IndiGo and Infibeam file for Rs 3,000 crore IPOs

Marking a big day for IPOs, two companies — no-frills carrier IndiGo and e-retailer Infibeam — on Tuesday filed papers with Sebi to raise nearly Rs 3,000 crore in all. In a sign that the IPO market is revving up after months of subdued activity, staffing firm TeamLease also initiated the process of filing papers for raising around Rs 450 crore Stock Market Trading Tips

READ ALSO: No more free check-in baggage if airlines like SpiceJet, Indigo, AirAsia have their way

In addition, Biocon arm Syngene, Prabhat Dairy, Navkar and Catholic Syrian Bank, which have already got a nod from regulator Sebi, plan to hit the capital market in the next two-three months with IPO offers totalling nearly Rs 2,000 crore Intraday Trading Tips

InterGlobe Aviation, which runs the country's biggest airline by market share under 'IndiGo' brand, plans to raise up to Rs 2,500 crore. Becoming the first e-commerce player to tap the IPO route, Infibeam plans to mop-up around Rs 450 crore.

READ ALSO: Now, flight delay not the airline's liability

Started in 2007, Infibeam runs several e-commerce services such as Infibeam.com, Indent, BuildaBazaar, Incept and Picsquare. Last year, Sony Music had bought a 26% stake in Indent. TeamLease Services' MD & co-founder Ashok Reddy said the company was exploring multiple options to facilitate the aggressive growth that it plans for the future Nifty Trading Tips