According to sources, the QIP was oversubscribed on Day 1 itself. “The total offers received exceed Rs 3,000 crore, underscoring the strong confidence and interest in the company’s growth prospects,”’ said a source aware with the development.

Some investors include family offices of Madhu Kela, Akash Bhanshali, Sanjay Dangi, Rohit Kothari and Bandhan Bank, sources said

The proceeds will also be used for settling liabilities of creditors, including aircraft and engine lessors, engineering vendors and financiers

SpiceJet's QIP received strong investor response, with marquee investors like Madhu Kela's family office participating. The company aims to raise Rs 3,000 crore but has exceeded the target. Other notable investors include Akash Bhanshali,

SpiceJet management has the discretion to adjust the funding requirements and deployment schedule based on market conditions, financial situation, and other external factors.

SpiceJet has set a floor price of Rs 64.79 per share for the sale of securities to qualified institutional buyers through which the budget carrier aims to raise up to Rs 3,000 crore. Last week, shareholders approved a proposal to raise up to Rs 3,

SpiceJet, with statutory dues exceeding Rs 601 crore, has successfully oversubscribed its Rs 3,000 crore share sale to qualified institutional buyers. The funds will help the airline address financial and legal challenges,