IndiGo IPO: A robust business model but no discount in Indigo Airline IPO price.
India's largest airline company, InterGlobe Aviation, which operates IndiGo, is seeking to raise about Rs 3,000 crore from its initial public offering (Indigo IPO). While about Rs 1,800 crore of this is an offer for sale, going to the existing shareholders, the rest is a fresh issue. At Rs 765, upper end of the band, the company is looking at a valuation of Rs 27,500 crore. The two listed aviation players, Jet Airways and SpiceJet, have a combined market cap about a fourth of this number. Read more: http://www.business-standard.com/article/markets/indigo-a-robust-business-model-but-no-discount-in-ipo-price-115102200907_1.html
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