IndiGo

Aditya Ghosh, President & Whole-Time Director, Interglobe Aviation said it is an ambition to be a dividend paying company and create returns with our shareholders.

The public issue was priced at Rs 700-765. Though the issue was over-subscribed 6.15 times, retail participation was tepid. The company has raised Rs 832 crore from anchor investors by allotting shares at the upper limit of price band at Rs 765 apiece.

In an interview with Shereen Bhan, IndiGo President Aditya Ghosh took on a number of questions that have been asked of the country's largest IPO in three years.

CNBC-TV18 spoke with a host of experts, such as Kapil Kaul of Centre for Asia-Pacific Aviation, Deven Choksey of KR Choksey and market expert Ambareesh Baliga, who outlined their views on the issue.

With this, the company's IPO has emerged as the most sought after public offer so far this year as the issue witnessed strong investor response on the first day itself.

As for the risk factors, Joshi says high dividend payout is not a worry as the company has been generating good profits. Also, he expects crude prices to stay stable.

In a freewheeling interview, Aditya Ghosh president and wholetime director, IndiGo, discusses the controversial 5/20 rule, the government's capping of fares and the company's plans to focus on its mobile applications and website.

Speaking to CNBC-TV18, Deven Choksey of KR Choksey and Kapil Kaul of Centre for Asia Pacific Aviation (CAPA) feel there is nothing wrong with it considering that IndiGo has paid out similar dividends in the past

Aditya Ghosh, president and wholetime director, IndiGo says capital generation is not the rationale behind the company's initial public offer (IPO).

The country's most profitable airline IndiGo has decided to open its IPO for bids from October 27. It is likely to be in the price band of Rs 700-765/ share. The total shares on offer will be around 26.11 million.

Market experts Ambareesh Baliga and Dipan Mehta say investors should avoid CCD as it is an expensive IPO.

Kaul says Indigo's initial public offer will be crucial for the aviation sector, and it could even encourage GoAir to come out with a public offer. Kaul expects Spicejet to raise capital after the Indigo IPO.

Low-cost carrier Indigo continues to rule the Indian skies with a 30-percent market share. However for the sixth month in a row, August saw rival SpiceJet beating Indigo with a 90 percent seat occupancy, reports CNBC-TV18's Sindhu Bhattacharya and Shereen Bhan.

Instead of ministry officials reading them the riot act on high air fares, the chiefs of some airlines may turn the tables by requesting the government to put an end to what are commonly known as "One Rupee" fares

Aditya Ghosh, President and ED, IndiGo said that cost reduction helped IndiGo increase capacity and improve yield.

IndiGo's revenues rose 25 percent to Rs 14,320 crore. Net margin stood at 9.4 percent while profit before tax was Rs 1,847 crore.

The A320neo is the re-engined and upgraded variant of the A320 family of planes and competes against Boeing's upgraded 737 Max in the narrowbody market segment.

The agreement, which Airbus said was signed on Saturday, confirms an earlier provisional order by IndiGo for the 250 narrow-body planes announced in October.

The agreement, which Airbus said was signed on Saturday, confirms an earlier provisional order by IndiGo for the 250 narrow-body planes announced in October.

Come this winter, domestic flyers will have more flying options to choose from. Leading airlines like IndiGo, Jet Airways and Air India are looking to add to the existing fleet to cater to the rising demand report CNBC-TV18‘s Sindhu Bhattacharya and Ronojoy Banerjee.