New Delhi: Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer (IPO) plans to raise an estimated Rs 2,500 crore from the public investors.
InterGlobe Aviation Limited, which runs the country's biggest airline by market share under 'IndiGo' brand, has offered to issue fresh shares worth Rs 1,272 crore, an equivalent amount can be raised through sale of up to 3.01 crore shares by its existing shareholders.
The company said it has filed a Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (Sebi) for its proposed IPO, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations.
"The issue will consist of a fresh issue aggregating up to Rs 12,722 million and an offer for sale of up to 30,146,000 equity shares by certain selling shareholders of the company.
"The equity shares offered through the issue are proposed to be listed on the BSE and the National Stock Exchange," it added.
30/06/15 PTI/Daily News & Analysis
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InterGlobe Aviation Limited, which runs the country's biggest airline by market share under 'IndiGo' brand, has offered to issue fresh shares worth Rs 1,272 crore, an equivalent amount can be raised through sale of up to 3.01 crore shares by its existing shareholders.
The company said it has filed a Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (Sebi) for its proposed IPO, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations.
"The issue will consist of a fresh issue aggregating up to Rs 12,722 million and an offer for sale of up to 30,146,000 equity shares by certain selling shareholders of the company.
"The equity shares offered through the issue are proposed to be listed on the BSE and the National Stock Exchange," it added.
30/06/15 PTI/Daily News & Analysis
