Air Deccan IPO flounders

The Deccan Aviation IPO has seen little or no response from investors till 1200 hrs.

As against the offer of 2.45 crore (24.5 million) shares in the price band of 150-175 per share, there has been demand for only 20,930

shares.

The maximum bid of 16,800 shares has been made at the cut-off price, according to data on the website of the National Stock Exchange.