Bumpy landing for Indigo in Interglobe IPO
Interglobe Aviation, the company that operates the largest passenger airline in the country, Indigo, faced rough weather in getting its large-sized initial public offer (IPO) of Rs 3,018 crore fully subscribed on time on Thursday, the last day of its IPO.
QIBs check in, but not the retail investor
On Wednesday, the second day of the high profile Rs 3,018 crore initial public offer (IPO) of Interglobe Aviation saw total bids across all investors crossing the issue size, but retail investors, non-institutional investors and employees did not bid fully for the shares reserved for them. The company operates the largest passenger airline in the country, IndiGo.