Boarding! Indigo IPO fully subscribed

InterGlobe had received orders for 32.5mn shares as of noon today exchange data showed.

Indigo Airlines IPO has been fully subscribed on the second day. 

InterGlobe had received orders for 32.5mn  shares as of  noon today exchange data showed. 

The  QIB portion was subscribed by 2.96 times on the second day.

InterGlobe Aviation Limited has finalized the allocation of 1,08,76,215 Equity Shares at Rs. 765 (upper end of the Price Band) per Equity Share aggregating to Rs. 832.03 crore to Anchor Investors.

The Price Band is fixed from Rs. 700 to Rs. 765 per Equity Share.  The minimum Bid Lot is for 15 Equity Shares and in multiples of 15 Equity Shares thereafter. The Bid/ Issue will close on 29th October, 2015 for Qualified Institutional Buyers (“QIBs”)* and on 29th October 2015 for non QIBs. (*The Company and the Selling Shareholders may, in consultation with the GCBRLMs and the BRLMs, decide to close the Bid/Issue Period for QIBs one Working Day prior to the Bid/Issue Closing Date.)