Indigo IPO QIB portion oversubscribed

The QIB portion was subscribed by 1.14 times, while retail was subscribed by 0.01 times.

Indigo Airlines IPO QIB portion was oversubscribed within 30 minutes.,

The QIB portion was subscribed by 1.14 times, while retail was subscribed by 0.01 times.

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 Company proposes to open on Tuesday, 27th October, 2015, a public issue of equity shares of face value Rs. 10 each (“Equity Shares”) for cash including a share premium consisting of a Fresh Issue aggregating up to Rs. 12,722 million (“Fresh Issue”) and offer for sale of up to 22,824,018 Equity Shares comprising of 3,290,419 Equity Shares by InterGlobe Enterprises Limited; 3,006,000 Equity Shares by Mr. Rahul Bhatia; 2,741,287 Equity Shares by Mr. Rakesh Gangwal; 601,200 Equity Shares by Mr. Anil Chanana; 149,900 Equity Shares by Dr. Asha Mukherjee, 300,600 Equity Shares by Mr. Kunal Chanana, 6,012,000 Equity Shares by Mr. Newton Bruce Ashby; 100,200 Equity Shares by Mr. Sanjay Kumar; 84,000 Equity Shares by Mr. Shakti Swarup Lumba; 1,169,142 Equity Shares by Ms. Shobha Gangwal; 1,442,000 Equity Shares by Mr. Steven Eugene Harfst; 1,503,000 Equity Shares by Paul Carl Schorr, Iv (Nominee of G5 Investments) and 2,424,270 Equity Shares by The Chinkerpoo Family Trust (Trustee: Ms. Shobha Gangwal & J. P. Morgan Trust Company of Delaware) (collectively referred to as the “Selling Shareholders”) (“Offer for Sale”). The Fresh Issue and the Offer for Sale are together referred to as the “Issue”.

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.)