Air Deccan IPO gets lukewarm response

The Deccan Aviation IPO has received little or no response from investors till 1700 hrs.

As against the offer of 2.45 crore shares in the price band of 150-175 per share, there has been demand only for 3,55,250 shares. The maximum bid of 3,09,330 shares have been made at the cut-off price, according to data on the website of the National Stock Exchange.