IndiGo’s $464m IPO

MUMBAI: InterGlobe Aviation Ltd, owner of Indian budget airline IndiGo, filled the orderbook for its up to INR 30.2 billion ($464.33 million) initial public offering in the second day of bookbuilding, signalling strong demand from investors. InterGlobe had received orders for 32.5 million shares as of 1:00pm India time, as per data from exchanges National Stock Exchange and BSE Ltd. The owner of IndiGo is selling 30.1 million shares at between INR 700 to INR 765 each via the exchanges. It will close its orderbook on Thursday.