InterGlobe Aviation, which runs no-frills carrier IndiGo, today said its IPO will open on October 27 and close on October 29.
The much-awaited IPO of IndiGo is being seen as a test case for revival of the primary market, as the relatively smaller public issue of Coffee Day Enterprises managed to sail through today despite a lukewarm initial response.
While InterGlobe is yet to announce price band, its Red Herring Prospectus released today said the public offer will open on October 27 and continue till October 29.
Earlier, it was estimated to be targetting funds to the tune of Rs 2,500 crore but bankers said the company may be now looking at proceeds totalling over Rs 3,000 crore from the initial share sale.
This would be a tough task as total demand generated by the Coffee Day Enterprises’ IPO was about Rs 2,000 crore after taking into account the over-subscription of 1.81 times.
16/10/15 PTI/Financial Express
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The much-awaited IPO of IndiGo is being seen as a test case for revival of the primary market, as the relatively smaller public issue of Coffee Day Enterprises managed to sail through today despite a lukewarm initial response.
While InterGlobe is yet to announce price band, its Red Herring Prospectus released today said the public offer will open on October 27 and continue till October 29.
Earlier, it was estimated to be targetting funds to the tune of Rs 2,500 crore but bankers said the company may be now looking at proceeds totalling over Rs 3,000 crore from the initial share sale.
This would be a tough task as total demand generated by the Coffee Day Enterprises’ IPO was about Rs 2,000 crore after taking into account the over-subscription of 1.81 times.
16/10/15 PTI/Financial Express
