Aviation sector has struggled to make money for investors around the world. It is asset heavy sector with uncontrolled variables like global oil prices,government regulations, capacity utilization etc. Although Indigo is well run airline in India, lower oil prices is making it look much better. Trouble of other private airlines like Kingfisher and Spicejet helped Indigo grabbed market share as they remained only “clean shirt in dirty laundry” 
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Indigo got its IPO timing right as their numbers never looked so better! But looking at IPO pricing and knowing history of aviation sector in India, not sure if it would generate wealth for anybody, except promoters 
I would prefer to give it a miss….
If it continues to do well, one can always pick it up in secondary market at a later date.
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