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 today.
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 per cent subscription, while the employees category was subscribed 13 per cent. 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.
29/10/15 PTI/New Indian Express
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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 per cent subscription, while the employees category was subscribed 13 per cent. 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.
29/10/15 PTI/New Indian Express
