RED HERRING PROSPECTUS Please read Section 60B of the Companies Act, 1956 Dated April 28, 2006 100% Book Building Issue Deccan Aviation Limited (Our Company was incorporated as Deccan Aviation Private Limited on June 15, 1995 and was converted to a public limited company by a resolution of the members passed at the extra ordinary general meeting held on January 31, 2005. The fresh certificate of incorporation consequent on change of name was granted to our Company on March 14, 2005, by the Registrar of Companies, Karnataka) Registered Office: 35/2, Cunningham Road, Bangalore 560 052, Karnataka, India For changes in the registered office, please see the section entitled “History and Corporate Structure” on page 20 Tel: + 91 80 4114 8190-99; Fax: + 91 80 4114 8849; Website: www.airdeccan.net Corporate Office: 35/2, Cunningham Road, Bangalore 560 052, Karnataka, India. Contact Person/Compliance Officer: Radhika Venkatesh Tel: + 91 80 4114 8190-99 Fax: + 91 80 4114 8849 Email:
[email protected] PUBLIC ISSUE OF 24,546,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. [●] PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. [●] PER EQUITY SHARE AGGREGATING RS. [●] MILLION (THE “ISSUE”). THE ISSUE WOULD CONSTITUTE 25% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY. PRICE BAND: RS. 150 TO RS. 175 PER EQUITY SHARE OF FACE VALUE RS. 10. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 AND THE FLOOR PRICE IS 15.0 TIMES OF THE FACE VALUE AND THE CAP PRICE IS 17.5 TIMES OF THE FACE VALUE In case of revision in the Price Band, the Bidding Period will be extended for three additional days after revision of the Price Band subject to the Bidding Period/Issue Period not exceeding 10 working days.