IndiGo sets IPO price at Rs 765
The book-building closed last week, having attracted orders worth six times the number of available shares
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<a href="http://www.shutterstock.com/pic-111714569/stock-photo-ipo-word-cloud-concept-on-a-blackboard-with-great-terms-such-as-initial-public-offering-issue.html" target="_blank">Image</a> via Shutterstock
InterGlobe Aviation, owner of Indian budget airline IndiGo, raised Rs 3,010 crore ($458.91 million) in an initial public offering (IPO) after setting the pricing at Rs 765 per share, according to a prospectus on Monday. That was at the upper end of a price range of Rs 700 to Rs 765 per share.
The book-building closed last week, having attracted orders worth six times the number of available shares. InterGlobe's IPO is India's biggest since the listing of around $750 million by Bharti Infratel in December 2012. It will make its market debut later this month.
The book-building closed last week, having attracted orders worth six times the number of available shares. InterGlobe's IPO is India's biggest since the listing of around $750 million by Bharti Infratel in December 2012. It will make its market debut later this month.
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First Published: Nov 02 2015 | 10:41 PM IST