IndiGo's parent company InterGlobe Aviation raises Rs 832 crore from anchor investors
InterGlobe would be hitting the capital markets to raise Rs 3,018 crore through the initial public offering, the biggest in nearly three years.
By ET Bureau | Updated:
MUMBAI: Interglobe Aviation, which operates Indigo, has roped in 43 marquee names such as Merrill Lynch, Singapore government owned GIC, Goldman Sachs, Ruane, Cunniff & Goldfarb, Fidelity Investments, DSP Blackrock and Wellington as anchor investors in its pre-issue share sale.
The anchor book totaled Rs 832 crore at the top end of the price band at Rs 765 apiece. The airline company is valued at $4.25 billion (Rs 27,500 crore)
The anchor book, which was subscribed eight times, constitutes about 30% of the total issue, which opens Tuesday.
InterGlobe Aviation's shares are being offered at Rs 700-765 apiece to raise as much as Rs 3,268 crore at the upper end of the price band. This will bring the stake of the two founders Rahul Bhatia and Rakesh Gangwal jointly down to about 85%.
The other anchor investors included Research Boston, Kuwait Investment Authority, APG, Eastspring Investment Fund, DB International, Abu Dhabi Investment Council, Govt Pension Fund Global (Norway), HDFC Mutual Fund, Sundaram Mutual Fund and Indus India.
This is India's biggest IPO in the past three years since Bharti Infratel's Rs 4,155 crore offer in December 2012.
The anchor book totaled Rs 832 crore at the top end of the price band at Rs 765 apiece. The airline company is valued at $4.25 billion (Rs 27,500 crore)
The anchor book, which was subscribed eight times, constitutes about 30% of the total issue, which opens Tuesday.
InterGlobe Aviation's shares are being offered at Rs 700-765 apiece to raise as much as Rs 3,268 crore at the upper end of the price band. This will bring the stake of the two founders Rahul Bhatia and Rakesh Gangwal jointly down to about 85%.
The other anchor investors included Research Boston, Kuwait Investment Authority, APG, Eastspring Investment Fund, DB International, Abu Dhabi Investment Council, Govt Pension Fund Global (Norway), HDFC Mutual Fund, Sundaram Mutual Fund and Indus India.
This is India's biggest IPO in the past three years since Bharti Infratel's Rs 4,155 crore offer in December 2012.
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