The stock listed at Rs 856, reflecting a gain of 11.89 percent as compared to the issue price on BSE. It touched a high of Rs 898, a sharp gain of 17.38 percent.
At NSE, shares of the company opened at Rs 855.80, a surge of 11.86 percent from the issue price. The company commands a market valuation of Rs 31,702.37 crore.
The company's IPO, the biggest in nearly three years, had elicited robust response as the issue got over subscribed 6.15 times last month.
This was the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000 crore public offer in December 2012.
InterGlobe has raised Rs 3,008.5 crore at issue price of Rs 765 per share from its recently concluded, oversubscribed initial public offer (IPO).
The IPO, which was available for subscription from October 27-29, was in the price band of Rs 700-765 a share.
In the public offer, qualified institutional buyers (QIBs) category was oversubscribed 17.80 times, while the portion for non institutional investors saw 3.57 times subscription.
The category set aside for retail investors was subscribed 92 percent.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease- a business model which has helped it lower costs.

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