The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.
IndiGo profit falls on higher cost on older planes
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines