The Deccan Aviation IPO has been launched with the purpose of raising funds for the expansion projects pertaining to the fleet of the Air Deccan. The airline service wants to introduce more aircrafts to increase the seating capacity.
Deccan Aviation IPO - At a Glance
The Deccan Aviation IPO was worth Rs. 2.45 crore equity shares. The price band of the shares were fixed at Rs 150 to Rs 175. The primary purpose of the Deccan Aviation IPO was to raise Rs 380 crores with the lower end shares and Rs 444 crores with the higher price band. The IPO would include 25% of the post issue paid-up capital of the company.
Air Deccan - Overview
The Deccan Aviation operates Air Deccan, which is the first domestic Low Cost Carrier (LCC) Airline Service in India. Air Deccan experienced a rapid growth over a very short span of time and made a noteworthy impact on the domestic airline industry. Air Deccan acquired 14% market share within the year 2006. The basic model which the Air Deccan follows is to have flights going straight from one destination to another, low fare rates and various add-on services. The aircrafts mainly used are Airbus A320 jet and ATR turboprops. The airline service is trying to maximize the seat capacity of the aircrafts by introducing new airplanes to the fleet. Apart from these, Deccan Aviation also provides the facility of private helicopter and airplane chartering services.
Deccan Aviation IPO - Advantages
- Deccan Aviation has been the pioneer in introducing low cost domestic air travel in India through the Air Deccan Airlines Service.
- The company is well positioned in the market as it enjoys the advantage of being the first in the business.
- The Air Deccan Airlines Service holds nearly 14 % of the domestic airlines market in 2006.
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