Aviation · Brand · Industry

Why Rakesh Jhunjhunwala is crazy about the IndiGo IPO .

Billionaire investor Rakesh Jhunjhunwala is crazy abount the indigo investment . And why not , the issu has already subscribed 6 times while the qualified institutional buyers (QIB) issue oversubscribed 19 times .80% of foreign investors bid for the (QIB) category The non institutional issue was oversubscribed 2.57% in this period .The retail investors were quite upbeat about the issue as they bid for 68% of the shares that were kept for them .

Interglobe is selling the share of its aviatio company at a price band of 700-765 per share . The oveall ipo can get them about 3,018 Cr of cash.

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