GoAir IPO Important Dates are Coming soon. The country’s well-known and low-cost airline GoAir is preparing to bring IPO. Wadia Group’s airline company GoAir has submitted applications to SEBI for IPO. The company plans to raise Rs 3600 crore through IPO. Prior to this, on May 13, the rebranding of its airline was done in the name of Go First. The rebranding of the airline company is only a part of the preparation for its IPO. ICICI Securities, Citigroup, and Morgan Stanley will manage the IPO. Let us tell you that in the era of Corona, airline companies are facing heavy losses. The airline started operations in 2005 and has just over 50 aircraft in its fleet.
GoAir IPO Review
If you are looking for the long term then hold on, company finances are not looking attractive. After company next quarter number you can decide what to do.
If you are looking for only listing gain then you have to check the Grey Market Premium of GoAir IPO. To Check GMP you can visit our grey market premium page. If a premium is 50% above then you can go for listing gain.
Company Promoters
- Nulsi Neville Wadia
- Jehangir Nusli Wadia
- Ness Nusli Wadia
- Go Investment & Trading Pvt
GoAir IPO Date & Details
| IPO Open Date | 2022 |
| IPO Close Date | 2022 |
| IPO Size | ₹3,600 Cr |
| Issue Type | — |
| Fresh Issue | ₹3,600 Cr |
| Offer For sale | N/A |
| Face Value | ₹10/Equity share |
| Price Band | ₹__ to ₹__ |
| List On | NSE & BSE |
| DRHP Draft | Click Here |
| RHP Draft | Click Here |
GoAir IPO Market Lot Size
In GoAir IPO Minimum __Shares you will get in a lot with ₹- application amount. If you want to come under retail investor then you can apply a maximum for 13 Lot, __shares with ₹-application amount.
| Minimum Lot Size | ___Share in 1 lot |
| Minimum Amount | ₹- |
| Maximum Lot Size | ___Share in 13 lot |
| Maximum Amount | ₹- |
GoAir IPO Reservation
The reservation for the GoAir IPO is like 75% is for QIB, 15% is for NII and 10% is for RII, employee quota is not shared.
| Category | Reservation(%) |
|---|---|
| QIB | 75% |
| NII | 15% |
| RII | 10% |
| EMP | N/A |
| Total | 100% |
GoAir IPO Time Table
GoAir IPO Listing Date is on ____2022, closing date is ____2022 and are as following.
| IPO Open Date | ———-2022 |
| IPO Close Date | ———-2022 |
| Allotment Date | ———-2022 |
| Refund Date | ———-2022 |
| Credit to Demat Account | ———-2022 |
| Listing Date | ———-2022 |
GoAir Financial Report ₹(in cr)
| Year | Revenue | Expense | PAT |
| 2019 | ₹ 5,937 | ₹ 6,846 | – ₹ 387 |
| 2020 | ₹7,258 | ₹ 9,162 | – ₹ 1,271 |
| 2021 6M | ₹1,438 | ₹ 2,176 | – ₹ 471 |
About Company
The company’s target customers are young Indians, leisure customers, and MSME business travelers. The company is focused on maintaining a low-cost base and high utilization of its modern and fuel-efficient fleet.
As of February 2021, GoAir’s fleet inventory consisted of 56 aircraft. The company has an order book of 98 A320 NEO aircraft and by the end of the financial year 2024, GoAir is planning to have only A320 NEO aircraft in its fleet. The company’s passenger volume has grown at a CAGR of 22.4% from 10.8 million passengers in FY2018 to 16.2 million passengers in FY20. As of January 2020, GoAir covers a network of 28 domestic and 9 international destinations.
The company is in the process of re-branding itself as “Go First” and has already started using the “Go First” trademark and brand name.
Competative Strength
- Strong focus on operational efficiency
- Strategic Network for Slot Scarcity Airports
- Leisure travelers and MSEME businesses as target customers
- Track record of growth in key performance indicators
- Experienced Board and Management Team backed by Wadia Group
Key Points (Objective)
- Prepayment or scheduled repayment of all or a part of certain outstanding borrowings taken by the company
- Replacement of a letter of credit issued to certain aircraft lessors to secure lease rental payments and future maintenance of aircraft, with cash deposits
- Repayment of arrears, in whole or in part, to the Indian Oil Corporation Limited for fuel supplied to the company
- general corporate purpose
GoAir IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bhadur Shastri Marg
Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Tel: (+91 22) 4918 6200
E-mail: goair.ipo@linkintime.co.in
Website: www.linkintime.co.in
Address
Go Airlines (India) Limited
Registered Office:
C/O Britannia Industries Limited, A-33,
Lawrence Road Industrial Area,
New Delhi 110 035,
National Capital Territory of Delhi
Telephone no.: (+91 11) 7156 8136
Corporate Office:
First Floor, C-1, Wadia International Centre,
Pandurang Budhkar Marg,
Worli, Mumbai 400 025,
Maharashtra
Telephone no.: (+91 22) 6741 0000
Website: www.goair.in
GoAir IPO FAQs
Q. GoAir IPO Price Band?
The Prince band of Goair IPO is ₹- to ₹-.
Q. GoAir IPO Launch Date?
The IPO opens on ——2022 and close on ——2022.
Q. GoAir IPO Grey market premium?
Grey market premium of Goair IPO is ₹—
Q. Is Go Airline IPO good?
The company reported a net loss of ₹1,271 in FY 2020 and also having debt of ₹1,780 cr which is not good.
Q. Who is the owner of GoAir airlines?
Sevakunj Investments & Trading, Wadia Group
Q. What is the size of GoAir IPO?
The Size of Goair IPO is ₹ 3,600cr.
Q. What is the GoAir IPO allotment Date?
GoAir IPO allotment date is ——-2022.
Q. What is the listing date Of GoAir IPO?
Listing Date is ——2022 and the IPO list on BSE and NSE.
Q. How to Apply GoAir IPO through Zerodha?
- Log in to Zerodha KIte application on you mobile.
- Go to Portfolio and Click on IPO.
- You will see the IPO Name “Go Air IPO”. Click on Bid Button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO Application Form.
- Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
Q. How to Apply GoAir IPO through Upstox?
- Log in to the Upstox applicaion on you mobile.
- Go to Portfolio and Click on IPO.
- You will see the IPO Name “Go Air IPO”.
- Click on Bid Button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO Application Form.
- Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
Q. How to Apply GoAir IPO through Groww?
- Log in to the Groww application on you mobile.
- Now you can see IPOs and Click on IPO.
- You will see the IPO Name “Go Air IPO”.
- Click on Bid Button.
- Enter your UPI ID, Quantity, and Price. Submit IPO Application Form.
- Now go to your UPI App on Net Banking or BHIM App to approve the payment process.
Q. How to Apply GoAir IPO through Paytm Money?
- Log in to the Paytm Money application on you mobile.
- Now you can see Invest is IPOs Section and Click on IPO.
- You will see the IPO Name “Go Air IPO”.
- Click on Bid Button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO Application Form.
- Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.