IndiGo – the Indian Low Cost Carrier (or budget carrier) with largest market share – is planning a hefty IPO of around Rs 2000 crores. Some reputable bankers including Morgan Stanley and Credit Suisse have been appointed for the purpose.
The company seeks to raise some funds for expansion, which is actually a heartening news for domestic air travelers. A budget carrier is mainly meant for the middle class section of the society, and air travelers from that section of the society will eagerly await an expansion of one of their favourite airlines. Because the expansion means more service deliverability for that company, which ultimately means more gains for the middle class air travelers of India.
As of now IndiGo has 25 aircrafts. Let’s see how far they can go.
Good luck Mr. Aditya Ghosh. Please go ahead! Wish you all the best!