IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
Bank shares were the top gainers led by ICICI Bank.
According to the annual report, Ronojoy Dutta's remuneration package includes a gross annual salary of $1.27 million, which would be payable in rupees. Also, he is entitled for a commitment bonus payout. In FY20, he received a remuneration of Rs 11.4 crore in his role as CEO and whole-time director.
A negative net worth implies the company's liabilities are more than its assets
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
The company commands a market valuation of Rs 31,702.37 crore (Rs 317.02 billion).
InterGlobe has raised Rs 3,008.5 crore.
The carrier's total income rose over 28 per cent to Rs 8,229.4 crore in the three months ended December 2018.
Talks gain ground of strategic stake sale to foreign investor.
As corporate India prepares to put its house in order, the transition raises concerns
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The value of the ace investor's personal holdings rose by just 2%.
Among top losers that dragged down key indices were Infosys, TCS, Reliance, SBI, Tata Steel and ITC, falling up to 2.15 per cent.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
The much-awaited offer is also seen as a test case for revival of big-ticket sales in the primary market.
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
The 50-share NSE Nifty slipped below the 10,700-mark and finished at 10,679.65 -- down 38.40 points, or 0.36 per cent.
'The recent price hike would only be beneficial if the airlines continue to operate at 80 per cent airline capacity. An increase towards 90 or 100 per cent airline capacity would again add pressure to the fares as demand remains muted. Also, we are in the fourth quarter of the fiscal year which is a seasonally weaker quarter,' says an analyst.
The number of Indian passengers has jumped more than 20 per cent in the past year
Relaxing FDI norms will provide a major impetus to employment and job creation.
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
IndiGo, which has grown rapidly to become India's biggest airline by market share, has now ordered 530 A320 family planes from Airbus, the planemaker said in a statement.
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
The bookings of tickets under the four-day "festive sale" offer have begun from Monday for the travel period from September 18, 2018 to March 30, 2019, IndiGo said.
India's biggest airline IndiGo is set to file the prospectus next week for a domestic stock market listing.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
'IndiGo 2018 is a harsh, ultra-lean, mean, zero asset, fighting machine with aspirations of taking on the global long-haul low-cost market.'
Investors remain cautious ahead of F&O expiry.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
The only two truly successful private airlines in India - Jet Airways and IndiGo - have been set up and run by people who knew the ins and outs of the trade well before they took to the skies.
Vistara has a three-class configuration with business, premium economy and economy cabins.
IndiGo, Jet, SpiceJet and GoAir demand level playing field in aviation policy, say government can't favour only two new airlines.
Sensex, Nifty end lower on global concerns.
The founders of IndiGo may have thought it's time to go for a rejig of the top leadership team which can take care of the growing demands of an airline that has grown much bigger than they could have ever imagined, says Shyamal Majumdar.
