Chittorgarh.com Logo
Loading...

IndiGo IPO Details

Issue Open Oct 27, 2015
Issue Close Oct 29, 2015
IPO Price ₹765
Face Value ₹10
IPO Size ₹3,018.24 Cr
Listing At BSE, NSE
IPO Lot Size 15

InterGlobe Aviation Limited

Our Company was incorporated on January 13,2004 in Lucknow under the Companies Act, 1956 with the Registrar of Companies, Uttar Pradesh and Uttaranchal at Kanpur as 'InterGlobe Aviation Private Limited'. The name of our Company was changed to 'Inter Globe Aviation Limited' on August 11,2006, The registered office was subsequently state of Uttar Pradesh to the National Capital Territory of Delhi with effect from September 6,2004 and such alteration was confirmed by the order of the Company Law Board dated September 1, 2004. The registered office was changed within the National Capital Territory of Delhi to its current place on October 1, 2006. For details of change in the name and registered office of our Company, please see the chapter 'History and Other Corporate Matters' beginning on page 209 of the Prospectus dated October 30,2015 ('Prospectus').

Registered Office: Central Wing, Ground Floor, Thapar House, 124 Janpath, New Delhi -110 001, India; Tel: +91 11 6500 0428; Fax: +91 11 4351 3200; Corporate Office: Levels 1-5, Tower-C, Global Business Park, M.G. Road, Gurgaon - 122 002, Haryana, India; Tel: +91 124 435 2500; Fax: +91 124 406 8536; Contact Person. Suresh Kumar Bhutani, Company Secretary and Compliance Officer; Tel: +91 124 485 2158; Fax: +91 124 426 8664; E-mail: investors@goindigo.in; Website: www.goindigo.in; Corporate Identity Number: U62100DL2004PLC129768.

PROMOTERS OF OUR COMPANY: MR. RAHUL BHATIA, MR. RAKESH GANGWAL, ACQUIRE SERVICES PRIVATE LIMITED AND INTERGLOBE ENTERPRISES LIMITED.

The Equity Shares are proposed to be listed on the BSE Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') and the trading will commence on or about November 10,2015.
INITIAL PUBLIC OFFERING OF 39,546,814 EQUITY SHARES OF FACE VALUE RS 10 EACH ('EQUITY SHARES') OF INTERGLOBE AVIATION LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 765 PER EQUITY SHARE ( INCLUDING A SHARE PREMIUM OF RS 755 PER EQUITY SHARE) AGGREGATING RS 30,085 MILLION CONSISTING OF A FRESH ISSUE OF 16,722,796 EQUITY SHARES BY OUR COMPANY AGGREGATING RS 12,722 MILLION ('FRESH ISSUE') AND AN OFFER FOR SALE OF 22,824,018 EQUITY SHARES COMPRISING 3,290,419 EQUITY SHARES BY INTERGLOBE ENTERPRISES LIMITED, 3,006,000 EQUITY SHARES BY MR. RAHUL BHATIA, 2,741,287 EQUITY SHARES BY MR. RAKESH GANGWAL, 601,200 EQUITY SHARES BY MR. ANIL CHANANA, 149,900 EQUITY SHARES BY DR. ASHA MUKHERJEE, 300,600 EQUITY SHARES BY MR. KUNAL CHANANA, 6,012,000 EQUITY SHARES BY MR. NEWTON BRUCE ASHBY, 100,200 EQUITY SHARES BY MR. SANJAY KUMAR, 84,000 EQUITY SHARES BY MR. SHAKTI SWARUP LUMBA, 1,169,142 EQUITY SHARES BY MS. SHOBHA GANGWAL, 1,442,000 EQUITY SHARES BY MR. STEVEN EUGENE HARFST, 1,503,000 EQUITY SHARES BY PAUL CARL SCHORR, IV (NOMINEE OF G5 INVESTMENTS) AND 2,424,270 EQUITY SHARES BY THE CHINKERPOO FAMILY TRUST (TRUSTEE: MS. SHOBHA GANGWAL & J. P. MORGAN TRUST COMPANY OF DELWARE) (COLLECTIVELY REFERRED TO AS THE 'SELLING SHAREHOLDERS') AGGREGATING RS 17,363 MILLION ('OFFER FOR SALE'). THE FRESH ISSUE AND THE OFFER FOR SALE ARE TOGETHER REFERRED TO AS THE 'ISSUE'.
THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 11.0 % AND 10.4 %, RESPECTIVELY, OF THE POST-ISSUE PAIDUP  EQUITY SHARE CAPITAL OF OUR COMPANY.

Issue Price:
Rs 765 PER EQUITY SHRRE OF FACE VALUE OF RS 10 EACH
THE ISSUE PRICE IS 76.5 TIM6S OF TH€ FACE VALUE

ANCHOR INVESTORS ISSUE PRICE: RS 765 PER EQUITY SHARE

BID/ISSUE OPENED ON* TUESDAY, OCTOBER 27, 2015
BID/ISSUE CLOSED ON THURSDAY, OCTOB6R 29, 2015
ANCHOR INVESTOR BID/ISSUE PERIOD: OCTOBER 26, 2015

*Our Company and the Selling Shareholders, in consultation with the GCBRLMs and BRLMs, are offering a discount of 10% (equivalent of Rs.76.5) on the Issue Price to Eligible Employees. Our Company and the Selling Shareholders have, in consultation with the GCBRLMs and the BRLMs, considered participation by Anchor Investors. The Anchor Investor Bidding Date was one Working Day prior to the Bid/Issue Opening Date.

In terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended (the 'SCRR') read with Regulation 41 of the ICDR Regulations, this Issue is being made for at least 10% of the post-Issue paid-up Equity Share capital of our Company. The Issue is being made through the Book Building Process in compliance with the provisions of Regulation 26(1) of the ICDR Regulations, wherein 50% of the Net Issue was available for allocation to Qualified Institutional Buyers ('QIBs'). Our Company, in consultation with the Selling Shareholders, the GCBRLMs and the BRLMs, has allocated up to 60% of the QIB Category to Anchor Investors (the 'Anchor Investor Portion') at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third has been allocated to domestic Mutual Funds only. Such number of Equity Shares representing up to 5% of the QIB Category (excluding Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remaining QIB Category shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above Issue Price. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Investors and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Investors, subject to valid Bids being received from them at or above the Issue Price#, such that subject to availability of Equity Shares, each Retail Individual Investor shall be Allotted not less than the minimum Bid Lot, and the remaining Equity Shares, if available, shall be allotted to all Retail Individual Investors on a proportionate basis. Further, 2,200,000 Equity Shares have been reserved for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received at or above the Issue price. All QIBs (other than Anchor Investors) and Non-Institutional Investors must compulsorily, and Retail Individual Investors and Eligible Employees could optionally, participate in this Issue though the ASBA process by providing the details of their respective bank accounts in which the corresponding Bid Amounts were blocked by the SCSBs. Specific attention of investors is invited to the chapter 'Issue Procedure' beginning on page 502 of the Prospectus.
#Discount of Rs.76.5 per Equity Share to the Issue Price has been offered to Eligible Employees

Pursuant to the Employee Reservation Portion being undersubscribed in the Issue, the final Issue size is Rs.30,171 million and the net Issue size is Rs.30,000 million. The total number of Equity Shares outstanding after the Issue are 360,356,544 Equity Shares. Accordingly, The Equity Shares which are being locked-in are eligible for computation of Promoters' contribution in accordance with the provisions of the ICDR Regulations is as below:

Date of
Transaction and when made fully paid-up

Nature of Transaction Nature of consideration Number of Equity Shares
locked-in*
Face Value Issue/ Acquisition
Price per Equity Share (Rs.)
Percentage of
post-Issue paid-up Equity Share Capital (%)
Mr.RakeshGangwal
June 25,2015 Bonus issue N.A. 35,463,1821 10 Nil 9.8%
InterGlobe Enterprises
June 25,2015 Bonus issue N.A. 36,608,127 10 Nil 10.2%

*Except as disclosed under 'Capital Structure - Equity Share Capital History' on page 95 of the Prospectus, none of the Equity Shares acquired by our Promoters were partly paid up at the time of allotment. All the above Equity Shares are fully paid-up as on the date of the Prospectus.

The Issue and the net Issue will constitute 11% and 10.9% respectively of 'the post issue paid-up equity. The Issue received 135,224 applications for 195,472,950 Equity Shares (prior to technical rejections) resulting in 4.95 times subscription. Under-subscription in the retail category has been allowed to be met with spill-over from QIB category and NIB category in the proportion of their tranches. Under- subscription in the Employee Reservation Portion has been added back to the Net Issue Portion. The details of the applications received in the Issue from various categories are as under: (before technical rejections):

SI
No

Category

No. of
Applications
No. of
Equity Shares
No. of times
Subscribed
Amount Shares
Reserved
A Retail Individual Bidders 133,240 12.365,235 1.02 9,470,022,551.00 12,155,115
C Non Institutional Bidders 345 20,716,680 3.32 15,848,274,015.00 6,244,809
D Qualifies Institutional
Bidders (Excluding Anchors)
136 150,870,090 15.18 115,890,218,325.00 9,939,813
E Anchor Investors 43 11,249,505 1.03 8,605,871,325.00 10,876,215
B Employee Reservation Category Bidders 1,460 271,440 1.09 187,253,487.00 248,610
Total 135,224 195,472,950 4.95 150,001,639,703.00 39,464,562

Final Demand
A summary of the final demand as per the NSE and BSE as on the Bid/Issue Closing Date at different Bid prices is as

SI No Bid
Price
Bids
Quantity
(%) to
Total
Cumulative
Total
% Cumulative
Total
1 700 2,639,790 1.41 2,639,790 1.41
2 701 7,860 0.00 2,647,650 1.41
3 702 2,325 0.00 2,649,975 1.41
4 703 615 0.00 2,650,590 1.41
5 704 255 0.00 2,650,845 1.41
6 705 5,835 0.00 2,656,680 1.42
7 706 915 0.00 2,657,595 1.42
8 707 195 0.00 2.657,790 1.42
9 708 330 0.00 2,658,120 1.42
10 709 105 0.00 2,658,225 1.42
11 710 29.910 0.02 2.688.135 1.43
12 711 510 0.00 2.688,645 1.43
13 712 300 0.00 2,688,945 1.43
14 713 0 0.00 2,688,945 1.43
15 714 105 0.00 2,689.050 1.43
16 715 5,760 0.00 2,694,810 1.44
17 716 150 0.00 2.694.960 1.44
18 717 135 0.00 2.695.095 1.44
19 718 90 O,00 2.695.185 1.44
20 719 345 0.00 2.695.530 1.44
21 720 17,595 0.01 2,713,125 1.45
22 721 420 0.00 2,713,545 1.45
23 722 135 0.00 2.713.680 1.45
24 723 60 0.00 2,713,740 1.45
25 724 0 0.00 2.713.740 1.45
26 725 22,620 0.01 2,736,360 1.46
27 726 315 0.00 2,736,675 1.46
28 727 525 0.00 2,737,200 1.46
29 728 75 0.00 2.737.275 1.46
30 729 825 0.00 2,738,100 1.46
31 730 22,140 0.01 2,760,240 1.47
32 731 465 0.00 2.760.705 1.47
33 732 840 0.00 2,761.545 1.47
34 733 1,470 0.00 2,763,015 1.47
35 734 375 0.00 2.763.390 1.47
36 735 54,315 0.03 2,817,705 1.50
37 736 300 0.00 2.818.005 1.50
38 737 60 0.00 2,818,065 1.50
39 738 676 0.00 2.818.740 1.50
40 739 30 0.00 2.818.770 1.50
41 740 19,875 0.01 2,838,645 1.51
42 741 240 0.00 2.838,885 1.51
43 742 60 0.00 2,838,945 1.51
44 743 270 0.00 2,839,215 1.51
45 744 195 0.00 2,839,410 1.52
46 745 8,655 0.00 2,848,065 1.52
47 746 60 000 2,848,125 1.52
48 747 735 0.00 2.848,860 1.52
49 748 150 0.00 2,849,010 1.52
50 749 255 0.00 2,849,265 1.52
51 750 272,745 0.15 3.122,010 1.67
52 751 840 0.00 3.122,850 1.67
53 752 540 0.00 3,123,390 1.67
54 753 120 0.00 3,123,510 1.67
55 754 60 0.00 3,123,570 1.67
56 755 10,035 0.01 3,133,605 1.67
57 756 120 0.00 3,133,725 1.67
58 757 165 0.00 3,133.890 1.67
59 758 585 0.00 3.134,475 1.67
60 759 390 0.00 3.134,865 1.67
61 760 14,280 0.01 3,149.145 1.68
62 761 345 0.00 3,149,490 1.68
63 762 645 0.00 3,150,135 1.68
64 763 2.670 0.00 3.152,805 1.68
65 764 3,135 0.00 3,155,940 1.68
66 765 172,508,160 92.05 175,664,100 93.73
67 CUTOFF 11,745,765 6.27 187,409,865 100.00
TOTAL 187,409,865 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on November 05,2015.

A. Allotment to Retail Individual Bidders (After Technical Rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs.765 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of  0.885581 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 12,155,115 Equity Shares to 129,353 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of
Applications Received
% of
Total
Total No. of
Equity Shares applied
% to
Total
No. of Equity Shares
allotted per applicant
Ratio Total No. of
Equity Shares allotted
15 64,136 49.58 962,040 7.91 15 1:1 962,040
30 9,788 7.57 293,640 2.42 30 1:1 293,640
45 3,990 3.08 179,550 1.48 45 1:1 179,550
60 3,921 3.03 235.260 1.94 60 1:1 235,260
75 1,844 1.43 138,300 1.14 75 1:1 138,300
90 1.511 1.17 135,990 1.12 90 1:1 135,990
105 1,566 1.21 164,430 1.35 105 1:1 164,430
120 2,483 1.92 297,960 2.45 120 1:1 297,960
135' 2,221 1.72 299,835 2.47 135 1:1 299,835
150 1.286 0.99 192.900 1.59 150 1:1 192,900
165 152 0.12 25.080 0.21 165 1:1 25,080
180 228 0.18 41.040 0.34 180 1:1 41,040
195 389 0.30 75,855 0.62 195 1:1 75,855
210 284 0.22 59,640 0.49 210 1:1 59,640
225 297 0.23 66,825 0.55 225 1:1 66,825
240 251 0.19 60.240 0.50 240 1:1 60,240
255 35,006 27.06 8,926,530 73.44 255 1:1 8,926,530
TOTAL 129,353 100.00 12,155,115 100.00 12,155,115

B. Allotment to Non-Institutional Bidders (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Issue Price of  Rs 765 per Equity Share or above, was finalized in consultation with the NSE. This category has been subscribed to the extent of 3.315157 times. The total number of Equity Shares Allotted in this category is 6,244,809 Equity Shares to 319 successful applicants. The category-wise details of the Basis of Allotment are as under (Sample):

Category No. of
Applications
Received
% of
Total
Total No. of
Equity Shares
applied
% to
Total
No. of
Equity Shares
allotted per
applicant
Ratio Total No. of
Equity
Shares
allotted
270 13 4.08 3,510 0.02 81 1:1 1,053
300 20 6.27 6,000 0.03 90 1:1 1.800
315 2 0.63 630 0.00 95 1:1 190
330 3 0.94 990 0.00 100 1:1 300
360 1 0.31 360 0.00 109 1:1 109
375 3 0.94 1,125 0.01 113 1:1 339
390 7 2.19 2,730 0.01 118 1:1 826
405 4 1.25 1,620 0.01 122 1:1 488
435 3 0.94 1,305 0.01 131 1.1 393
450 4 1.25 1,800 0.01 136 1:1 544
495 7 2.19 3,465 0.02 149 1:1 1,043
510 7 2.19 3,570 0.02 154 1:1 1,078
525 1 0.31 525 0.00 158 1:1 158
540 1 0.31 540 0.00 163 .1:1 163
570 1 0.31 570 0.00 172 1:1 172
585 1 0.31 585 0.00 176 1:1 176
600 5 1.57 3,000 0.01 181 1:1 905
645 13 4.08 8,385 0.04 195 1:1 2,535
660 5 1.57 3,300 0.02 199 1:1 995
675 2 0.63 1,350 0.01 204 1:1 408
705 1 0.31 705 0.00 213 1:1 213
720 1 0.31 720 0.00 217 1:1 217
735 1 0.31 735 0.00 222 1.1 222
750 5 1.57 3,750 0.02 226 1:1 1,130
765 1 0.31 765 0.00 231 1:1 231
780 3 0.94 2,340 0.01 235 1:1 705
810 1 0.31 810 0.00 244 1:1 244
840 1 0.31 840 0.00 253 1:1 253
870 1 0.31 870 0.00 262 1:1 262
900 2 0.63 1,800 0.01 271 1:1 542
915 2 0.63 1.830 0.01 276 1:1 552
975 1 0.31 975 0.00 294 1:1 294
1005 3 0.94 3,015 0.01 303 1:1 909
1020 2 0,63 2,040 0.01 08 1:1 616
1035 2 0.63 2,070 0.01 12 1:1 624
1050 4 1.25 4,200 0.02 317 1:1 1,268
1110 1 0.31 1,110 0.01 335 1:1 335
1155 2 0.63 2,310 0.01 348 1:1 696
1170 2 0.63 2,340 0.01 353 1:1 706
1200 1 0.31 1,200 0.01 362 1:1 362
1275 1 0.31 1,275 0.01 385 1:1 385
1290 2 0.63 2,580 0.01 389 1:1 778
1305 26 8.15 33,930 0.16 394 1:1 10,244
1350 1 0.31 1,350 0.01 407 1:1 407
1485 1 0.31 1,485 0.01 448 1:1 448
1500 5 1.57 7,500 0.04 452 1:1 2,260
1575 1 0.31 1,575 0.01 475 1:1 475
1605 1 0.31 1,605 0.01 484 1:1 484
1650 1 0.31 1,650 0.01 498 1:1 498
1680 1 0.31 1,680 0.01 507 1:1 507
1710 1 0.31 1,710 0.01 516 1:1 516
1770 1 0.31 1,770 0.01 534 1:1 534
1830 2 0.63 3,660 0.02 552 1:1 1,104
1950 3 0.94 5,850 0.03 588 1:1 1,764
2010 2 0.63 4,020 0.02 606 1:1 1,212
2475 2 0.63 4,950 0.02 747 1:1 1,494
2520 1 0.31 2,520 0.01 760 1:1 760
2550 1 0.31 2,550 0.01 769 1:1 769
2595 1 0.31 2,595 0.01 783 1:1 783
2610 6 1.88 15,660 0.08 787 1:1 4,722
2895 1 0.31 2,895 0.01 873 1:1 873
3000 1 0.31 3,000 0.01 905 1:1 905
3150 1 0.31 3,150 0.02 950 1:1 950
3165 1 0.31 3,165 0.02 955 1:1 955
3255 5 1.57 16.275 0.08 982 1:1 4,910
3270 2 0.63 6,540 0.03 986 1:1 1,972
3300 1 0.31 3,300 0.02 995 1:1 995
3795 1 0.31 3.795 0.02 1145 1:1 1,145
3900 1 0.31 3,900 0.02 1176 1:1 1,176
3930 1 0.31 3,930 0.02 11B5 1:1 1,185
4050 2 0.63 8,100 0.04 1222 1:1 2,444
4080 1 0.31 4,080 0.02 1231 1:1 1,231
4500 1 0.31 4,500 0.02 1357 1:1 1,357
4545 1 0.31 4,545 0.02 1371 1:1 1,371
4575 1 0.31 4.575 0.02 1380 1:1 1.380
4995 1 0.31 4,995 0.02 1507 1:1 1,507
5010 1 0.31 5,010 0.02 1511 1:1 1,511
5100 2 0.63 10,200 0.05 1538 1:1 3,076
5220 3 0.94 15,660. 0.08 1575 1:1 4,725
5250 1 0.31 5,250 0.03 1584 1:1 1.584
5655 1 0.31 5,655 0.03 1706 1:1 1,706
5880 9 2.82 52,920 0.26 1774 1:1 15,966
6285 1 0.31 6,285 0.03 1896 1:1 1,896
6525 6 1.88 39.150 0.19 1968 1:1 11,808
6540 1 0.31 6,540 0.03 1973 1:1 1,973
7065 1 0.31 7.065 0.03 2131 1:1 2,131
7500 1 0.31 7,500 0.04 2262 1:1 2,262
8070 1 0.31 8,070 0.04 2434 1:1 2,434
8250 1 0.31 8.250 0.04 2489 1:1 2,489
8550 1 0.31 8,550 0.04 2579 1:1 2,579
9150 1 0.31 9,150 0.04 2760 1:1 2,760
9990 1 0.31 9,990 0.05 3013 1:1 3,013
10320 1 0.31 10,320 0.05 3113 1:1 3,113
11010 1 0.31 11,010 0.05 3321 1:1 3,321
12990 1 0.31 12,990 0.06 3918 1:1 3,918
13065 6 1.88 78,390 0.38 3941 1:1 23,646
13110 1 0.31 13,110 0.06 3955 1:1 3,955
13500 1 0.31 13,500 0.07 4072 1:1 4,072
14250 1 0.31 14,250 0.07 4298 1:1 4,298
15000 2 0.63 30,000 0.14 4525 1:1 9,050
16080 1 0.31 16,080 0.08 4850 1:1 4,850
18600 1 0.31 18,600 0.09 5611 1:1 5.611
19605 1 0.31 19,605 0.09 5914 1:1 5,914
26130 6 1.88 156,780 0.76 7882 1:1 47,292
30435 1 0.31 30,435 0.15 9181 1:1 9,181
Category No. of
Applications
Received
% of
Total
Total No. of
Equity Shares applied
% to
Total
No. of Equity Shares
allotted per applicant
Ratio Total No. of
Equity
Shares allotted
32700 1 0.31 32,700 0.16 9864 1:1 9,864
42000 1 0.31 42,000 0.20 12669 1:1 12,669
45000 1 0.31 45.000 0.22 13574 1:1 13.574
49620 1 0.31 49.620 0.24 14968 1:1 14,968
50025 1 0.31 50,025 0.24 15090 1:1 15,090
52275 1 0.31 52,275 0.25 15768 1:1 15,768
54000 1 0.31 54,000 0.26 16289 1:1 16,289
65355 1 0.31 65,355 0.32 19714 1:1 19,714
65400 2 0.63 130.800 0.63 19728 1:1 39.456
82800 1 0.31 82,800 0.40 24976 1:1 24,976
100005 1 0.31 100,005 0.48 30166 1:1 30,166
129000 2 0.63 258,000 1.25 38912 1:1 77,824
. 130710 1 0.31 130,710 0.63 39428 1:1 39,428
130725 2 0.63 261,450 1.26 39433 1:1 78,866
163395 1 0.31 163,395 0.79 49287 1:1 49,287
184095 1 0.31 184,095 0.89 55531 1:1 55,531
196065 1 0.31 196,065 0.95 59142 1:1 59,142
261435 2 0.63 522,870 2.53 . 78861 1:1 157,722
300000 1 .0.31 300,000 1.45 90493 1:1 90,493
325995 2 0.63 651,990 3.15 98335 1:1 196,670
326790 2 0.63 653,580 3.16 98575 1:1 197,150
392145 1 0.31 392,145 1.89 118289 1:1 118,289
600000 1 0.31 600,000 2.90 180987 1:1 180,987
653580 1 0.31 653,580 3.16 197149 1:1 197,149
654990 1 0.31 654,990 3.16 197574 1:1 197,574
675000 1 0.31 . 675.000 3.26 203610 1:1 203.610
679725 1 0.31 679,725 3.28 205036 1:1 205,036
900000 1 0.31 900.000 4.35 271480 1:1 271.480
980400 1 0.31 980,400 4.74 295733 1:1 295,733
1231890 1 0.31 1,231,890 5.95 371593 1:1 371,593
1250055 1 0.31 1,250,055 6.04 377073 1:1 377,073
1350000 1 0.31 1,350,000 6.52 407221 1:1 407,221
1568625 2 0.63 3,137,250 15.15 473168 1:1 946,336
3279991 1 0.31 3.279.990 15.84 989391 1:1 989,391
Total 319 100.00 20,702,520 100.00 6,244,809

C. Allotment to Employee (After Technical Rejections)

The Basis of Allotment to the Employee Bidders, who have bid at the Issue Price of Rs 688.50 per Equity Share or above, was finalized in consultation with the NSE. This category has been subscribed to the extent of 0.113005 times. The total number of Equity Shares Allotted in this category is 248,610 Equity Shares to 1,266 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of
Applications
Received
% of
Total
Total No. of
Equity
Shares applied
% to
Total
Equity Shares
allotted per applicant
Ratio Total no. of
Shares allotted
15 88 6.95 1,320 0.53 15 1:1 1,320
30 79 6.24 2,370 0.95 30 1:1 2,370
45 56 4.42 2,520 1.01 45 1:1 2,520
60 40 3.16 2,400 0.97 60 1:1 2,400
75 50 3.95 3,750 1.51 75 1:1 3,750
90 25 1.97 2.250 0.91 90 1:1 2.250
105 26 2.05 2.730 1.10 105 1:1 2.730
120 26 2.05 3,120 1.25 120 1:1 3,120
135 20 1.58 2,700 1.09 135 1:1 2,700
150 93 7.35 13.950 5.61 150 1:1 13.950
165 8 0.63 1.320 0.53 165 1:1 1.320
180 7 0.55 1.260 0.51 180 1:1 1.260
195 9 0.71 1.755 0.71 195 1:1 1.755
210 21 1.66 4.410 1.77 210 1:1 4.410
225 15 1.18 3,375 1.36 225 1:1 3,375
240 4 0.32 960 0.39 240 1:1 960
255 21 1.66 5,355 2.15 255 1:1 5,355
270 11 0.87 2.970 1.19 270 1:1 2.970
285 667 52.69 190,095 76.46 285 1:1 190,095
TOTAL 1,266 100.00 248,610 100.00 248,610

D: Allotment to QIBs (excluding Anchor Investors)

Allotment to QIBs, who have Bid at the Issue Price of Rs. 765 per Equity Share or above, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 15.16 times of Net QIB portion. As per theSEBI Regulations, Mutual Funds wereAllotted 496,991 of the Equity Shares of Net QIB portion available i .e. 496,991 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 9,442,822 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB category is 9,939,813 Equity Shares, which were allotted to 131 successful Applicants.The category- wise details of the Basis of Allotment are as under:

Category Fls/Banks MFs ICs Others AIF Fll Total
QIB 82,187 1,847,235 51,111 8,218 0 7,951,062 9,939,813

D. Allotment to Anchor lnvestors

The Company and Selling Shareholders have allotted 10,876,215 Equity Shares to 43 Anchor Investors, in consultation with the GCBRLMs and the BRLMs. In accordance with the SEBI Regulations, this represents 55.47% of the QIB Portion before overflow.

Category Fls/Banks MFs ICs VCs AIF/FPC Fll Total
Anhcor - 1,105,050 - - - 9,771,165 10,876,215

The Board of Directors of our Company at its meeting held on November 05,2015, has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and Allotment Advice have been dispatched to the address of the investors as registered with the depositories on or before November 07, 2015. Further, instructions to the SCSBs have been dispatched/mailed on November 05,2015. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Orders have been over-printed with the bank account details as registered, if any, with the depositories. The Equity Shares allotted to the successful allottees have been uploaded on November 06, 2015 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps to get the Equity Shares admitted for trading on the NSE and BSE within 12 working days of the Bid/Issue Closing Date.

All the capitalized terms used and not specifically defined shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue, Karvy Computershare Private Limited at http://www.karisma.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, Serial number of the Bid-Cum-Application form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District Nanakramguda, Hyderabad-500 032, India
Tel:+91 40 6716 2222, Fax:+91 40 23431551,
Email: einward.ris@karvy.com, Website: www.karisma.karvy.com
Investor grievance email: indigo.ipo@karvy.com, Contact Person: Mr. M Murali Krishna
SEBI Registration No.: INR000000221

Place: New Delhi
Date: November 06,2015
For INTERGLOBE AVIATION LIMITED
on behalf of Board of Directors
Sd/-
Company Secretary

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OFTHE EQUITY SHARES ON LISTING ORTHE BUSINESS PROSPECTS OF INTERGLOBEAVIATION LIMITED.

IndiGo IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in IndiGo IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The IndiGo IPO basis of allotment (published above) tells you how shares are allocated to you in IndiGo IPO and category wise demand of IPO share.

Visit the IndiGo IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in IndiGo IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).