Go First aka GoAir filed a DRHP with SEBI for a 3600 crore IPO. The GoAir airline was founded in 2005 by the Wadia Group. The company used to be known as GoAir, but it has since been renamed Go First. According to 2017 figures, the company is the fifth largest airline company in India, with a market share of approximately 8.4%.
They operate around 300 flights every day, with 36 destinations, 27 domestic and 9 foreign. Go First is India’s ultra-low-cost airline, serving domestic and international routes with a focus on young Indians, leisure clients, and MSME business travellers. The retail element of the IPO is 10%, while the QIB portion is 75% and the NII portion is 15%. GoAir’s first public offering (IPO) will be listed on both the NSE and the BSE. Stay tuned for further information on the GoAir IPO.
Important 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).
About GoAir
GoAir is the aviation launch of India’s Wadia Group, which is part of one of India’s oldest conglomerates having a presence in a variety of industries. The Wadia group includes leading brands such as the 150 year old The Bombay Burmah Trading Corporation Limited, the 140-year-old Bombay Dyeing and Manufacturing Company Limited, the 102-year-old Britannia Limited, the 66-year-old National Peroxide Limited, the decade-old Wadia Reality Private Limited, and many others. GoAir is a low-cost airline (LCC) that strives to make air travel more affordable and accessible to the general public. GoAir was founded on April 29, 2004, and its first flight from Mumbai to Ahmedabad took place in November 2005. It has flown 83.8 million people between fiscal 2010 and December 31, 2020.
We advertise our brand and the clear brand slogan ‘Fly Smart‘ to our passengers. Between September 2018 and November 2019, our airline was the industry leader in on-time performance for 15 consecutive months, and we had the fewest flight cancellations for fiscal 2021, as of January 31, 2021. It has the industry’s second-highest load factor of 88.9% in fiscal 2020, with one of the lowest customer complaints in fiscal 2021 for the period ending January 31, 2021. As of February 10, 2021, the GoAir fleet consisted of 56 aircraft, 46 of which were A320 variants and 10 of which were A320 CEO versions. We currently have 98 A320 NEO aircraft on order and plan to get eight more in fiscal 2022, 14 in fiscal 2023, and 14 in fiscal 2024. We make every effort to adhere to the finest safety practises. Our dedication to safety and security is reflected in the maintenance of our aircraft and engines, the extensive training offered to pilots, cabin crew, and employees, and the strict policies and procedures in place that guarantee compliance with local regulations, international standards, and best practises in all areas of our business that deal with aircraft operations.
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 GMP, 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 |
GoAir IPO Market Lot
The GoAir IPO minimum market lot is – shares with ₹- application amount. The retail investors can apply up-to – lots, – shares with ₹- application amount.
| 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 |
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GoAir IPO Date, Time Table, Allotment & Listing
The GoAir IPO date is January 2022 and the IPO close date is January 2022. The allotment date is January 2022 and the IPO may list on January 2022.
| 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.
GoAir Company Financial Report
| ₹ in Crores | Revenue | Expense | PAT |
|---|---|---|---|
| 2019 | ₹5937 | ₹6846 | -₹387 |
| 2020 | ₹7258 | ₹9162 | -₹1271 |
| 2021 6M | ₹1438 | ₹2176 | -₹471 |
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: [email protected]
Website: https://www.linkintime.co.in
Investor grievance e-mail: [email protected]
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR00000405
Company Address
Go Airlines (India) Ltd
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 400025, Maharashtra
Telephone no.: (+91 22)6741 0000
Website: https://www.goair.in
Contact Person: Niranjan Karde
Company Secretary and Compliance Officer
Telephone no.: (+91 22)67420028
E-mail: [email protected]
Corporate Identity Number: U63013DL2004PLC217305
GoAir IPO FAQs:
Q1. What is GoAir IPO?
Ans. GoAir IPO is a main-board IPO. They are going to raise ₹3600 Crores via IPO. The issue price band is ₹- to ₹- per equity share. The IPO is to be listed on BSE & NSE.
Q2. When GoAir IPO will open?
Ans. The IPO is to open on January 2022 for QIB, NII, and Retail Investors.
Q3. What is GoAir IPO Investors Portion?
Ans. The investors’ portion for QIB is 75%, NII 15%, and Retail 10%.
Q4. How to Apply the GoAir IPO?
Ans. You can apply GoAir IPO via ASBA online via your bank account. You can also apply ASBA online or via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the GoAir IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “GoAir”. 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 mandate. Open Demat Account with Zerodha.
Q6. How to Apply the GoAir IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “GoAir”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
Q7. What is GoAir IPO Size?
Ans. GoAir IPO size is ₹3600 crores. The IPO comprises ₹3600 crores of fresh issues and offers for sale of – equity shares.
Q8. What is GoAir IPO Price Band?
Ans. GoAir IPO Price Band is ₹- to ₹- per equity share.
Q9. What is GoAir IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is – shares with ₹- amount while the maximum bid is – shares with ₹-.
Q10. What is GoAir IPO Allotment Date?
Ans. GoAir IPO allotment date is January 2022.
Q11. What is GoAir IPO Listing Date?
Ans. GoAir IPO listing date is December 2021. The IPO to list on BSE and NSE.
