Stocks

InterGlobe IPO subscribed 1.55 times

Our Bureau MUMBAI | Updated on January 23, 2018

A view of IndiGo's Operations Control Centre in Gurgaon. Photo: Kamal Narang

The initial public offer of IndiGo’s parent InterGlobe Aviation was oversubscribed 1.55 times despite the tepid response from retail investors, HNIs and employees, on Day 2 of the share sale.

The oversubscription was due to good response from institutional investors who put in bids for 5.15 times the portion allocated for them (4.38 crore shares as against the reservation of 85.22 lakh shares).

Retail investors put in bids for only 19 per cent of their allocated portion of 1.35 crore shares while employees punched in bids for only 4 per cent of their share of 22 lakh shares.

Published on October 28, 2015

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