Saturday, October 17, 2015

IndiGo IPO Opens on Oct 27

Interglobe Aviation Ltd is entering in the capital markets with an initial public offering, IPO of *** Equity Shares of Rs 10 each aggregating upto Rs 1272.2 Cr. The price band for the issue has been fixed at Rs 700 at lower level and Rs 765 at upper level.

The public Issue of Interglobe Aviation Ltd also include offer for sale of upto 30,146,000 Equity shares by the promoters of the company.

Incorporated in 2006, Interglobe Aviation Ltd is India based aviation, hospitality and travel related service provider. Company own and operate 'IndiGo', India's largest airline with over 33% of domestic passenger market share.

The issue opens on Oct 27, 2015 and closes for subscription on Oct 29, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).