Up, Up and Away! Indigo IPO takes off in style, oversubscribed 0.3x

Indigo Airlines, which launched one of the biggest IPOs in the industry since 2012, has been oversubscribed 0.3 times at 13.00 hrs. The QIB portion was subscribed by 1.20 times, while retail was subscribed by 0.01 times.

Indigo Airlines, which launched one of the biggest IPOs in the industry since 2012, has been oversubscribed 0.3 times at 13.00 hrs. The airlines, which has the unique distinction of being the only profitable company in its sector, has QIB portion being oversubscribed within 30 minutes.

The QIB portion was subscribed by 1.20 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 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.)