IndiGo’s IPO is a hit even as it gets first time investors in to the Indian IPO market!
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There were a plethora of investors who participated in the Indian IPO for the first time.
The first time investors, who invested in the world's biggest and most profitable budget airlines, are Neuberger Berman, APG, Harvard Management Company, Davis International Fund, Hutchin Hill, Acacia Partners LP and Columbia Threadneedle.
Reportedly, majority of these investors are raked in global low fare carriers.
"A new investor is typically more cagey about putting in money than one with experience. These names show investors believe in IndiGo's business model and India's growth story," Prithvi Haldea, chairman and managing director of Prime Database, a tracker of primary markets told ET.
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