Go Airlines IPO Details: Go First, formerly known as GoAir, is an ultra-low-cost airline based in Mumbai, Maharashtra, India. Go Airlines is planning to their IPO in March 2022. Check below information for about Go Airlines and Go Airlines IPO Details.
According to the DRHP filed with SEBI, the company intends to generate around Rs. 3,600 crores through this public offering. This will only apply to new issue equity shares, and no information on an OFS is currently accessible. In addition, the company is planning a pre-IPO placement, which, if successful, will reduce the ultimate issue size. The market lot and price band for this IPO are currently unavailable, however Go Airlines stated in their DRHP that they will be released gradually. The face value of equity shares in India is set at Rs. 10 per equity share.
Go Airlines IPO Details: Date, Price Band, Lot Size, Issue Size
|Opening Date||To be announced|
|Close Date||To be announced|
|Price Band||To be announced|
|Lot Size||To be announced|
|Issue Size (Rs. Cr.)||To be announced|
|Face Value||Rs. 10 Per Equity Share|
|Issue Type||To be announced|
|Exchange Board||BSE, NSE|
About Go Airlines
Go First, formerly known as GoAir, is an ultra-low-cost airline based in Mumbai, Maharashtra, India. The Wadia Group, an Indian commercial giant, owns it. It was India’s fifth largest airline in October 2017, with an 8.4% passenger market share. It began operations in November 2005 and currently has an Airbus A320 fleet with all-economy seating.
From 10.8 million passengers in fiscal 2018 to 16.2 million passengers in fiscal 2020, its passenger volume increased at a CAGR of 22.4 percent. It increased its domestic passenger volume market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020.
With a growth in domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020, the firm is one of India’s fastest growing airlines. As an ultra-low-cost carrier (ULCC), we’re focused on keeping our costs low and getting the most out of our contemporary, fuel-efficient aircraft. Its fleet inventory as of February 10, 2021 consisted of 56 aircraft, 46 of which were A320 NEO models and 10 of which were A320 CEO variants.
From its hubs in Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Chandigarh, and Kannur, the airline operated around 330 daily flights to 36 destinations in March 2020, comprising 27 domestic and nine overseas destinations. The airline has filed a DRHP with Indian stock market regulator SEBI in order to undertake an IPO to raise Rs 36 billion from the main market.
Promoters of Go Airlines IPO
Nusli Neville Wadia, Jehangir Nusli Wadia, Ness Nusli Wadia and Go Investments & Trading Private Limited
Go Airlines IPO Allotment and Listing Date
|Basis of Allotment Date||To be announced|
|Initiation of Refunds||To be announced|
|The credit of Shares to Demat Account||To be announced|
|FPO Listing Date||To be announced|