This billionaire investor just made a huge bid in the IndiGo IPO

Rakesh Jhunjhunwala, who is also known as Warren Buffet of India, has supposedly made a huge bid in the newly launched IndiGo IPO in the HNI category.

Reportedly, billionaire investor Jhunjhunwala, who had also invested in SpiceJet IPO, has put the bid in upper end of the price band of the IndiGo IPO.

READ ALSO: IndiGo’s IPO is a hit even as it gets first time investors in to the Indian IPO market!

The initial public offering of InterGlobe Aviation, parent of budget carrier IndiGo, was fully subscribed on the second day of the issue. The IndiGo IPO also saw huge bids on the third day.

Reportedly, the QIB portion was subscribed 6.54 times with foreign investors bidding for 6.39 times the shares reserved for this category.

READ ALSO: IndiGo, India’s biggest IPO in 3yrs is already a blockbuster! Subscribed 33% on Day 1

The IndiGo IPO allocated 10.87 million equity shares at Rs 765 apiece.

(Image: Indiatimes)