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IndiGo IPO is a book built issue of Rs 3,018.24 crores. The issue comprises of fresh issue of Rs 1,272.20 crore and offer for sale of 2.28 crore shares.
IndiGo IPO bidding started from October 27, 2015 and ended on October 29, 2015. The shares got listed on BSE, NSE on November 10, 2015.
IndiGo IPO price band is set at ₹700 to ₹765 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹11,475.
Barclays Securities (India) Private Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and Ubs Securities India Private Limited are the book running lead managers of the IndiGo IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to IndiGo IPO RHP for detailed information.
IPO Date | October 27, 2015 to October 29, 2015 |
Listing Date | November 10, 2015 |
Face Value | ₹10 per share |
Price Band | ₹700 to ₹765 per share |
Lot Size | 15 Shares |
Total Issue Size | [.] shares (aggregating up to ₹3,018.24 Cr) |
Fresh Issue | [.] shares (aggregating up to ₹1,272.20 Cr) |
Offer for Sale | 22,824,018 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 361,684,551 |
Share holding post issue | 384,070,165 |
IndiGo IPO offers 24,241,380 shares. 8,522,935 (35.16%) to QIB, 5,819,746 (24.01%) to NII, 13,579,407 (56.02%) to RII, 2,200,000 (9.08%) to employees. 905,293 RIIs will receive minimum 15 shares and (sNII) and (bNII) will receive minimum 270 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 8,522,935 (35.16%) | NA |
NII (HNI) Shares Offered | 5,819,746 (24.01%) | |
Retail Shares Offered | 13,579,407 (56.02%) | 905,293 |
Employee Shares Offered | 2,200,000 (9.08%) | NA |
Total Shares Offered | 24,241,380 (100%) |
Investors can bid for a minimum of 15 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 15 | ₹11,475 |
Retail (Max) | 17 | 255 | ₹195,075 |
Lot Size Calculator |
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.
IndiGo Airline, the low-cost airline carries the brand message of providing "low fares, on-time flights and a hassle-free experience" to air travelers in India.
IndiGo has scheduled services to 33 cities within India and 5 cities (Bangkok, Dubai, Kathmandu, Muscat and Singapore) internationally with 623 daily flights.
Company also has a joint venture with Accor Asia Pacific since 2004 to develop a network of 'ibis' hotels throughout India, Nepal, Sri Lanka and Bangladesh. With 10 ibis hotels open and 9 under development, the company shall have a portfolio of 19 operational hotels with room inventory of about 3500 rooms by 2017.
Company's Strengths
1. Largest market share in one of the largest and fastest growing aviation markets in the world
2. Maintain disciplined execution of the low-cost carrier business model with single aircraft type, high aircraft utilization, high operational reliability, no-frills product and low distribution costs.
3. A structural cost advantage. Large Airbus aircraft orders enable favorable terms on aircraft, engines and components. Company has Young, modern and fuel-efficient fleet.
4. Strong brand recognition
5. Company maintained consistent profitability and strong cash flow generation, balance sheet and liquidity position.
Particulars | For the year/period ended (in Rs. Million) | |||
31 Mar 15 | 31 Mar 14 | 31 Mar 13 | 31 Mar 12 | |
Total Income | 114,321.18 | 94,402.34 | 57,086.20 | |
Profit After Tax (PAT) | 4,733.27 | 7,833.57 | 1,405.94 |
The Issue comprises the Fresh Issue and Offer for Sale.
Objects of the Offer for Sale
The proceeds from Offer for Sale (net of Issue related expenses incurred by the Selling Shareholders) will go to the Selling Shareholders and the Company will not receive any proceeds except reimbursement of Issue expenses incurred by the Company on behalf of the Selling Shareholders.
Objects of the Fresh Issue
Company proposes to utilize the funds which are being raised through the Fresh Issue for the following objects:
1. Retirement of certain outstanding lease liabilities and consequent acquisition of aircraft;
2. Purchase of ground support equipment for our airline operations; and
3. General corporate purposes,
4. To receive the benefits of listing of the Equity Shares on the Stock Exchanges.
[Dilip Davda]
Considering its negative NAV as on 30.06.15, issue price is exorbitant. Aviation policy changes are expected in a month’s time, which will cast its shadow on the future trends of aviation industry. Rupee/Dollar parity and volatile ATF prices will continue to have its impact on bottom lines in coming years as well. As per latest balance sheet as on 30.06.15, as the cow is milked, there is virtually nothing is left for new investors at such a fancy pricing. Hence this appears to be a 'High Risk/Low return' bet.
Read detail review...The IndiGo IPO is subscribed 6.15 times on October 29, 2015 8:30:00 PM. The public issue subscribed 0.92 times in the retail category, 17.80 times in the QIB category, and 3.57 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 17.80 |
NII | 3.57 |
Retail | 0.92 |
Employee | 0.13 |
Total | 6.15 |
Listing Date | November 10, 2015 |
BSE Script Code | 539448 |
NSE Symbol | INDIGO |
ISIN | INE646L01027 |
Final Issue Price | ₹765 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹765.00 |
₹856.00 |
₹848.10 |
₹898.00 |
₹878.45 |
NSE |
---|
₹765.00 |
₹855.80 |
₹849.00 |
₹899.50 |
₹877.25 |
InterGlobe Aviation Ltd
Central Wing, Ground Floor,
Thapar House, 124 Janpath,
New Delhi - 110 001, India
Phone: +91 11 6500 0428
Email: investors@goindigo.in
Website: http://www.goindigo.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
IndiGo IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹3,018.24 Crores. The issue is priced at ₹700 to ₹765 per share. The minimum order quantity is 15 Shares.
The IPO opens on October 27, 2015, and closes on October 29, 2015.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The IndiGo IPO opens on October 27, 2015 and closes on October 29, 2015.
IndiGo IPO lot size is 15 Shares, and the minimum amount required is ₹11,475.
You can apply in IndiGo IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for IndiGo IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IndiGo IPO allotment status.
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