Mumbai : InterGlobe Aviation Limited the promoter of profitable no-frills carrier would be hitting the capital market on Tuesday, 27th October, 2015.
The size of Offer for Sale by the promoters for issue of equity shares is 26.11 million shares. The Price Band is fixed from Rs. 700 to Rs. 765 per Equity Share.
The overall issue size is for Rs 3270 crore at the upper price band. IAL plans to reserve permissible quota for eligible employees and they will be offered discount quivalent to 10% on the final price.
Through this IPO, the company is diluting around 12% on the basis of post IPO equity.
The issue opens for subscription on October 27, 2015 and will close on October 29,2015. Minimum application to be made is for 15 shares and in multiples thereon, thereafter. Post allotment shares will be listed on BSE/NSE. Global co-cordinators/ BRLMs to the issue are Citigroup Global Markets India Pvt Ltd., J P Morgan India Pvt Ltd., Morgan Stanley India Co Pvt Ltd./ Barclays Bank PLC, Kotak Mahindra Capital Co Ltd., UBS Securities India Pvt Ltd. And registrar to the issue is Karvy Computershare Pvt Ltd.
