Retail investors cut holding in IndiGo; FPIs, MFs raise stake

The stock hit an intra-day low of Rs 767 on BSE today, trading close to its initial public offer price of Rs 765 per share.

Retail investors have reduced their stake in InterGlobe Aviation, which operates IndiGo airline, since its listing on the bourses on November last year.

Individual shareholders have sold 5.1 million equity shares worth of Rs 558 crore of IndiGo. Their shareholding in the company declined by 142 basis points to 4.28% at the end of December 2015 quarter from 5.7% as on November 6, 2015, the shareholding pattern data shows.

IndiGo raised Rs 3,009 crore through initial public offering (IPO) at Rs 765 per share.

On Tuesday, the stock closed at Rs 788, its lowest level since listing. Since January 1 this year, it has fallen 41% from Rs 1,342. IndiGo saw an erosion of about Rs 20,000 crore during the period. Total market capitalization of the company declined to Rs 28,414 crore from Rs 48,351 crore, the BSE data shows.

On the other hand, institutional investors including mutual funds (MF), foreign portfolio investors (FPIs) and financial institutions & banks have collectively raise their holding in IndiGo by 135 basis points to 7.2% in December quarter. They held 5.85% stake in airline firm at the time of listing.

FPIs purchased an additional 3.54 million shares amounting of Rs 387 crore.  The calculation based on an average market price of Rs 1,092 between November 10, 2015 and December 31, 2015. FPIs holding in IndiGo increased to 6.01% from 5.03% during the period.

Today, the stock hit an intra-day low of Rs 767, is trading close to its initial public offer price of Rs 765 per share.

	As on 06/11/2015		As on 31/12/2015		Change
	Shares	%	Shares	%	Shares	%
Promoters & Promoter Group	310.4	86.15	310.4	86.15	-	-
Mutual Funds	3.0	0.82	3.9	1.08	0.96	0.26
Foreign Portfolio Investors	18.1	5.03	21.7	6.01	3.54	0.98
Financial Institutions/ Banks	-	-	0.4	0.11	0.38	0.11
Individual	20.5	5.7	15.4	4.28	-5.11	-1.42
Bodies Corporates	3.1	0.86	2.6	0.72	-0.51	-0.14
Total Public	49.9	13.85	49.9	13.85	-	-
Shares in million
Source : Shareholding pattern