IndiGo, Infibeam, Teamlease want to generate over Rs 3,000 crore via IPOs
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Three companies - low-cost carrier According to banking sources, the draft papers for all the three Initial Public Offers (IPOs) were being submitted to capital markets regulator Securities and Exchange Board of India (
InterGlobe Enterprises, which runs the country's biggest airline by market share under 'IndiGo' brand, wants to raise Rs 2,000-2,500 crore through the
IndiGo flew 27.69 lakh passengers in May, accounting for more than a third of the total traffic. Last month, all Indian carriers together ferried a total of 71.27 lakh passengers.
The privately-held IndiGo is one of the two domestic carriers making profit. The other profitable airline is GoAir.
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Earlier this month, Sydney-based aviation think-tank '
IndiGo was founded in 2006 by travel entrepreneur Rahul Bhatia and US Airways former chief executive Rakesh Gangwal.
After a prolonged lull, the IPO space has become very active and over 30 companies have lined to raise funds totaling over Rs 20,000 crore through public offers, which also include Cafe Coffee Day, Matrix Cellular and
At least 20 of these firms have already got the go-ahead from SEBI to launch their respective IPOs while draft IPO papers of five firms are currently "under process" but may be cleared soon.
Three companies -- Cafe Coffee Day, Matrix Cellular and
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The flurry of activity in the IPO space follows stabilising trends in the
It also comes at a time when the regulator SEBI has announced a slew of fresh reforms in the IPO space, including for halving the listing period to six days and making the application process for investors entirely cheque-free.
(Image: Indiatimes)
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