IndiGo had hired five investment bankers, which included JM Financial Ltd, Credit Suisse Group AG, Citigroup Inc., UBS AG and Morgan Stanley, in 2010 for a potential initial public offering (IPO), Mint reported on 4 October, 2010. The plan did not materialize.
Rivals Jet Airways (India) Ltd and SpiceJet Ltd are listed at BSE.
“Is it gonna happen tomorrow? No, I don’t think so. In overtime maybe… Is it imminent? I don’t think so,” IndiGo promoter Rahul Bhatia told reporters on Saturday on the sidelines of launching a new pilot training facility in Greater Noida.