | 5.07 |
| Total | 20.59 |
Lead Manager Reports
Deccan Aviation IPO is a main-board IPO of 2,45,46,000 equity shares of the face value of ₹10 aggregating up to ₹363 Crores. The issue is priced at ₹148 per share. The minimum order quantity is .
The IPO opens on Thu, May 18, 2006, and closes on Fri, May 26, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Deccan Aviation IPO using UPI as a payment gateway. Zerodha customers can apply in Deccan Aviation IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Deccan Aviation IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Deccan Aviation IPO opens on Thu, May 18, 2006 and closes on Fri, May 26, 2006.
Deccan Aviation IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Deccan Aviation IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Deccan Aviation IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Deccan Aviation IPO allotment status.
The Deccan Aviation IPO listing date is not yet announced. The tentative date of listing is .
