Bookbuilding IPO | ₹3,017 Cr | Listed at BSE, NSE | Tue, Oct 27, 2015 - Thu, Oct 29, 2015
InterGlobe Aviation IPO is a book build issue of ₹3,017.14 crores. The issue is a combination of fresh issue of 1.66 crore shares aggregating to ₹1,272.20 crores and offer for sale of 2.28 crore shares aggregating to ₹1,744.94 crores.
InterGlobe Aviation IPO bidding started from Oct 27, 2015 and ended on Oct 29, 2015. The shares got listed on BSE, NSE on Nov 10, 2015.
InterGlobe Aviation IPO price band is set at ₹765 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹11,475 (15 shares) (based on upper price). The lot size investment for sNII is 18 lots (270 shares), amounting to ₹2,06,550, and for bNII, it is 88 lots (1,320 shares), amounting to ₹10,09,800.
The issue includes a reservation of up to 22,00,000 shares for employees offered at a discount of ₹76.50 to the issue price.
Barclays Securities (India) Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to InterGlobe Aviation IPO RHP for detailed Information.
IPO Open
Tue, Oct 27, 2015
IPO Close
Thu, Oct 29, 2015
Issue Price
₹765 per share
Market Cap (Pre-IPO)
₹29,381.37 Cr
| IPO Date | 27 to 29 Oct, 2015 |
| Listed on | Tue, Nov 10, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹700 to ₹765 |
| Issue Price | ₹765 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹76.50 |
| Total Issue Size | 3,94,64,562 shares (agg. up to ₹3,017 Cr) |
| Fresh Issue | 1,66,40,544 shares (agg. up to ₹1,272 Cr) |
| Offer for Sale | 2,28,24,018 shares of ₹10 (agg. up to ₹1,745 Cr) |
| Share Holding Pre Issue | 36,16,84,551 shares |
| Share Holding Post Issue | 38,40,70,165 shares |
| BSE Script Code / NSE Symbol | 539448 / INDIGO |
| ISIN | INE646L01027 |
InterGlobe Aviation IPO comprises a total issue size of 3,95,46,814 shares. The net offer to the public is 3,73,46,814 shares, after excluding 22,00,000 shares under a preferential allotment. Of the Net offer 1,86,73,407 (50.00%) are allocated to QIB, 56,02,022 (15.00%) allocated to NII 1,30,71,385 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,86,73,407 | 50.00% | 47.22% | NA |
| − Anchor Investor Shares Offered | 1,12,04,044 | 28.33% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 74,69,363 | 18.89% | NA | |
| NII (HNI) Shares Offered | 56,02,022 | 15.00% | 14.17% | NA |
| Retail Shares Offered | 1,30,71,385 | 35.00% | 33.05% | 8,71,425 |
| Preferential Reservations | ||||
| Employee Shares Offered | 22,00,000 | 5.56% | NA | |
| Total Shares Offered | 3,95,46,814 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹11,475 |
| Retail (Max) | 17 | 255 | ₹1,95,075 |
| S-HNI (Min) | 18 | 270 | ₹2,06,550 |
| S-HNI (Max) | 87 | 1,305 | ₹9,98,325 |
| B-HNI (Min) | 88 | 1,320 | ₹10,09,800 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2006, Interglobe Aviation Ltd is India based aviation, hospitality and travel related service provider. Company own and operate 'IndiGo', India's largest airline with over 33% of domestic passenger market share.
IndiGo Airline, the low-cost airline carries the brand message of providing "low fares, on-time flights and a hassle-free experience" to air travelers in India.
IndiGo has scheduled services to 33 cities within India and 5 cities (Bangkok, Dubai, Kathmandu, Muscat and Singapore) internationally with 623 daily flights.
Company also has a joint venture with Accor Asia Pacific since 2004 to develop a network of 'ibis' hotels throughout India, Nepal, Sri Lanka and Bangladesh. With 10 ibis hotels open and 9 under development, the company shall have a portfolio of 19 operational hotels with room inventory of about 3500 rooms by 2017.
Company's Strengths
1. Largest market share in one of the largest and fastest growing aviation markets in the world
2. Maintain disciplined execution of the low-cost carrier business model with single aircraft type, high aircraft utilization, high operational reliability, no-frills product and low distribution costs.
3. A structural cost advantage. Large Airbus aircraft orders enable favorable terms on aircraft, engines and components. Company has Young, modern and fuel-efficient fleet.
4. Strong brand recognition
5. Company maintained consistent profitability and strong cash flow generation, balance sheet and liquidity position.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Retirement of certain outstanding lease liabilities and consequent acquisition of aircraf | 1,165.66 |
| 2 | Purchase of ground support equipment for our airline operations | 34.26 |
| 3 | General corporate purposes | 7.28 |
The IndiGo IPO is subscribed 6.15 times on October 29, 2015 8:30:00 PM (Day 3). The public issue subscribed 0.92 times in the retail category, 17.8 times in the QIB category, and 3.57 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 17.8 | 85,22,935 | |
| NII | 3.57 | 58,19,746 | |
| Retail | 0.92 | 1,35,79,407 | |
| Employee | 0.13 | 22,00,000 | |
| Total | 6.15 | 2,42,41,380 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | GCBRLMs’ and BRLMs’ fees and commission (including underwriting commission, brokerage and selling commission) | 85.74 |
| 2 | Commission / processing fee for SCSBs and Bankers to the Issue and Brokerage and selling commission for Registered Brokers | 6.00 |
| 3 | Registrar to the Issue | 0.03 |
| 4 | Other advisors to the Issue | 13.18 |
| 5 | Listing fees, SEBI filing fees, book building software fees | 5.53 |
| 6 | Printing and stationary | 3.36 |
| 7 | Advertising and marketing expenses | 12.66 |
| 8 | Miscellaneous | 10.68 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹765.00 | ₹765.00 |
| Open | ₹856.00 | ₹855.80 |
| Low | ₹848.10 | ₹849.00 |
| High | ₹898.00 | ₹899.50 |
| Last Trade | ₹878.45 | ₹877.25 |
Lead Manager Reports
InterGlobe Aviation IPO is a main-board IPO of 3,94,64,562 equity shares of the face value of ₹10 aggregating up to ₹3,017 Crores. The issue is priced at ₹765 per share. The minimum order quantity is 15.
The IPO opens on Tue, Oct 27, 2015, and closes on Thu, Oct 29, 2015.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in InterGlobe Aviation IPO using UPI as a payment gateway. Zerodha customers can apply in InterGlobe Aviation IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in InterGlobe Aviation IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The InterGlobe Aviation IPO opens on Tue, Oct 27, 2015 and closes on Thu, Oct 29, 2015.
InterGlobe Aviation IPO lot size is 15, and the minimum amount required for application is ₹11,475.
You can apply in InterGlobe Aviation IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for InterGlobe Aviation IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the InterGlobe Aviation IPO allotment status.
The InterGlobe Aviation IPO listing date is on Tue, Nov 10, 2015.
