Sebi seeks fresh clarifications on IndiGo IPO

The Securities and Exchange Board of India (Sebi) has sought fresh clarifications from InterGlobe Aviation, owners of budget carrier IndiGo, on its proposed Rs 2,500 crore initial public offer (IPO).

The market regulator said in its latest weekly update that clarifications were awaited on the IPO from the lead manager as of July 31.

Citigroup, JPMorgan India, Morgan Stanley, Barclays, UBS Securities India and Kotak Mahindra Capital are the managers for the offer, under which the company plans to issue fresh shares worth Rs 1,272 crore.

The next update will be uploaded on the Sebi website on August 10.

The regulator had last received a communication from the merchant bankers on July 29. Indigo had filed its draft offer document with Sebi on June 30.

Sebi had earlier sought clarification on the IPO of InterGlobe Aviation.