Sebi seeks clarifications on IndiGo’s Rs 2,500-cr IPO
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04 Aug 2015
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SEBI has sought fresh clarifications from budget carrier IndiGo on its proposed Rs 2,500-crore initial public offer (IPO), said the media reports. Without disclosing the details of clarifications sought, the Securities and Exchange Board of India (SEBI) has said its awaiting response from lead manager for the proposed public offer. According to the latest weekly update on the processing status of draft offer documents filed with SEBI, the market regulator has said clarifications are awaited on IndiGo’s IPO as of July 31, 2015. The next update will be uploaded on SEBI’s website on August 10. The market watchdog said it might issue observations on draft offer document within 30 days after receiving a satisfactory reply from the lead merchant banker regarding the clarification or additional information sought from it. SEBI had earlier this month also sought clarification from InterGlobe Aviation, which runs the country’s biggest airline by market share under IndiGo brand. The regulator received last communication from the merchant banker on July 29. Indigo had filed its draft offer document with SEBI on June 30, 2015. As per the draft papers, the company has offered to issue fresh shares worth Rs 1,272 crore. An equivalent amount can be raised through sale of up to 3.01 crore shares by its existing shareholders. Citigroup, JPMorgan India, Morgan Stanley, Barclays, UBS Securities India and Kotak Mahindra Capital Company are managers for the share sale. |
| Source: Dion Global Type: IPO Related |
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