Go Airlines IPO Details: Opening Date, Closing Date, Price

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
Go Airlines IPO

Go Airlines IPO Details: Date, Price Band, Lot Size, Issue Size

Opening DateTo be announced
Close DateTo be announced
Price BandTo be announced
Lot SizeTo be announced
Issue Size (Rs. Cr.)To be announced
Face ValueRs. 10 Per Equity Share
Issue TypeTo be announced
Exchange BoardBSE, 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 DateTo be announced
Initiation of RefundsTo be announced
The credit of Shares to Demat AccountTo be announced
FPO Listing DateTo be announced

Go Airlines IPO FAQs

When Go Airlines IPO will open?

Go Airlines IPO dates are not announced. Please check back again after some time.

What is the lot size of Go Airlines IPO?

Go Airlines IPO dates are not announced. Please check back again after some time. Go Airlines IPO lot size and the minimum order quantity are not available at this time. Please check again.

How to apply for Go Airlines IPO?

You can apply in Go Airlines IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.

When is the Go Airlines IPO listing date?

Go Airlines IPO listing date is not yet announced. The tentative date of the Go Airlines IPO listing is (not announced).

When is Go Airlines IPO allotment?

The finalization of Basis of Allotment for Go Airlines IPO will be done on (not announced), and the allotted shares will be credited to your Demat Account by (not announced).

Is it feasible to bid on the Go Airlines IPO with a current account?

No, you cannot use a current account to bid on the Go Airlines IPO or any other IPO. Because financial institutions would not accept bids sent through such accounts, you can use a savings account instead. You can also speak with representatives from your local banks for more information.

How many shares are reserved for HNIs and retail investors in the Go Air IPO?

Investors’ share is 75 percent for QIB, 15 percent for NII, and 10 percent for Retail.

Who is the registrar for the GO Airlines IPO?

The registrar is Link Intime India Private Limited for GO Airlines IPO.