BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: InterGlobe Aviation IPO flies high, over-subscribed 6.15 times
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Finance > InterGlobe Aviation IPO flies high, over-subscribed 6.15 times
Finance

InterGlobe Aviation IPO flies high, over-subscribed 6.15 times

deep
Last updated: 2015/12/16 at 5:43 AM
deep Published December 16, 2015
Share
2 Min Read
SHARE

InterGlobe Aviation IPO flies high, over-subscribed 6.15 times

Mumbai: 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.

The IPO generated demand worth over Rs 18,000 crore, as it received bids for 18,53,10,405 shares against the total issue size of 3,01,22,088 shares, according to data available with the NSE till 2030 hours.

The quota reserved for qualified institutional buyers (QIBs) saw tremendous response with over-subscription of 17.80 times. Non-institutional investors category was over- subscribed 3.57 times.

In contrast, the portion set aside for retail investors witnessed 92 percent subscription, while the employees category was subscribed 13 percent.

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

Ace investor Rakesh Jhunjhunwala and foreign entities, including Acacia Partners LP, which is said to be associated with legendary investor Warren Buffett, are among those who have purchased shares of the airline.

InterGlobe Aviation has raised Rs 832 crore from anchor investors by allotting shares at the upper limit of price band at Rs 765 apiece.

The offer invites subscription in the price band of Rs 700-765 per share.

The company had reduced its initial share sale size to a little over Rs 3,018 crore last week, with three of the promoters deciding to sell less number of shares than proposed earlier.

The offer comprises fresh issue of shares worth Rs 1,272.2 crore and the revised Offer for Sale (OFS) size that would be about Rs 1,746 crore. The IPO closed today.

Barclays Bank PLC, Kotak Mahindra Capital Company Limited and UBS Securities India are managing the issue.

IndiGo has a fleet of 98 aircraft and about 75 of them are on operating on lease – a business model which has helped it lower costs
[“source -Zeenews”]

You Might Also Like

The Basics of Conventional Loan Down Payment Requirements: What You Need to Know

The Ins and Outs of Conventional Home Loan Down Payments: What You Need to Know

loan ranger ph review

home loan means death pledge in french

coffee break loans reviews

TAGGED: InterGlobe Aviation IPO flies high, over-subscribed 6.15 times
deep December 16, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article NSE, BSE to conduct 60-minute ‘Muhurat Trading’ on Diwali
Next Article RBI allows NRIs to subscribe to National Pension System

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • GoDaddy Launches SmartLine, Gives Your Small Business Its Own Phone Number
  • Is Author Marketing Club Worth It? Definitely

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • GoDaddy Launches SmartLine, Gives Your Small Business Its Own Phone Number
  • Is Author Marketing Club Worth It? Definitely

Recent Posts

  • Quotes About Betrayal on Life
  • How Can A Sign Advertising Boost Your Brand’s Visibility

© 2023 BusinessLogr News Network.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?