IndiGo Airlines Planning to Raise Rs. 2500 Crore via IPO

Filed in Gather Travel Essential by on November 11, 2010 0 Comments

Low cost carrier IndiGo which recently earned highest profits in the airline sector in recent years is planning to raise the biggest IPO amongst airlines.

According to the sources, Indigo’s IPO size may be in the region of Rs. 2000 – 2500 crore. Till now Jet Airways IPO was the biggest in terms of size where the airline raised over Rs. 1800 crore.

IndiGo has grown rapidly and grabbed one of the biggest shares amongst low cost airlines in just four years of it’s operations. And recently it took analysts by surprise as the company reported revenues of Rs. 2664.5 crore and a profit of Rs. 551 crore.

<!–LINK REMOVED –>IndiGo Airlines<!–END LINK REMOVED –> started its operations with a 100 aircraft order from airbus whose delivery will be complete in 2016 but the airline has already got government approval for buying additional 150 aircrafts.

IndiGo’s IPO which is likely to hit the market in first half of next year is likely to lead to a big re-evaluation of the country’s aviation sector.

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