IndiGo IPO News

IndiGo's parent InterGlobe Aviation, which debuted on the capital market earlier this month, has put in place a code to ensure fair disclosure of unpublished price sensitive information.

 Shares of IndiGo's parent InterGlobe Aviation today debuted at Rs 856, a premium of nearly 12 per cent over the issue price of Rs 765 per share.

The Rs 3,018-crore public offer of IndiGo's parent InterGlobe Aviation, the biggest IPO in nearly three years, elicited robust response as the issue got over- subscribed 6.15 times on the last day of bidding Thursday.

This is the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000-crore public offer in December, 2012.

The IPO generated demand worth over Rs 4,000 crore, as it received bids for 4,67,45,535 shares against total issue size of 3,01,22,088 shares, taking the overall subscription to 1.55 times, data available with the NSE till 1700 hrs showed.

The IPO received bids for 3,20,48,760 shares against the total issue size of 3,01,22,088 shares, data available with the NSE till 1300 hrs showed.

IndiGo's IPO, valuing its parent company at over USD 4 billion, is a significant milestone for the domestic aviation sector that has been grappling with adverse conditions over the last many years, says a report.

The Rs 3,018-crore initial public offer of IndiGo's parent InterGlobe Aviation, the biggest in nearly three years, started on a promising note as the issue was subscribed 87 percent on the first day itself.

Ahead of its much-awaited IPO Tuesday, IndiGo's parent InterGlobe Aviation has raised Rs 832 crore from anchor investors by allotting shares at the upper price band of Rs 765 apiece.

No-frills airline IndiGo will induct 10 fuel-efficient A-320 Neos this fiscal to its aircraft fleet and expects the company's low-cost structure to deliver improved profitability in the coming years.

Profitable no-frills airline IndiGo Wednesday said it does not chase market share or load factor as priorities even as it continues to corner more than one-third of the total domestic air passenger traffic.

Ahead of the Rs 3,000-crore IPO, IndiGo's parent InterGlobe Aviation Wednesday said twenty days of profit could cover its negative net worth of Rs 139 crore at the end of the June quarter.

Low-cost carrier IndiGo's operator InterGlobe Aviation Monday night lowered its IPO size by over Rs 200 crore to nearly Rs 3,000 crore with one promoter deciding to sell less number of shares in the public offer.

Set to hit the capital markets with Rs 3,268 crore IPO next week, InterGlobe Aviation today said it will retire nearly one-third of its total debt of Rs 3,912 crore from the share-sale proceeds.

No-frills carrier IndiGo's parent InterGlobe Aviation, which is gearing up for Rs 3,200-crore initial share sale, may be profitable, but its net worth has come down significantly in three months ended this June.

 The parent of IndiGo airline InterGlobe Aviation is ready for its IPO for October 27, and has fixed the price band for its initial share sale at Rs 700-765. The company expects to mop up around Rs 3,268 crore.  

The initial share sale is likely to start on October 26 and end on October 28, sources said.

Under the offer, the company plans to issue fresh shares worth Rs 1,272 crore. An equivalent amount can be raised through sale of up to 3.01 crore shares by its existing shareholders.

Capital market regulator SEBI has sought fresh clarifications from InterGlobe Aviation, which runs budget carrier IndiGo, on its proposed Rs 2,500-crore initial public offer (IPO).

The owner of India`s biggest airline, budget carrier IndiGo, is seeking to raise more than USD 400 million in an initial public offering to fund expansion into one of the world`s fastest growing and most competitive domestic air travel markets.