After having grabbed a lion's share in the Indian aviation market, IndiGo is now preparing to launch an initial public offer (IPO) of at least $400 million or Rs 2,500 crore in first quarter (April-June) of the next financial year (2015-16).
Sources have confirmed that bankers are working on the IPO at a frantic pace as current market conditions are favourable for going public, especially for a company with a proven track record like Indigo. The air line has not commented on this issue.
Presently, there are only two listed airlines--Jet Airways and SpiceJet. Vijay Mallya's Kingfisher, which shut operations in October 2012, is also listed on the BSE with its Rs 10 face value share quoting at Rs 1.49. However, trading in the Kingfisher stock has been suspended due to penal reasons, reports the ET.
18/03/15 Business Insider
Sources have confirmed that bankers are working on the IPO at a frantic pace as current market conditions are favourable for going public, especially for a company with a proven track record like Indigo. The air line has not commented on this issue.
Presently, there are only two listed airlines--Jet Airways and SpiceJet. Vijay Mallya's Kingfisher, which shut operations in October 2012, is also listed on the BSE with its Rs 10 face value share quoting at Rs 1.49. However, trading in the Kingfisher stock has been suspended due to penal reasons, reports the ET.
18/03/15 Business Insider
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