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InterGlobe Aviation Ltd IPO (IndiGo IPO) Detail

Oct 27, 2015 - Oct 29, 2015

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.

Company Promoters:

The promoters of the company are Mr Rahul Bhatia, Mr Rakesh Gangwal and InterGlobe Enterprises & Acquire Services.

Company Financials:

ParticularsFor the year/period ended (in Rs. Million)
31 Mar 1531 Mar 1431 Mar 1331 Mar 12
Total Income114,321.1894,402.3457,086.20
Profit After Tax (PAT)4,733.277,833.571,405.94

Objects of the Issue:

The Issue comprises the Fresh Issue and Offer for Sale.

Objects of the Offer for Sale

The proceeds from Offer for Sale (net of Issue related expenses incurred by the Selling Shareholders) will go to the Selling Shareholders and the Company will not receive any proceeds except reimbursement of Issue expenses incurred by the Company on behalf of the Selling Shareholders.

Objects of the Fresh Issue

Company proposes to utilize the funds which are being raised through the Fresh Issue for the following objects:

1. Retirement of certain outstanding lease liabilities and consequent acquisition of aircraft;
2. Purchase of ground support equipment for our airline operations; and
3. General corporate purposes,
4. To receive the benefits of listing of the Equity Shares on the Stock Exchanges.

IndiGo IPO Details

Issue OpenOct 27, 2015 - Oct 29, 2015
Issue TypeBook Built Issue IPO
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹3,018.24 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹1,272.20 Cr)
Offer for Sale22,824,018 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 Per Equity Share
Issue Price₹700 to ₹765 Per Equity Share
Market Lot15 Shares
Min Order Quantity15 Shares
Listing AtBSE, NSE

IndiGo IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum115₹11,475
Maximum17255₹195,075

IndiGo IPO Subscription Status (Bidding Detail)

IndiGo IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

8,522,935

5,819,746

13,579,407

2,200,000

24,241,380

Oct 29, 2015 20:30

17.80x

3.57x

0.92x

0.13x

6.15x

IndiGo IPO Prospectus

IndiGo IPO Rating

371
3.2
Rating:Rated 3.2 stars

Vote Here ...

IndiGo IPO Listing Date

Listing DateTuesday, November 10, 2015
BSE Script Code539448
NSE SymbolINDIGO
Listing InB
ISININE646L01027
Issue Price₹765 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹765.00
₹856.00
₹848.10
₹898.00
₹878.45
5,066,114
NSE
₹765.00
₹855.80
₹849.00
₹899.50
₹877.25
27,351,793

IndiGo IPO Reviews / Ratings

Company Contact Information

InterGlobe Aviation Ltd
Central Wing, Ground Floor,
Thapar House, 124 Janpath,
New Delhi - 110 001, India

Phone: +91 11 6500 0428
Email: investors@goindigo.in
Website: http://www.goindigo.in/

IndiGo IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

IndiGo IPO FAQs

  1. 1. What is IndiGo IPO?

    IndiGo IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹3,018.24 Crores.

    The issue price of the IPO is ₹700 to ₹765 Per Equity Share. The minimum order quantity is 15 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Oct 27, 2015 and closes on Oct 29, 2015.

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When IndiGo IPO will open?

    The IndiGo IPO opens on Oct 27, 2015 and closes on Oct 29, 2015.

  3. 3. How to apply for IndiGo IPO?

    IndiGo IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When IndiGo IPO allotment?

    The finalization of Basis of Allotment for IndiGo IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IndiGo IPO allotment status.

  5. 5. When is IndiGo IPO listing date?

    The IndiGo IPO listing date is on Tuesday, November 10, 2015, at BSE, NSE.
  6. 6. What is the lot size of IndiGo IPO?

    IndiGo IPO lot size is 15 Shares and the minimum order quantity is 15 Shares.

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IndiGo IPO Review / Comments

bullishtiger
331. bullishtiger  Feb 12, 2016 00:18
Boeing shares drop 11%
Will it impact indigo tomorrow ?
Eagleye
330. Eagleye  Feb 1, 2016 09:18
IPO Guru IPO Guru (5000+ Posts, 17100+ Likes)
List of Companies in Auto Ancillary Sector
Which have PE > Precision Camshaft:

Motherson Sumi
Shanthi Gears
Bosch
Sona Koyo Steer.
Sundaram Clayton
Minda Corp
Timken India
Wheels India
Fag Bearings
Suprajit Engg.
Automotive Axles
ANG Inds
SKF India
Lumax Auto Tech.
Amara Raja Batt.
Harita Seating
Subros
Shivam Autotech
Jamna Auto Inds.
NRB Bearings
Autolite (I)
JBM Auto
Hi-Tech Gears
India Motor Part
India Nipp.Elec.
Menon Bearings
Minda Inds.
Rane (Madras)
Fiem Inds.
Apex
330.1. Apex  Feb 1, 2016 09:28
Eagleye please provide latest gmp of monday
Eagleye
329. Eagleye  Jan 27, 2016 10:21
IPO Guru IPO Guru (5000+ Posts, 17100+ Likes)
Indigo VS Spicejet

What is Bothering Indigo?
Stock extends decline to 4th Day
Airbus Delay wipes $1.2 bn market cap
Leasing old planes will raise Indigo’s expenses
Pressure on ticket prices & INR depreciation to offlower oil price gains
Brokerages like Citi and Kotak cut TP on the stock by 8-10%

What is Boosting Spicejet ?
Reports a profit vs a loss in the previous qtr
Lower costs and operating expenses aide margins
Reduction in capacity has helped the co

Indigo vs Spicejet : Stock performance (YTD)
Indigo down 25%
Spicejet up 2.3%

Indigo vs Spicejet : ANR
Indigo 12 M TP Rs 1127.88/share
Spicejet 12 M TP Rs 83/share

Market Share
Indigo mkt share at 35.6 in dec from 36.4 in Jan
Spicejet market share at 12.7 in dc vs 9.4 in Jan

Passenger Factor (%)
Indigo PLF increases to 88.5 in Dec from 85.2 in Jan (up 4%)
Spicejet PLF increases to 92.1 in Dec from 80 in Jan (up 15)

PE for Q3FY16
Indigo: PE at 49.37
Spicejet: PE at 23.2
Septa
329.1. Septa  Jan 27, 2016 10:44
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
i have both the stock in my portfolio and bullish on both however i have sold 60% my holding in indigo after seeing 60% increase in value however spice jet has seen more return still holding and also one jet air and other few air line related companies given crude oil play
Chem cho
328. Chem cho  Jan 9, 2016 13:35
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
MINT PAPER NEWS
PAGE 1
Eagleye
328.1. Eagleye  Jan 22, 2016 12:51
IPO Guru IPO Guru (5000+ Posts, 17100+ Likes)
Will Indigo hit lower circuit today ?
Eagleye
327. Eagleye  Dec 21, 2015 20:47
IPO Guru IPO Guru (5000+ Posts, 17100+ Likes)
Kotak Initiate on InterGlobe Aviation - Flying high. 

*We expect India’s domestic air-travel demand to proliferate in FY2015-18E(expect 19% CAGR) on account of (1) narrowing gap between rail and air fares and (2) expected pick-up in economic activity.

*IndiGo will be the prime beneficiary of this trend given (1) its dominant position in the space and (2) lack of capacity with its peers.

*Strong PAT CAGR of 41% in FY2015-18E should enable high FCF generation and dividend payout and attract premium valuations for the company.

*We initiate coverage with a BUY rating and TP of Rs1,420, based on 15X September 2017E EPS.
Parmanand Jethani
327.1. Parmanand Jethani  Jan 7, 2016 14:39
Allotment Of IPO can be checked after five years.What is max time period for this.
Regards
Parmanand Jethani
Hemant
326. Hemant  Dec 11, 2015 12:26
Hi all,

I''m new here, even in IPOs also. I was reading red herring prospectus of NHL.
As per page 18, there are 10 criminal cases against company/subsidiaries, 1 against promoters, 8 against directors, many other legal cases are there in which NHL is involved. Amount involves ~43 cr ( excludes cost and interest claimed). As per risk factor section, there are many risk factors involved. Also in FY15 consolidated financials of NHL are not good, even suffered losses in FY15.

As per my understanding this can''t be good investment.

(All this information is from red herring prospectus)
Eagleye
326.1. Eagleye  Dec 20, 2015 14:42
IPO Guru IPO Guru (5000+ Posts, 17100+ Likes)
Bhav Bhagwaan !
JIGNESH SANGHAVI
325. JIGNESH SANGHAVI  Nov 28, 2015 15:17
Alchem gmp 142 145 please update? ??
Irrational
324. Irrational  Nov 27, 2015 15:38
@Septa: Correct me if i am wrong..

Indigo had profit of 640 Crs in Q1. Considering just 5% of growth in net profit each quarter the total profit comes 2757 Crs for the whole year FY16.

1) Fuel prices are low and will remain low there should not be any instability
2) This is the fastest growing business in India currently

Now considering all above scenarios, what should be the PE of INDIGO

~ 20 = 2757*20 = 55140
~ 25 = 2757*25 = 68925
~ 30 = 2757*25 = 82710

* Now the best part, the company is aslight, lots of profit should flow down as dividend.
Septa
324.1. Septa  Nov 27, 2015 22:40
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
MC of 55140 is little bit rich IMO then market is irrational i have start selling sold 30% at average Rs1125 still hold 1500 share next kick would be quarterly result
Chandravadan
323. Chandravadan  Nov 26, 2015 17:19
Dear Septa,

I congratulate you on your comment which you posted few day ago of indigo listing as

"just a analysis based on JEJU aviation listing where market has given a premium of 60%....
JEJU this company is loss making company however this year bcoz of crude price will make a profit of 221 crs and MC of 1.14 Indigo in number plane is 5 times big then JEJU in number of flights a day it 6 time big and on profit front it is 13.5 times big...... now let see what valuation we get anything over 6 billion.... if we get 60% premium as JEJU got the share price will be RS 1275....."

You are really genius, although I have not applied for indigo but I like your observations and comments on this websites.

thanks,

Chandravadan Jani.
IndianTrader
323.1. IndianTrader  Nov 26, 2015 21:04
Yes, Mr Jani, I also agree with you. I followed him and got the profit. Thanks Septa.. Regards
Septa
323.2. Septa  Nov 27, 2015 09:49
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
Thank u and happy investing.
Prashanth Shiva
322. Prashanth Shiva  Nov 24, 2015 15:20
Health care global- HCG is coming IPO. It is good as far as i know
dar
321. dar  Nov 21, 2015 22:52
Please tell me about New iipo date
B. Srinivasan
320. B. Srinivasan  Nov 20, 2015 16:15
I applied for 3 lot @ 765 and money was deduct from my account but there was no shares allotted to me and I just want to know when will I get my money back?
B. Srinivasan
320.2. B. Srinivasan  Nov 21, 2015 17:55
Pl, advice how to get the shares that what I bid?
lalit p
320.3. lalit p  Nov 26, 2015 09:48
B. Srinivasan,

First of all check the IPO allotment status and see what''s the status you see.
Tell me the result, will try to help you..

RAJPAN
319. RAJPAN  Nov 19, 2015 16:26
Presently, I don''t find much comment from our experts.
Probably, Indigo''s performance has stunned most of our friends.
Anyway, it is a good platform to have positive attitude to make profit for all our friends. Thanks. Any New IPO in near future.
Irrational
318. Irrational  Nov 16, 2015 19:56
INDIGO is getting in FTSE indices from 18-Nov-15. Details below:

http://www.ftse.com/products/index-notices/home/getnotice/?id=1359691
Irrational
318.2. Irrational  Nov 17, 2015 14:43
That was only for information. Only things which can impact the stock price of Indigo are Greed, Fear & Liquidity. Cheers !!
IndianTrader
318.3. IndianTrader  Nov 17, 2015 21:25
Thanks a lot irrational, I would add your three points very first for each trading. Regards,
Seshasai
317. Seshasai  Nov 16, 2015 10:36
INDIGO is at Rs1003.is it still a good price to enter?
k.p
316. k.p  Nov 16, 2015 08:37
1105 today plz wite
....& shk 255.....
Lund piki
Vivi
315. Vivi  Nov 13, 2015 18:34
Wtf is happening with Indigo. It''s just not stopping...
Septa
315.1. Septa  Nov 13, 2015 21:55
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
FTSE inclusion boosts IndiGo stock today this big positive given that now FII MF need to have indigo in it portfolio as a index based fund.... my second target price is 1075 which i though would come in 3 to 6 months which came close today.... will book some more profit waiting for alike hope it is priced right and leave a lot for RII
SONMAYA
314. SONMAYA  Nov 13, 2015 13:48
Top Contributor Top Contributor (300+ Posts)
INDIGO....975....CURRENTLY
SAN
313. SAN  Nov 13, 2015 10:14
Sold all holding at 962
pinkyjain
312. pinkyjain  Nov 12, 2015 23:42
Indigo soon 1200 this month
Stay invested
IPO GRUP
312.1. IPO GRUP  Nov 13, 2015 11:25
ndigo mr pahale to bolte the discount me jayega abhi Q gumte ho ???



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