IndiGo-parent InterGlobe Aviation’s Rs 3,018-crore initial public offer, the biggest in nearly three years, was over-subscribed by 1.55 times on the second day of bidding today.
The IPO generated demand worth over Rs 4,000 crore, as it received bids for 4,67,45,535 shares against total issue size of 3,01,22,088 shares, taking the overall subscription to 1.55 times, data available with the NSE till 1700 hrs showed.
The quota reserved for qualified institutional buyers (QIBs) saw overwhelming response with over-subscription of 5.15 times.
The portion reserved for retail investors witnessed 19 per cent subscription and non-institutional investors category was subscribed 4 per cent, the data showed.
This is the largest IPO in the Indian market since Bharti Infratel’s over Rs 4,000-crore public offer in December, 2012.
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 subscrition in the price band of Rs 700-765 per share.
28/10/15 Financial Express
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The IPO generated demand worth over Rs 4,000 crore, as it received bids for 4,67,45,535 shares against total issue size of 3,01,22,088 shares, taking the overall subscription to 1.55 times, data available with the NSE till 1700 hrs showed.
The quota reserved for qualified institutional buyers (QIBs) saw overwhelming response with over-subscription of 5.15 times.
The portion reserved for retail investors witnessed 19 per cent subscription and non-institutional investors category was subscribed 4 per cent, the data showed.
This is the largest IPO in the Indian market since Bharti Infratel’s over Rs 4,000-crore public offer in December, 2012.
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 subscrition in the price band of Rs 700-765 per share.
28/10/15 Financial Express
