InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
This is the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000 crore public offer in December 2012.
InterGlobe's IPO is India's biggest since the listing of around $750 million by Bharti Infratel Ltd in December 2012.
A negative net worth implies the company's liabilities are more than its assets
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
The much-awaited offer is also seen as a test case for revival of big-ticket sales in the primary market.
Going 'long' is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts. However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. "With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.
Prominent exits by promoters included a Rs 15,300 crore share sale in Indus Tower by Vodafone Plc, a Rs 9,300 crore share sale by the Tata group in Tata Consultancy Services.
Move aimed at giving more headroom to foreign investors.
Unless unique, avoid investing in IPOs.
Out of the 24 IPOs, 20 companies had anchor investors, which collectively subscribed to 31 per cent of the total public issue amount.
Indian companies are now more confident about the execution skills of local banks.
Investment bankers said retail investors were pulling back, while institutions were being pickier
Indian companies have raised $1 billion so far this year - almost four times what they raised last year.
Airline mum on offer plans, sources say it will be looking to raise around Rs 1,000-1,200 crore
Financial planners also believe that retail investors should avoid the IPOs or direct stock route because it is too risky for them.
Talks gain ground of strategic stake sale to foreign investor.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
This was the biggest IPO in the Indian market since Infratel's.
The company commands a market valuation of Rs 31,702.37 crore (Rs 317.02 billion).
IndiGo heads towards $400 mln IPO as air travel booms.
InterGlobe has raised Rs 3,008.5 crore.
India's biggest airline IndiGo is set to file the prospectus next week for a domestic stock market listing.
Analysts have questioned the Aditya Ghosh-led company's negative net worth due to a huge dividend payout ahead of an IPO.
Some of Modi's biggest reforms have met with fierce political opposition.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
Analysts question negative net worth because of dividend payout ahead of IPO.
IndiGo is arguably more a financial services company than airline.
There are several examples of one name standing in for many brands.
The breadth, indicating the overall health of the market, turned negative from positive
The government must not enter into what will be a little more than a large-scale transfer of taxpayers' money to the operators of private hospitals.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
Whatever the final outcome of this unhappy episode, one thing is clear: a glass once cracked cannot be fixed. The trust is gone forever and the relationship between two old friends lies in tatters. For now, IndiGo, the airline, will have to learn to soar with two angry and distracted commanders, says Anjuli Bhargava.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
Pharma major Lupin and mortgage lender HDFC were the top losers.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
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