IndiGo IPO
IndiGo IPO — date, price band, lot size & details 2015
IndiGo listed on 10 Nov 2015 at ₹855.8, 11.9% above the ₹765 issue price.
InterGlobe Aviation runs IndiGo, India's largest airline with over 33% of the domestic passenger market, as a low cost carrier. Its total income was Rs 14,309.14 crore in FY2015.
Stock price
IndiGo is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 27 Oct 2015
- Close 29 Oct 2015
- Allotment 05 Nov 2015
- Refund/credit TBA
- Listing 10 Nov 2015
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 29 Oct, 2015 |
|---|---|
| Price Band | ₹700 – ₹765 |
| Face Value | ₹10 |
| Lot Size | 15 Shares |
| Issue Size | ₹3017.14 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 76.50 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 11,475 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 15 shares at the ₹765 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 15 | ₹11,475 |
| Retail (max) | 17 | 255 | ₹1,95,075 |
| S-HNI (min) | 18 | 270 | ₹2,06,550 |
| S-HNI (max) | 87 | 1,305 | ₹9,98,325 |
| B-HNI (min) | 88 | 1,320 | ₹10,09,800 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01It held over 33% of the domestic passenger market.
- 02Total income rose from Rs 9,440.23 crore in FY2013 to Rs 14,309.14 crore in FY2015.
- 03Profit after tax rose from Rs 474.44 crore in FY2014 to Rs 1,295.59 crore in FY2015.
- 04EBITDA was Rs 3,831.76 crore in FY2015.
- 05Rs 1,165.66 crore of the issue was for retiring lease liabilities and buying aircraft.
Risks · 5
- 01Net worth was negative at Rs 139.39 crore on 30 June 2015.
- 02Profit after tax swung from Rs 783.36 crore in FY2013 to Rs 474.44 crore in FY2014, so earnings are volatile.
- 03Airlines are hit hard by fuel prices and the rupee; total borrowing was Rs 3,566.72 crore.
- 04Rs 1,744.94 crore of the issue went to selling shareholders.
- 05Promoters held 94.04% before the issue and 86.13% after it, so they control the company.
Three years of numbers
All figures in ₹ crore, as reported in the IndiGo offer document.
| Metric | 30 Jun 2015 | 31 Mar 2015 | 31 Mar 2014 | 31 Mar 2013 |
|---|---|---|---|---|
| Assets | 10,575.44 | 10,773.77 | 9,103.44 | 5,852.49 |
| Total Income | 4,317.20 | 14,309.14 | 11,432.12 | 9,440.23 |
| Profit After Tax | 640.44 | 1,295.59 | 474.44 | 783.36 |
| EBITDA | 1,576.79 | 3,831.76 | 2,206.13 | 2,286.25 |
| NET Worth | -139.39 | 426.22 | 421.74 | 389.05 |
| Reserves and Surplus | -483.10 | 391.85 | 387.37 | 354.68 |
| Total Borrowing | 3,566.72 | 3,588.40 | 3,080.74 | 1,698.77 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹1,207.20 Cr of the issue is earmarked to named objects.
About the company
IndiGo is India's largest airline, with over 33% of the domestic passenger market. It is a low cost carrier built on low fares, on time flights and a hassle free experience.
It had scheduled services to 33 cities in India and 5 international destinations.
The IPO was Rs 3,017.14 crore, with Rs 1,272.20 crore of fresh issue and Rs 1,744.94 crore of offer for sale, at Rs 765, the top of the Rs 700 to Rs 765 band. Most of the fresh money was for retiring lease liabilities and buying aircraft.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
IndiGo IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Ubs Securities India Private Limited
22 issues handledBest listing: BGR Energy Systems (+75.0%). Weakest: Bharti Infratel (-9.1%).
Morgan Stanley India Co. Pvt. Ltd
36 issues handledBest listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).
JP Morgan India Pvt. Ltd
41 issues handledBest listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).
Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Barclays Securities (India) Pvt. Ltd
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average -9.1%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of IndiGo?
The current Grey Market Premium is ₹0.
What is the IndiGo IPO price band?
₹700 to ₹765, on a face value of ₹10.
When is the allotment?
The basis of allotment is 5 November 2015, with listing on 10 November 2015.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
