The aviation company has listed at Rs.865 per share vs issue price of Rs. 765 per share.
InterGlobe Aviation has rallied 14% to Rs.893 on NSE. The aviation company had listed at Rs.865 per share vs issue price of Rs. 765 per share. The InterGlobe IPO, received bids for over 6.14 times the shares on sale.
InterGlobe Aviation Ltd raised Rs. 3,010 crore ($458.91 million) in an initial public offering after setting the pricing at Rs 765 per share, according to reports.
A host of prominent investors including Rakesh Jhunjhunwala have invested in the IPO.
InterGlobe's IPO is among India's biggest since the listing of around $750 mn by Bharti Infratel Ltd in December 2012.
No comments:
Post a Comment