Mumbai: After a gap of four years, InterGlobe Enterprises, the company
that owns IndiGo, India’s biggest airline by market share, has revived
plans to launch an initial public offering (IPO) following improvement
in market conditions after the induction of a new government at the
Centre.
InterGlobe is believed to be in discussions with merchant bankers on the pricing and timing of the issue, though the management has not made any announcement in this regard. IndiGo did not respond to a query.
The size of the issue is expected to be $400 million, the same amount of money the company was planning to raise through an IPO in the first-half of 2010. The low-cost airline was launched in the second-half of 2006 and since then has emerged as the fastest growing airline in India.
InterGlobe is believed to be in discussions with merchant bankers on the pricing and timing of the issue, though the management has not made any announcement in this regard. IndiGo did not respond to a query.
The size of the issue is expected to be $400 million, the same amount of money the company was planning to raise through an IPO in the first-half of 2010. The low-cost airline was launched in the second-half of 2006 and since then has emerged as the fastest growing airline in India.
