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Free stock tips : No-frills carrier IndiGo's originator InterGlobe Aviation is likely to open with Rs 2,50cr having worth IPO(initial public offer) on 26th October.
Under the offer, the company plans to issue fresh shares worth Rs 1,272 cr. An equivalent amount can be raised through sale of up to 3.01 crore shares by its existing shareholders.
IndiGo is one of the 2 profit-making native airlines. The only other profitable airline is GoAir. The budget carrier saw its total profit bouncing over four-fold to Rs 1,304 cr. in the last fiscal as it remained profitable for seven straight years.
This was also the biggest ever yearly profit registered by the airline since its launching in the year 2005. It had posted a net profit of Rs 317 crore in the year ended March 31, 2014.
No-frills carrier IndiGo's originator InterGlobe Aviation is likely to open with Rs 2,50cr having worth IPO(initial public offer) on 26th October.
Under the offer, the company plans to issue fresh shares worth Rs 1,272 cr. An equivalent amount can be raised through sale of up to 3.01 crore shares by its existing shareholders.
IndiGo is one of the 2 profit-making native airlines. The only other profitable airline is GoAir. The budget carrier saw its total profit bouncing over four-fold to Rs 1,304 cr. in the last fiscal as it remained profitable for seven straight years.
This was also the biggest ever yearly profit registered by the airline since its launching in the year 2005. It had posted a net profit of Rs 317 crore in the year ended March 31, 2014.
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