India Inc is increasingly gaining confidence to tap the capital market for funds. At least three companies — low-cost carrier IndiGo, staffing firm Teamlease and e-retailer Infibeam — have lined up public offers to raise over ₹3,000 crore from investors.

While InterGlobe Aviation, which operates the domestic airline IndiGo, has filed draft documents with market regulator SEBI to raise ₹1,272 crore through a fresh issue of equity shares to the public, the other two firms are expected to file their documents shortly.

InterGlobe Aviation’s planned IPO also contains an offer-for-sale segment, where existing shareholders (including founders Rahul Bhatia and Rakesh Gangwal) are putting up for sale 3,01,46,000 shares. The airline intends to use about ₹1,165 crore to repay debt while another ₹33 crore will be used to purchase ground support equipment. According to information given in the draft red herring prospectus, IndiGo was the most profitable carrier in India for FY2014, as measured by EBITDAR (earnings before interest, taxes, depreciation, amortisation, and restructuring/ rent costs), with a margin of 19.8 per cent.

The book running lead managers to the issue are Citigroup Global Markets India, JP Morgan India, Morgan Stanley India, Barclays Bank PLC, Kotak Mahindra Capital Company and UBS Securities India.

Sources told PTI that Teamlease is looking to raise ₹450-500 crore and Infibeam about ₹400 crore. Just last week, Coffee Day Enterprises Ltd, which runs the Café Coffee Day chain, filed draft offer documents with SEBI for a ₹1,150-crore public offer.

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