EkCrore.net :: Indigo Airlines IPO

April 15, 2010
Low Cost Airlines Indigo is ready to go public and so may issue an initial public offering larger size in the domestic aviation space. The company is expected to increase to Rs 1,500 crore through the IPO later this year and has appointed some bankers as Morgan Stanley, UBS and Credit Suisse and Citi. The promoters are likely to remain majority shareholders.

Indigo's net profit for fiscal year 2009-10 is around Rs 400 crore. The company also has plans to introduce nine more planes this year and another 10 aircraft next year.