IndiGo's $464 million IPO oversubscribed three times

InterGlobe Aviation Ltd , owner of budget airline IndiGo, received orders for more than three times the number of available shares for its Rs 3,020 crore ($463.7 million) initial public offering, according to exchange data.

InterGlobe had received orders for 101.8 million shares or 3.38 times the number of shares on offer as of 1:42 pm, according to data from National Stock Exchange and BSE Ltd.

Foreign institutional investors were the most active bidders, having placed orders worth 10.9 times the number of shares slotted for all institutional investors.

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($1 = 65.1325 rupees)