InterGlobe Aviation shares slip below IPO price

Shares of IndiGo's parent InterGlobe Aviation today ended at Rs 722.25, slipping below its issue price of Rs 765 per share since its listing in November last year.
From the issue price, the stock is down 5.58 per cent.
The stock which debuted on November 10, 2015, was down 6.02 per cent to Rs 722.25 at close of trade on BSE today. Intra-day, it slumped 8.65 per cent to Rs 702 - its 52-week low.
At NSE, the stock plunged 6.7 per cent to end at Rs 719.70.
In the previous session also the stock had breached its IPO price but later recouped the losses and ended at Rs 768.50 on BSE.

The stock touched its one-year high of Rs 1,395.50 on January 1 this year, but since then it has fallen by over 48 per cent.

InterGlobe had raised Rs 3,008.5 crore at issue price of Rs 765 per share from the IPO, which was the biggest initial share sale in three years.
Since its December quarter results on January 21, the stock has been on a downward spiral.
Concerns over the targeted fleet size by March due to delay in supply of more fuel-efficient planes by Airbus has hurt investor sentiment.