InterGlobe Aviation (Indigo), which got listed on the bourses today, settled at a premium of 14.70% over its issue price. At the NSE, stock closed at Rs 877.50 a share as against issue price of Rs 765 a share.

Shares recorded a high of Rs 899.5 and a low of Rs 849 after opening at Rs 855.80 that is 11.86% premium over its issue price. A total of 27.35 million shares exchanged hands at the NSE. That translated into turnover of Rs 24.07 billion.

IndiGo is India''s largest passenger airline operates on a low-cost carrier (LCC) business model and focuses primarily on the domestic Indian air travel market. 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.