On June 30, 2015, InterGlobe Aviation Ltd, that operates IndiGo airlines, filed its Draft Red Herring (DRH) with the market regulator – Securities and Exchange Board of India (SEBI). Through this IPO, it plans to issue at least 10 per cent fresh equity shares (post issue paid up equity share capital) to raise upto Rs 1,272.20 crore. After paying for IPO cost, the balance it intends to pay for outstanding lease liabilities and acquisition of aircraft (Rs 1,166 crore) and for purchasing ground support equipment (Rs 33 crore).
In addition, the existing shareholders (tables at pg 38 & 39) will sell their own equity shares (30,146,000 No. of equity shares of Rs 10 each) to the public. From this, no money will come to the company.
