IndiGo IPO subscribed more than six times as investors seek to tap world’s fastest growing aviation market.

Typically, the demand from retail and high networth individuals for an IPO picks up on the last day. Photo: Mint

The three-day initial public offering (IPO) of InterGlobe Aviation Ltd, owner of India’s largest and most profitable airline, IndiGo, closed on Thursday after receiving demand for 6.14 times the shares it offered investors, as financial institutions and rich individuals sought to tap the world’s fastest growing aviation market.

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