GoAir IPO Details

GoAir IPO Owned by Wadia Group, Incorporated in the year 2004 on April 29th, now known as Go First is a low-cost airline that has 31 domestic destinations and 10 international destinations. It provides affordable and easily accessible air travel to its passengers.

GoAir owners The Wadia group comprises leading brands including The Bombay Burmah Trading Corporation Limited, Bombay Dyeing and Manufacturing Company Limited, Britannia Limited, National Peroxide Limited, Wadia Reality Private Limited, and others. Go First was incorporated on April 29, 2004, and commenced flight operations in November 2005 starting its journey from Mumbai to Ahmedabad.

GoAir airlines have been the industry leader for on-time performance for 15 consecutive months between September 2018 and November 2019 and had the least flight cancellations for fiscal 2021 and as of January 31, 2021. Currently, GoAir has an order book of 94 A320 NEO aircraft and expects to take delivery of two additional A320 NEOs, in the calendar year 2021, 10 in 2022, and 10 in 2023.

GOair IPO

Company Promoters

  • NUSLI NEVILLE WADIA
  • JEHANGIR NUSLI WADIA
  • NESS NUSLI WADIA
  • GO INVESTMENTS & TRADING PRIVATE LIMITED

Company Financials:

            Year           Revenue             Expenses    PAT
             2019            ₹5936 Cr                ₹6845 Cr -₹387
             2020            ₹7258 Cr                ₹9162 Cr -₹1271
             2021            ₹1438 Cr                ₹2175 Cr -₹471

GoAir IPO Details

GoAir IPO has issued a public offering of up to [●] equity shares of Face Value ₹10 each of Go airlines (India) Limited for cash at a price of [●] per equity share aggregating up to 3600 Cr.

IPO DETAILS GoAir
Issue Period Opening Date: January 2022
Closing Date:   January 2022
Price Band ₹ – ₹ per equity share
Issue Size ₹3600 CR
Face Value ₹10 per equity share
Issue Type Book built issue
Fresh Issue [.] Eq Shares of ₹10 face value
(aggregating up to ₹3,600.00 Cr)
Offer for sale Approx N/A
Listing NSE and BSE
Registrar Link Intime India Private Limited

GoAir IPO Timeline

GoAir IPO issue date, issue price, allotment date, and the listing date, and all the details will be announced soon.

IPO Opens To be announced
IPO Ends To be announced
Allotment Begins To be announced
Refund Initiation To be announced
Allotment Date To be announced
Listing Date To be announced

GoAir IPO Lot Size (Retail Individual Investors)

Applications Lots Shares Amount(Cut-off)
Minimum
Maximum

GoAir IPO Investor Category

GoAir IPO has 10% of the net offer under the Retail Category.

QIB (Qualified Institutional Buyers) 75% of net offer
NII (Non-Institutional Investors) 15% of net offer
RII (Retail Individual Investors) 10% of net offer

Milestones

Covid-19 has made a huge impact on the company’s operation and performance. But the company is trying its level best to be on track and it is almost there for easy access and travel for its passengers. It is bouncing back in the aviation sector with some key milestones during this period. Let us have a look at a few milestones of GoAir.

  • Known as the 2nd Highest Passenger Load Factor as per DGCA.
  • 2nd Lowest Cancellation Rate as per DGCA.
  • 3rd On-Time Performance as per DGCA.

DGCA: Directorate General Of Civil Aviation.

GoAir IPO Review

GoAir IPO details will be out soon. Stay tuned for a detailed review and all the yays and nays about the IPO.

GoAir Lead Managers

  • Citigroup Global Markets India Private Limited
  • ICICI Securities Limited
  • Morgan Stanley India Company Pvt Ltd

GoAir Registrar

Link Intime India Private Limited
Phone: +91-22-4918 6270
Email: goair.ipo@linkintime.co.in
Website: www.linkintime.co.in

Company Contact Details

Go Airlines (India) Limited
C/O Britannia Industries Limited, A-33,
Lawrence Road Industrial Area,
New Delhi 110035, NCR
Phone: (+91 11) 7156 8136
Email: compliance.officer@goair.in
Website: www.flygofirst.com

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