 "IndiGo closes 15% above issue price")
Shares of Interglobe Aviation, the company that operates IndiGo airlines, closed at Rs 878, a 15 per cent higher compared to its issue price, a best listing in past three months.
The stock listed at Rs 856 against its initial public offer price (IPO) price of Rs 765 per share on the National Stock Exchange (NSE). It touched high of Rs 900 and low of Rs 849 during intra-day trade.
In August 11, 2015, Syngene, the research arm of biotechnology major Biocon had closed 24 per higher at Rs 310 on first day of its listing against its issue price of Rs 250 per share.
The company had raised Rs 3,009 crore though the initial public offering (IPO), which subscribed a little over six times. It fixed the IPO price at the upper end of a price range of Rs 700 to Rs 765 per share.
The company proposed to use the proceeds of IPO for retirement of debt related to the acquisition of aircrafts and purchase of ground support equipment for airline operations.
InterGlobe Aviation (Indigo) is India's largest aviation player with a market share of 37.4% as on August 2015. IndiGo operates as a low-cost carrier or LCC business model and focuses primarily on the domestic Indian air travel market.
The stock listed at Rs 856 against its initial public offer price (IPO) price of Rs 765 per share on the National Stock Exchange (NSE). It touched high of Rs 900 and low of Rs 849 during intra-day trade.
In August 11, 2015, Syngene, the research arm of biotechnology major Biocon had closed 24 per higher at Rs 310 on first day of its listing against its issue price of Rs 250 per share.
The company had raised Rs 3,009 crore though the initial public offering (IPO), which subscribed a little over six times. It fixed the IPO price at the upper end of a price range of Rs 700 to Rs 765 per share.
The company proposed to use the proceeds of IPO for retirement of debt related to the acquisition of aircrafts and purchase of ground support equipment for airline operations.
InterGlobe Aviation (Indigo) is India's largest aviation player with a market share of 37.4% as on August 2015. IndiGo operates as a low-cost carrier or LCC business model and focuses primarily on the domestic Indian air travel market.