IndiGo all set to file DRHP with Sebi on June 30: Sources

The largest IPO in the aviation space may be set to hit the market by month-end. Sources say IndiGo is all set to file the DRHP with Sebi on June 30.

The airline plans to raise up to USD 400 million through the IPO. The valuation of IndiGo is pegged at about USD 1.6 billion. Six bankers - Citigroup, Kotak, Morgan Stanley, JP Morgan Chase, UBS & Barclays - have been appointed as book runners for the IPO.

The money raised via the IPO will be used to fund expansion plans and increase IndiGo's presence globally. The IPO will help fund fleet expansion plans over next 2-3 years.

The listing process is expected to be completed by the fourth quarter of calendar year 2015. The pricing of the IPO will depend on the timeline as to when it hits the market post approvals.