The promoter holding will drop to 50% post-IPO from 67.9%. IRM has outperformed the industry average in terms of volume and operating profit in the last two fiscal years and most of its operating areas still have ample room for volume expansion as gas penetration is still low.
IndiGo shares tumble 13% after slipping to Rs 987 crore loss in Q2. Should you invest?
IndiGo Share Price: InterGlobe Aviation’s IndiGo shares dropped 13% after reporting a ₹987 crore loss in Q2 FY2024, compared to a ₹189 crore profit YoY.