Capital market regulator Sebi has sought fresh clarifications from InterGlobe Aviation, which runs budget carrier IndiGo, on its proposed Rs2,500-crore initial public offer (IPO).Under the offer, the company plans to issue fresh shares worth Rs1,272 crore. An equivalent amount can be raised through sale of up to 3.01 crore shares by its existing shareholders.
Citigroup, JPMorgan India, Morgan Stanley, Barclays, UBS Securities India and Kotak Mahindra Capital Company are managers for the share sale.Without disclosing the details of clarifications sought, the Securities and Exchange Board of India (Sebi) said it is awaiting response from the lead manager for the proposed public offer.
According to the latest weekly update on the processing status of draft offer documents filed with Sebi, the market regulator has said clarifications were awaited on the IPO as of July 31, 2015.