The apex body for regulating the capital market has sought further clarifications from InterGlobe Aviation (Indigo Airlines) on its 2500 crore Initial Public Offer (IPO).
As the company has made certain defaults while complying with the disclosure requirements for the initial public offer, SEBI has again asked the company to submit the clarifications w.r.t the IPO.
The SEBI is awaiting response from the lead manager to the IPO and need some more clarifications as pointed out by the regulator on receiving the draft letter of offer to be sent to the public with respect to the IPO.
The market watchdog might issue observations on draft offer document within 30 days after receiving a satisfactory reply from the lead merchant banker regarding the clarification or additional information sought from it and the company shall thereafter issue the same after incorporating the comments made by the SEBI to the public for subscription to the IPO.
