The IPO generated demand worth about Rs 18,000 crore, as it received bids for 18,49,36,110 shares against the total issue size of 3,01,22,088 shares, data available with the NSE till 1900 hours showed.
The quota reserved for qualified institutional buyers (QIBs) saw tremendous response with over-subscription of 17.79 times, sources said.
Non-institutional investors category was also over-subscribed 3.57 times.
In contrast, the portion set aside for retail investors witnessed 90 per cent subscription, while the employees category was subscribed 12 per cent.
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Ace investor Rakesh Jhunjhunwala and foreign entities, including Acacia Partners LP, which is said to be associated with legendary investor Warren Buffett, are among those who have purchased shares of the airline.
InterGlobe Aviation has raised Rs 832 crore from anchor investors by allotting shares at the upper limit of price band at Rs 765 apiece.
The offer invites subscription in the price band of Rs 700-765 per share.
The company had reduced its initial share sale size to a little over Rs 3,018 crore last week, with three of the promoters deciding to sell less number of shares than proposed earlier.
The IPO closes today.
Barclays Bank PLC, Kotak Mahindra Capital Company Limited and UBS Securities India are managing the issue.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating on lease - a business model which has helped it lower costs.