Kingfisher IPO

Kingfisher till date has not launched any IPO, but has expressed its wish to launch one soon. This IPO would be used to fund its aggressive expansion plans in India. The accumulated corpus would be utilized to fund its airline business and to payoff debt for its acquired liquor company Shaw Wallace & Company.

The brand Kingfisher is being owned by the business conglomerate United Breweries Group. The brand is being used for two business entities - Airlines and Alcoholic Beverage. The Airlines operates under the name of "Kingfisher Airlines" and the alcoholic beverage segment manufactures "Beer" and "Mineral Water" under the same brand name. Till now the company has not launched any IPO to fund its aggressive expansion plans, but plans to launch it in near future to raise capital. Dr Vijay Mallya is the Chairman and CEO of both the segments.

Details of Kingfisher IPO are as follows -

The Chief of the United Breweries Holding Ltd (UBHL), Mr Vijay Mallaya, said that the group would come up with an Initial Public Offering in 2008 and would raise a total corpus of US$ 400 million. The Initial Public Offering of the Kingfisher Airlines would target a corpus of US$ 200 million and the rest would be raised through the IPO of the liquor business. Kingfisher Airline IPO, to be issued for the first time in the year 2008, to finance the airline's expansion and funding of A380s air fleet. The IPO of the liquor business would be utilized for the reduction of debt of Shaw Wallace & Company and for funding the new entity United Spirits.

To know more about Ipo India Firms click on the following links: