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Institutional investor segment sees nearly three times demand
The company priced its IPO in a range of Rs 173-Rs 180 per share
Highest-ever collection via this route; Rs 3,136-crore IPO opens today
The operator of the profitable no-frills carrier IndiGo has set a price band for the public offer at Rs 700-765
Two major IPOs -- IndiGo's parent InterGlobe Aviation and fragrance maker S H Kelkar & Company -- are set to hit the market this week but the last two issues could not get full subscription
700-company strong portfolio to get a fillip
The IPO, which closed after three days of bidding in Rs 316-328 price band, got oversubscribed 1.81 times
Big institutions plan IPOs, smaller ones seek alternative fundraising
It had a set a price range of Rs 316-328 per share
Companies have raised nearly Rs 7,500 crore through 16 IPOs this year, over six times the amount raised last year
Mumbai-based fragrance maker has priced its IPO between Rs 173 and Rs 180 per share
Proceeds of the initial public offerings will be used for business expansion plans & working capital needs
The carrier would be second domestic airline to come out with an IPO after rival IndiGo
A negative net worth implies the company's liabilities are more than its assets
Quota for retail, HNI investors remains undersubscribed
Issue has so far received 18.8 mn bids as against 25.8 mn shares on offer
Most bids came from in the institutional and retail investor segment
Bankers say volatile global markets and a tepid performance at home are scaring off potential candidates