InterGlobe Aviation, which runs no-frills carrier IndiGo, is set to hit primary markets with its public offer or initial public offering (IPO) on October 27. The company has fixed the price band for its initial share sale at Rs 700-765, through which it could raise up to a little over Rs 3,000 crore.
IndiGo is one of the two profit-making domestic airlines with the other one being GoAir. At present, only two domestic scheduled carriers – Jet Airways and SpiceJet – are listed, while trading in long-grounded Kingfisher Airlines has been suspended for a long time.
Here are some facts about the airline you need to know before you decide to jump aboard its primary market offer.
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)