The GoAir aka Go First IPO might hit the market in January 2022. The Go Airlines (India) Limited aka GoAir IPO to raise ₹3600 crores via IPO. GoAir rebranded itself "Go First" as part of its preparation for an initial public offering (IPO).
Go First aka GoAir filed DRHP with SEBI for an IPO worth ₹3600 Crores. The GoAir is owned by the Wadia Group started the airlines in 2005. The company name was GoAir now rebranded to Go First. The company is the 5th largest airlines company in India based on the data as of 2017 with a market share of around 8.4%. They operate daily more than 300 flights including 36 destinations and 27 domestic and 9 international destinations. Go First is India's ultra-low-cost airline with multiple domestic and international destinations with a focus on young Indians, leisure customers, and MSME business travelers. The retail portion of the IPO is 10% while QIB is 75% and NII is 15%. GoAir IPO to list on NSE and BSE both the indices. Stay tuned for GoAir IPO details.
- Ahead of the Initial Public Offer, GoAir rebranded itself as "Go First" on Thursday. In FY20, the company GoAir had a debt of ₹1,780 crores.
- The company reported a net loss of ₹1271 crores in 2020.
- The industry was hit by Covid and improved for the last few months.
- Hubs they are working on - Mumbai, Delhi, Bangalore, Kolkata, Chandigarh, and Kannur.
- Planning its fleet to solely be comprised of A320 NEO aircraft.
- Fast-growing ultra-low-cost carrier (ULCC).
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GoAir IPO Date & Price Band
| IPO Open: | January 2022 |
| IPO Close: | January 2022 |
| IPO Size: | Approx ₹3600 Crores |
| Fresh Issue: | Approx ₹3600 Crores |
| Offer for Sale: | Approx N/A |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹- to ₹- Per Equity Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
GoAir IPO Market Lot
| Minimum Lot Size: | Minimum - Shares for 1 lot |
| Minimum Amount: | ₹- for 1 lot |
| Maximum Lot Size: | Maximum - Shares for 13 lot |
| Maximum Amount: | ₹- for 13 lot |
GoAir IPO Date, Time Table, Allotment & Listing
| Price Band Announcement: | January 2022 |
| Anchor Investors Allotment: | January 2022 |
| IPO Open Date: | January 2022 |
| IPO Close Date: | January 2022 |
| Basis of Allotment: | January 2022 |
| Refunds: | January 2022 |
| Credit to Demat Account: | January 2022 |
| IPO Listing Date: | January 2022 |
GoAir IPO Form
How to apply the GoAir IPO? You can apply GoAir IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the GoAir IPO in the Invest section. The other option you can apply GoAir IPO via IPO forms download via NSE and BSE. Check out the GoAir forms - click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
GoAir Company Financial Report
| ₹ in Crores | |||||
| Revenue | Expense | PAT | |||
| 2019 | ₹5937 | ₹6846 | -₹387 | ||
| 2020 | ₹7258 | ₹9162 | -₹1271 | ||
| 2021 6M | ₹1438 | ₹2176 | -₹471 | ||
Company Promoters
- NUSLI NEVILLE WADIA
- JEHANGIR NUSLI WADIA
- NESS NUSLI WADIA
- GO INVESTMENTS & TRADING PRIVATE LIMITED
About GoAir
We promote our brand and our simple brand message of 'Fly Smart' to our passengers. Our airline has 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. It has the second-highest load factor of 88.9% during fiscal 2020, with one of the lowest customer complaints in the industry in fiscal 2021 for the period up to January 31, 2021. As of February 10, 2021, the GoAir fleet comprises 56 aircraft, of which 46 aircraft were A320 aircraft and 10 were A320 CEO models. We currently have an order book of 98 A320 NEO aircraft and expect to take delivery of eight additional A320 NEOs, in fiscal 2022, 14 in fiscal 2023, and 14 in fiscal 2024.
We strive to follow best safety practices. Our commitment to safety and security is reflected in the maintenance of our aircraft and engines, the extensive training given to pilots, cabin crew, and employees, and the strict policies and procedures in compliance with the local regulations, international standards, and best practices regarding all areas of our business that are involved with the operation of our aircraft.
As of January 31, 2020, GoAir operates flights across 37 destinations – 28 domestic and 9 international. The airline’s network is spread across cities in India and abroad.
GoAir IPO Registrar
Link Intime India Private Limited
C-101, 1stFloor, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai 400 083
Maharashtra
Telephone no.: (+91 22) 4918 6200
E-mail: goair.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: goair.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR00000405
GoAir IPO Lead Managers
- ICICI Securities Limited
- Citigroup Global Markets India Private Limited
- Morgan Stanley India Company Private Limited
Company Address
Go Airlines (India) LtdRegistered 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 400025, Maharashtra
Telephone no.:(+91 22)6741 0000
Website:www.goair.in
Contact Person: Niranjan Karde
Company Secretary and Compliance Officer
Telephone no.: (+91 22)67420028
E-mail: compliance.officer@goair.in
Corporate Identity Number: U63013DL2004PLC217305
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