India budget carrier IndiGo seeks to raise 30b rupees in IPO

New Delhi

WAITING for a flight at New Delhi's Indira Gandhi airport, law student Shweta Toppo explains why she mostly flies IndiGo, the upstart budget airline preparing for a stock market flotation.

"They're always on time, service is good and they're cheaper. For students, that's always a good thing," said the 19-year-old, en route to her university in the eastern city of Guwahati.

Ms Toppo is the only person in her family to fly, one of the millions of new air travellers making India a tantalising prospect for airlines.

They include IndiGo, India's only c…