Indian carrier IndiGo shares surge 17% on listing debut

Indian carrier IndiGo shares surge 17% on listing debut

The Rs3,010 crore IndiGo IPO, which closed on 29 October, was subscribed 6.14 times, as financial institutions and high networth individuals sought to tap the world’s fastest growing aviation market through the issue. Photo: Mint

Shares of InterGlobe Aviation Ltd opened 13.33% higher from the issue price of Rs.765 per share, following the robust response the company which runs India’s largest and most profitable airline, IndiGo, received to its initial public offer (IPO) last month.

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