India's budget airline, IndiGo wants to make the most of the current
bull run. ET NOW learns that the airline's holding company, InterGlobe
Aviation is gearing up to hit the capital market with a big-bang IPO by
the third quarter of this financial year. Three independent sources with
direct knowledge share that IndiGo has initiated the process and is in
talks with merchant bankers for the public issue.
Sources indicate that InterGlobe Aviation could be looking at a valuation of around Rs 10,000 crores in the IPO but a lot will depend on the investor response and the valuation by the banks on the deal. "This could be an opportune time for value unlocking since the airline is profitable and markets are offering high valuations " and industry expert said. Sources also indicate that IndiGo is also gearing up for stiff competition in the Indian aviation space due to the new entrant AirAsia India and also Jet Airways which now has Etihad Airways as its partner.
Read news in full 19/06/14 Nisha Poddar/Economic Times
Sources indicate that InterGlobe Aviation could be looking at a valuation of around Rs 10,000 crores in the IPO but a lot will depend on the investor response and the valuation by the banks on the deal. "This could be an opportune time for value unlocking since the airline is profitable and markets are offering high valuations " and industry expert said. Sources also indicate that IndiGo is also gearing up for stiff competition in the Indian aviation space due to the new entrant AirAsia India and also Jet Airways which now has Etihad Airways as its partner.
Read news in full 19/06/14 Nisha Poddar/Economic Times
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