IPO Issue Details
Issue Price / Price Band₹765 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size15 Shares per Lot
Total Issue Size3,94,64,562 shares (aggregating up to ₹3,017.14 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 27 Oct 2015
Subscription CloseThu, 29 Oct 2015
Anchor AllotmentMon, 26 Oct 2015
Basis of AllotmentWed, 04 Nov 2015
Initiation of RefundsThu, 05 Nov 2015
Credit of Shares to DematThu, 05 Nov 2015
Listing DateTue, 10 Nov 2015
UPI Mandate Deadline2015-10-29
Application & Investment Details
Retail — Min (1 Lots)₹11,475 — 15 shares
Retail — Max (13 Lots)₹149,175 (13 Lots)
HNI — Min (18 Lots)₹2,06,550 — 270 shares
Pre-IPO Promoter Holding36,16,84,551 shares
Post-IPO Promoter Holding38,40,70,165 shares
Fresh Issue Shares1,66,40,544 shares (aggregating up to ₹1,272.20 Cr)
Offer for Sale Shares2,28,24,018 shares of ₹10 (aggregating up to ₹1,744.94 Cr)
About InterGlobe Aviation Ltd.
Incorporated in 2006, Interglobe Aviation Ltd is India based aviation, hospitality and travel related service provider. Company own and operate 'IndiGo', India's largest airline with over 33% of domestic passenger market share.IndiGo Airline, the low-cost airline carries the brand message of providing "low fares, on-time flights and a hassle-free experience" to air travelers in India.IndiGo has scheduled services to 33 cities within India and 5 cities (Bangkok, Dubai, Kathmandu, Muscat and Singapore) internationally with 623 daily flights.Company also has a joint venture with Accor Asia Pacific since 2004 to develop a network of 'ibis' hotels throughout India, Nepal, Sri Lanka and Bangladesh. With 10 ibis hotels open and 9 under development, the company shall have a portfolio of 19 operational hotels with room inventory of about 3500 rooms by 2017.Company's Strengths1. Largest market share in one of the largest and fastest growing aviation markets in the world2. Maintain disciplined execution of the low-cost carrier business model with single aircraft type, high aircraft utilization, high operational reliability, no-frills product and low distribution costs.3. A structural cost advantage. Large Airbus aircraft orders enable favorable terms on aircraft, engines and components. Company has Young, modern and fuel-efficient fleet.4. Strong brand recognition5. Company maintained consistent profitability and strong cash flow generation, balance sheet and liquidity position.
Objects of the Issue
InterGlobe Aviation Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Retirement of certain outstanding lease liabilities and consequent acquisition of aircraf
116.56
2
2 Purchase of ground support equipment for our airline operations
34.26
3
3 General corporate purposes
7.28
Shareholding & Lock-in
Pre-IPO Promoter Holding
36,16,84,551 shares
Post-IPO Promoter Holding
38,40,70,165 shares