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Go Air IPO| Go Airlines (India) Limited

IPO Status: Upcoming [Not Yet Announced to Not Yet Announced]

Rated 3.5 stars Rated 3.5/5 by Team TopShareBrokers
Go Air IPO Detail

Go Airline IPO of Rs. 3,600 Cr to hit the market soon to list on the BSE and NSE platform. The IPO opens for subscription soon. The IPO price band and lot size are yet to be declared. Stay updated with us to know more about the Go Airline IPO including issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Go Air IPO Details

IPO Issue Opening Date: Not Yet Announced
IPO Issue Closing Date: Not Yet Announced
IPO Issue Price: ₹TBD
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹3,600 Cr
Fresh Issue: ₹3,600 Cr
Face Value: ₹10 Per Equity Share
IPO Discount: TBD
Market Lot: TBD Shares
Min Retail Qty: TBD
Max Retail Qty: TBD
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: TBD
Retail Quota: TBD
IPO Live GMP IPO Live GMP

Go Air IPO Important Dates

In this section we have covered all important dates related to Go Air IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Go Air IPO important dates
IPO Activity Date
IPO Issue Open Not Yet Announced
IPO Issue Close Not Yet Announced
Basis of Allotment Finalisation Date* Not Yet Announced
Refunds Initiation* Not Yet Announced
Credit of Shares to Demat Account* Not Yet Announced
IPO Listing Date* Not Yet Announced

* - Tentative Dates

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About Company - Go Air

Go Airline is an ultra-low-cost carrier and one of the fastest-growing airlines in India with a market share of 10.8% in fiscal 2020. The airline aims to deliver fuel-efficient and low-cost fleet services to deliver customers great value offerings. As of Feb 10, 2021, its fleet inventory includes 56 aircraft with high-density seating arrangements. It further has an order book of 98 A320 NEO Aircraft and expects to take delivery of 8 additional A320 NEOs by fiscal 2022.

The company mainly caters to customers including MSME travellers, leisure travellers within India, leisure Indian travellers travelling overseas, and frequent travellers in tier 1 and tier 2 cities. As of Jan 31, 2020, it has covered a route network of 28 domestic and 9 international destinations with a strong position in key markets such as New Delhi, Mumbai, Pune, and Ahmedabad.

Incorporation Sector IPO Issue Size Website
2004 Airline ₹3,600 Cr https://www.flygofirst.com/

Go Air IPO Objective

Go Airline purposes to utilize funds proceeds from the IPO towards the following;

  1. Prepayment and/or scheduled repayment of the company's borrowings partially or fully.
  2. Replace letter of credits (LoC), issued by aircraft lessors towards securing rental lease payment and maintenance.
  3. Repayment of due to Indian Oil Corporation (IoC) partially or fully.
  4. Meet general corporate purposes.

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Go Air Financials for past 3 Years

Past performance and financial results of Go Air.

Go Air financial
GoAirline Financials (₹ in Cr) 31-Dec-2020 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹14,458.23 ₹14,082.03 ₹11,134.28 ₹7,553.54
Total Income ₹1,438.44 ₹7,258.01 ₹5,936.75 ₹4,601.15
Net Profit/Loss ₹-470.69 ₹-1,270.74 ₹-386.60 ₹-31.21

Go Air IPO Strengths

  • Fuel-efficient, low-cost, and next-generation fleet airline.
  • Strong focus on operational efficiency and reliability.
  • Established position in slot-constrained airports with best-in-class efficiency.
  • Growing air demand by Young Indian travellers and MSME travellers.
  • Demonstrated track record of performance across key performance indicators.

Go Air IPO Threats/Weaknesses

  • Impact of COVID-19 pandemic on business operations, financial performance, and liquidity.
  • Continued payment default under several lease agreements.
  • Levels of indebtedness can adversely affect business operations and profitability performance.
  • Go Airline is having continuous net loss from its business activities, which indicates poor financial performance.

Go Air IPO Recommendations

Go Air IPO DRHP >>Document

Go Air IPO RHP >>Go Air IPO Red Herring Prospectus is not yet available.

Go Air IPO Allotment Status >>Go Air IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Go Airlines (India) Limited
C/O Britannia Industries Limited, A-33, Lawrence Road Industrial Area,
New Delhi,Delhi-110035
India
Website: https://www.flygofirst.com/
Phone: (+91 11) 7156 8136
Email: [email protected]

Go Air IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Go Air IPO Lead Manager

  1. ICICI Securities Limited
  2. Citigroup Global Markets India Private Limited
  3. Morgan Stanley India Company Pvt Ltd
Go Air IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Go Air? Should I apply in Go Air IPO?

Last Updated on 2021-12-08T16:40:45+00:00

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Go Air IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Go Air IPO with Zerodha.

Alternate approch to apply in Go Air IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Go Air IPO Review and Important Updates

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Apply in Go Air IPO online

To subscribe or apply in Go Air IPO, you can use the following methods:

Go Air IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Go Air IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Go Air IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Go Air IPO. Most of the Syndicate Banks provide access to apply in Go Air IPO via ASBA process. You must have your net banking access, DP ID information to apply in Go Air IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Go Air IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Go Air IPO Review and Important Updates

Other relevant question on same topics are:

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Go Air IPO Application is not yet available.

 

Go Air IPO is going to be list on TBD.

Other relevant questions:

When Go Air IPO will be listing? Go Air IPO listing date?Go Air IPO date of listing

 

Go Air IPO Allotment Date is TBD.

Other relevant questions:

Go Air IPO share allotment date?Go Air IPO allotment date?

 


User Reviews

avatar
5. kkka Nov 19 2021 10:08:32 PM Reply
Go Airlines IPO expected listing gain.
avatar
4. Raminder Pal Singh Nov 19 2021 10:08:32 PM Reply
Please confirm Go Airlines IPO GMP (grey market premium) and kostak.
avatar
3. ajay parmar Nov 19 2021 10:08:32 PM Reply
Go Airlines IPO good or bad.
avatar
2. Imran mohd hanif shaikh Nov 19 2021 10:08:32 PM Reply
Go Airlines IPO whether to invest or not.
avatar
1. PRAMODKUMAR POPAT GAIKWAD Nov 19 2021 10:08:32 PM Reply
Go Airlines IPO - CRISIL Rating, Apply or not?.