<div>Shares of IndiGo's parent InterGlobe Aviation made a remarkable debut on bourses today, surging nearly 15 per cent, over the issue price of Rs 765 per share.<br /><br />The stock listed at Rs 856, a gain of 11.89 per cent, compared with the issue price on BSE. Intra-day, it soared 17.38 per cent to Rs 898.<br /><br />It finally ended 14.83 per cent higher at Rs 878.45. On NSE, the stock zoomed 14.67 per cent to Rs 877.25 at close of trade.<br /><br />Volume-wise, 50.66 lakh shares of the company changed hands at BSE and over 2 crore shares at NSE during the day.<br /><br />The company commands a market valuation of Rs 31,655.52 crore, making it the biggest domestic carrier by market capitalisation.<br /><br />"The stock saw value buying on listing day itself owing to its strategic low cost advantage, expansion plans in near future and market leadership (in LCC space)," said Achin Goel, Head, Wealth Management & Financial Planning, Bonanza Portfolio Ltd.<br /><br />The company's IPO, the biggest in nearly three years, had elicited robust response as the issue got subscribed 6.15 times last month.<br /><br />This was the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000-crore public offer in December 2012.<br /><br />InterGlobe has raised Rs 3,008.5 crore at issue price of Rs 765 per share from its recently concluded, over-subscribed initial public offer (IPO).<br /><br />The IPO, which was available for subscription from October 27-29, was in the price band of Rs 700-765 a share.<br /><br />In the public offer, qualified institutional buyers (QIBs) category was over-subscribed 17.80 times while the portion for non-institutional investors saw 3.57 times subscription.<br /><br />The category set aside for retail investors was subscribed 92 per cent. "Shares of InterGlobe Aviation made a remarkable debut on the stock exchanges even as the benchmark indices lost further ground," said Sanil Kumar, Head – Sales, Geojit BNP Paribas.<br /><br />IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease -- a business model which has helped it lower costs.<br /><br />Earlier this month, Coffee Day Enterprises, which runs Cafe Coffee Day (CCD) outlets, made a sluggish debut on the exchanges. The company is currently trading at Rs 269.10, way below its issue price of Rs 328. In the broader market, the Sensex tumbled 378.14 points to close at 25,743.26. <br /></div>
<div>Shares of IndiGo's parent InterGlobe Aviation made a remarkable debut on bourses today, surging nearly 15 per cent, over the issue price of Rs 765 per share.<br /><br />The stock listed at Rs 856, a gain of 11.89 per cent, compared with the issue price on BSE. Intra-day, it soared 17.38 per cent to Rs 898.<br /><br />It finally ended 14.83 per cent higher at Rs 878.45. On NSE, the stock zoomed 14.67 per cent to Rs 877.25 at close of trade.<br /><br />Volume-wise, 50.66 lakh shares of the company changed hands at BSE and over 2 crore shares at NSE during the day.<br /><br />The company commands a market valuation of Rs 31,655.52 crore, making it the biggest domestic carrier by market capitalisation.<br /><br />"The stock saw value buying on listing day itself owing to its strategic low cost advantage, expansion plans in near future and market leadership (in LCC space)," said Achin Goel, Head, Wealth Management & Financial Planning, Bonanza Portfolio Ltd.<br /><br />The company's IPO, the biggest in nearly three years, had elicited robust response as the issue got subscribed 6.15 times last month.<br /><br />This was the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000-crore public offer in December 2012.<br /><br />InterGlobe has raised Rs 3,008.5 crore at issue price of Rs 765 per share from its recently concluded, over-subscribed initial public offer (IPO).<br /><br />The IPO, which was available for subscription from October 27-29, was in the price band of Rs 700-765 a share.<br /><br />In the public offer, qualified institutional buyers (QIBs) category was over-subscribed 17.80 times while the portion for non-institutional investors saw 3.57 times subscription.<br /><br />The category set aside for retail investors was subscribed 92 per cent. "Shares of InterGlobe Aviation made a remarkable debut on the stock exchanges even as the benchmark indices lost further ground," said Sanil Kumar, Head – Sales, Geojit BNP Paribas.<br /><br />IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease -- a business model which has helped it lower costs.<br /><br />Earlier this month, Coffee Day Enterprises, which runs Cafe Coffee Day (CCD) outlets, made a sluggish debut on the exchanges. The company is currently trading at Rs 269.10, way below its issue price of Rs 328. In the broader market, the Sensex tumbled 378.14 points to close at 25,743.26. <br /></div>