India: IndiGo parent InterGlobe Aviation’s IPO subscribed 87% on day 1

India: IndiGo parent InterGlobe Aviation’s IPO subscribed 87% on day 1

IndiGo, the only domestic airline to be consistently profitable since 2009, has fixed a price band of Rs700-765 for the public issue that will close on 29 October. Photo: Mint

The much anticipated Rs.3,130 crore initial public offering (IPO) of InterGlobe Aviation Ltd, owner of India’s largest and most profitable airline, IndiGo, was subscribed 87% on Tuesday.

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