IndiGo Flies High on Stock Market Debut, Shares Soar

Shares of InterGlobe Aviation, which runs the low-cost airline IndiGo, made a strong debut on the exchanges today. Its shares rose as much as 15.4 per cent to a high of Rs 883 on the Bombay Stock Exchange against its issue price of Rs 765 per share. Being the only consistent profitable carrier in India, IndiGo's initial public offer (IPO) got strong response from the market. It was over-subscribed six times on account of strong dema...