Where to check BSE, NSE live listing shares price of IndiGo IPO issue

Would you like to know the price band and lot size of the forthcoming equity shares issue of IndiGo? This article gives an analytical review of the IndiGo IPO shares and provides details of the share price, launch date and closing date. You will also know where to read the red herring prospectus and check later the live shares price online at BSE and NSE websites.

Earlier this month, the Indian Initial Public Offer (IPO) market woke up to smell the coffee, so to say, with the launch of the IPO of Coffee Day Enterprises Private Limited. Coming up next is that of InterGlobe Aviation Limited, the company which operates the budget carrier IndiGo.

InterGlobe Aviation is launching its first public issue of equity shares on 27th October 2015. This IPO is being regarded as one of the major IPOs in over 3 years, with IndiGo Airlines having garnered good profits year after year subsequent to its initial two years in the aviation sector.

About IndiGo Airlines

IndiGo is a low cost carrier which flies to over 30 destinations. There are approximately 603 daily domestic flights & over 200 international weekly flights to 5 cities, namely Kathmandu, Dubai, Muscat, Singapore and Bangkok. It has been honoured with the tag of 'Best Low-cost Airline in Central Asia & India' for six consecutive years at the SkyTrax World Airline Awards. Not surprising, considering that as of August 2015, the airlines is said to have a commendable operational reliability of 99.95% with an on-time performance of 83.8%. Promoters of IndiGo have reaped rich benefits so far in terms of dividends, thanks to the parent company's cash flows.

There have also been plenty of job opportunities with the airline, helping launch the careers of pilots, cabin crew and ground staff.

Why the positive outlook of IndiGo IPO

Economic analysts state that the reason for IndiGo's phenomenal growth – and thereby continuous profits – is due to the shrewd steps taken towards an upward graph. It has kept away from squandering money on varied types of aircraft, focusing primarily on the Airbus A320 and drawing up maintenance contracts on a long term basis rather than stop-gap arrangements for shorter durations. It even leased back planes. In terms of services for passengers, IndiGo launched flights on short distance routes and not just the longer ones, thus making many air travellers happy.

With heady profits in the 2014-2915 financial year 4 times of the previous one, IndiGo has taken over 30% of the domestic market share. Looking to the future, it aims to continue to make its stamp on the booming airlines sector in India, with no fancy ambitions to expand in international skies. With this aim in mind, the company says that about 430 more Airbus A320 Neos (a variant of the Airbus A320) are soon to be joining their fleet.

IndiGo IPO statistical data

  • Shares size: The initial share size has been reduced to Rs.3,018crore as it seems three of the company's partners are selling fewer shares than stated earlier.

  • Number of shares on offer: likely 2.3 crore shares

  • The price band of IndiGo IPO: Rs.700 to Rs.765 with a face value of Rs 10 each.

  • Possible amount to be raised from the IPO: more than Rs.3,000 crore.

  • Over 1,000 crore from IPO sales likely to be channelized to deal with various financial requirements related to aircraft acquisition.

General information

  1. Global Co-ordinators and Book Running Lead Managers:
    • Citigroup Global Markets India Private Limited

    • J.P. Morgan India Private Limited

    • Morgan Stanley India Company Private Limited

  2. Book Running Lead Managers:
    • Barclays Bank PLC

    • Kotak Mahindra Capital Company Limited

    • UBS Securities India Private Limited

  3. Registrar to the issue: Karvy Computershare Private Limited

Important dates

  • Start of IPO: 27th October 2015

  • Close of IPO: 29th October 2015

Where to check online listing of IndiGo shares price live

You can check how the Indigo equity shares fare on:
  • The Bombay Stock Exchange Ltd. (BSE) at: http://www.bseindia.com/

  • The National Stock Exchange (NSE) at: http://www.nseindia.com/live_market/dynaContent/live_market.htm

Important note to investors: As a potential investor, you should be aware of the risks involved in investing in equity shares, including in this IPO. You are therefore advised to refer to the Red Herring Prospectus, dated 16th October, 2015 at: http://www.sebi.gov.in/cms/sebi_data/attachdocs/1445319248511.pdf

Contact information of InterGlobe Aviation Limited

  1. Registered Office:
    Central Wing, Ground Floor, Thapar House,
    124 Janpath,
    New Delhi – 110 001, India
    Ph: +91 11 6500 0428 // Fax: +91 11 4351 3200

  2. Corporate Office:
    Levels 1-5, Tower–C, Global Business Park,
    M.G. Road,
    Gurgaon – 122 002, Haryana, India
    Ph: +91 124 435 2500 // Fax: +91 124 406 8536
    Contact Person: Suresh Kumar Bhutani, Company Secretary and Compliance Officer. Ph: +91 124 485 2158 // Fax: +91 124 426 8664

E-mail: investors@goindigo.in
Official Website: www.goindigo.in

[Note: The author of this article is providing general information & not in any way endorsing the IndiGo IPO or encouraging people to invest in it. Investment in the IPO is at the sole risk of the investors.]

Article by Vandana
Vandana is based in India with over 15 years experience as a freelance writer. Writing, no doubt, is her primary passion! Having learned the art of blogging from ISC, Vandana is enjoying the thrills of blogging, taking pleasure in sharing information & getting good pageviews at her various blogs.

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Author: Partha K.26 Oct 2015 Member Level: Platinum   Points : 2

Aviation sector in India is always very volatile. The condition of Kingfisher, Jet Airways, Deccan Airways and various other low-cost airlines is dismal. Kingfisher has already stopped its operation. Under the circumstances and without proper regulation in this sector, Indigo IPO would be a very big risk and is not suitable for retail investors,

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