InterGlobe Aviation Ltd, owner of India’s largest and most profitable airline, became one of the top 50 most valuable publicly traded firms in India.
On Wednesday, the market capitalization of IndiGo was at Rs.42,900.45 crore, claiming 47th rank, according to BSE data.
Tata Consultancy Services Ltd (TCS) is the most valuable company in India followed by Reliance Industries Ltd (RIL) and HDFC Bank Ltd.
IndiGo had raised Rs.3,010 crore through a successful initial public offering (IPO) in October after setting the pricing at Rs.765 per share.
That was at the upper end of a price range of Rs.700 to Rs.765 per share.
The IPO had attracted orders worth six times the number of available shares.
IndiGo’s IPO is India’s biggest since the listing of around $750 million by Bharti Infratel Ltd in December 2012.
Shares of IndiGo were listed on 9 November.
Since 9 November, the shares gained 55.62%, while rival airlines Jet Airways (India) Ltd rose 35.92% while SpiceJet Ltd advanced 30.23%.
BSE Sensex fell 2.4%.
Year-to-date, SpiceJet rose 286.92% while Jet Airways rose 55.83%.
On the league of most valued firms, Jet Airways is at 213 while SpiceJet is at 294.
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