GoAir IPO: Date, Allotment, Review, Details, GMP & RHP

In this article, we will guide you through all the crucial components associated with the Go Air IPO.

This article comprises of all the details, analysis that will give you a brief understanding of the operations of Go Air, its background, about its products and services, its financial status.

Further, the objectives to be accomplished with the Initial Public Offering, the profitability of the proposed IPO, allotment status, grey market premium, share quantum, share price, listing date and other factors incidental thereto.

Also, the Go Air IPO Review will help you in arriving at the decision of whether this IPO is a good investment prospect or not.

Go Air IPO Overview

The ultra-low-cost carrier airline, Go Air now Go First, one of the fastest-growing and economical airlines is all set to bring an IPO worth Rs. 3,600 crores from the public and in pursuance of becoming a listed entity.

The basic objective of the IPO offload some of the outstanding debts and combat the effects of COVID-19.

In this composition, you will find every bit of detail in reference to the proposed IPO, its objects, its current performance, and how the investment in the Go Air IPO affects your investment portfolio.

From its financials to background to the essential critiques by top brokers, we’ve got solutions to all the queries that can cross your mind.

Go Air IPO Important Dates

Go Air IPO Dates have not been disclosed upto now. DRHP was filed with SEBI in May 2021 and an observation letter was received for the same on August 26. The entity is planning to put forth the IPO in January 2022.

Dates of any IPO have a critical part.

Because a date can influence the direction of an IPO largely, which is why every entity takes into consideration all the elements which are likely to impact the IPO and its proceedings.

Go Air IPO Price, Size, Share Offerings

With SEBI approval, the Wadia Group airlines are all geared up to raise funds worth Rs. 3600 crores from the general public by means of Initial Public Offering (IPO).

The price band for determining the Go Air IPO price and Go Air IPO Size is yet to be decided.
The face value of the equity shares of Go Air is Rs. 10.

Go Air IPO Grey Market Premium

Grey market is the market where the stocks are traded unofficially. It is not illegal but since the market is unofficial, there exist no rules and regulations, and is not regulated by the regulators.

Grey Market Premium is the price at which stocks are traded in the Grey Market. Grey market is also seen as a yardstick to foresee the performance of the stock after it will be listed on the mainboard.

As for the Go Air IPO GMP, there are many speculations going around. Amid COVID-19 and the adverse impacts of it have disrupted the operations of the airline largely and which are being reflected in its financial reports.

Therefore, the IPO might not receive a warm welcome. Also, essentially the response is significantly dependent on the performance of the market during the time, IPO is floated.

Go Air IPO Grey Market Premium, as per various reports from sources the IPO is potential and is likely to have a positive GMP.

Go Air IPO Subscription Status

Go Air IPO is expected to be launched soon and thereafter Go Air IPO Subscription Status will also be revealed.

The company is preparing for the IPO and is expecting this IPO to help the airline gain stability presently and growth for the forthcoming time.

The Lead Managers of the issue are:

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

The details in respect of the price band and subscription will be made available in a short time.

For the Latest Bid details click on the above links.

• Go Air IPO LIVE Bid details on BSE
• Go Air IPO LIVE Bid details on NSE

Allotment Status Go Air IPO 

The Allotment status of the Go Air IPO is yet to be updated. Since the IPO is not launched yet, the specifications in regards to the Go Air IPO Allotment are not available.

The allotment will take place as per the following reservations, namely: QIBs: 75%, NII: 15%, and Retail Investors: 10%.

In case the IPO is undersubscribed, the investors will be allotted the number of shares as demanded and in case the IPO is oversubscribed, the allotment will be based on pro-rata or other method as determined by the entity in consultation with experts.

Link Intime India Private Limited is the registrar of the issue. Link Intime extends its operation throughout India and is in the IPO & Corporate Registry business.

It offers services like Total Share Registry Services, Depository Connectivity Services, IPO registry services, and such other services in respect of various issues.

Go Air IPO Live Performance

Go Air IPO will soon go live. Stay updated with every bit. Know all details regarding Go Air IPO Performance, click on the link shown below and stay informed with its current price prevailing in the market, it’s current trading, and performance.

Subscribe to Go Air IPO – Open Free Demat Account Now!

Go Air – Company Review

The cornerstone of Go Air was set in the year 2005 as a fully owned subsidiary of Wadia Group. The Wadia Group is one of the oldest and most profound names and functions in varied industries.

Go Air operates in National as well for International destinations. It is an ultra-low-cost airline serving its customers dedicatedly.

It was ranked as the fifth largest airline in India having an estimated 8.4% passenger market share in October 2017. They aim at offering airline services at a very affordable and convenient measure such that it is accessible by all.

Recently in May 2021, the company was rebranded from Go Air to Go First. As of January 2020, Go Air operated across 41 destinations including 31 domestic destinations and 10 international destinations.

Products or Services

Go Air operating as a low-cost carrier airline aims at offering a comfortable experience on their every flight. They strive at making their services affordable so that it is accessible by all.

The airline’s targeted audiences are the young Indians and MSME travelers and in order to implement their customer strategy, the entity has been rebranded as Go First recently.

Promoters and Holding

The founders of the Gurugram based company, Go Air are NUSLI NEVILLE WADIA, JEHANGIR NUSLI WADIA, NESS NUSLI WADIA, AND GO INVESTMENTS & TRADING PRIVATE LIMITED

The company is professionally managed and does not have any identifiable promoters. The management of Go Air comprises of the following:

• Nusli Wadia holding the position of Chairman
• Ben Baldanza holding the position of Vice-chairman
• Kaushik Khona holding the position of CEO

Is Go Air good for Investment?

Go Airlines (India) Limited is in operations since 2005 and is headquartered in Mumbai. It became the fifth largest airline in India in 2017.

The airline operates Nationally and Internationally with a capacity of 57 fleets across 41 destinations.

Go Air operates daily as well weekly flights. It is a budgeted airline and does not offer complimentary meals on its flight.

Go Air Financial Statements

Go Air IPO Review

Instituted as Go Air, now Go First is all set to hit the market with the IPO of Rs. 3,600 crore.

The proportions as reserved for different categories of investors are: for QIBs ­– 75%, for NII – 15%, and for RII – 10% respectively.

The successful implementation of the IPO will result in giving the entity stability and capacity to run its operations effectively.

Go First is an Ultra-low-cost carrier (ULCC) comprising of around 57 aircraft to serve their consumers. The subsequent shares will be listed on NSE and BSE.

Go Air IPO Details

Here are a few more details you need to know before investing in Go Air IPO –

Go Air IPO Issue Object

Go Air has proposed diverse objectives for making the IPO offer and some of the objectives are:

• Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by our Company;
• Replacement of letter of credits, which are issued to certain aircraft lessors towards securing lease rental
  payments and future maintenance of aircraft, with cash deposit;
• Repayment of dues to Indian Oil Corporation Limited, in part or full, for fuel supplied to our Company; and
• General corporate purposes.

Go Air IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Simple, fuel-efficient, and next-generation fleet;
• Strong focus on operational efficiency and reliability;
• Established position in slot-constrained airports, with best in class efficiency;
• Selling experiences for the young Indian leisure and MSME travelers;
• Demonstrated track record of growth across key performance indicators; and
• Highly experienced Board and management team compliant with corporate governance and backed by the
  Wadia group

Quantitative factors are:

Go Air IPO Lead Managers

Here is the list of Lead managers –

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

Go Air IPO Registrar to offer

Check out the details of the registrar here –

Link Intime India Private Limited
C-101, 1st Floor, 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: INR000004058

Go Air IPO – Other Details

• Statutory Auditor – MSKA & Associates, Chartered Accountants
• Legal Counsel to the Company – Khaitan & Co
• Bankers to the Company – Central Bank of India, Bank of Baroda, BNP Paribas, and Axis Bank Limited

Go Air IPO Verdict by Stock Brokers

Review by Angel One: While Go Air may have achieved unicorn status, it is still a loss-making entity.

However, it remains to be seen how this company will perform on the bourses, given that several new rules have been implemented.

Go Air IPO – Conclusion

As per experts and reports published in respect of the proposed IPO by Go Air, the IPO has been initiated with the purpose of supporting the drowning circumstances of the airline.

The proceeds will be employed towards making payments towards the outstanding debts and combating the drawbacks of the COVID-19 wave.

Due to COVID-19, the airline had to pause its international flights leading to constraining its operations.

Ever since the situations are changing and the market is trying to stand back, the airline is also coming up and proposing its IPO to maintain stability and its operations in the long run.

To Subscribe to Go Air IPO – Open Demat Account Now!

Go Air IPO Review FAQs

Check out the FAQs on Go Air IPO –

What is the Issue Size of Go Air IPO?

The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.

You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Go Air IPO?

The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.

What is the Go Air IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

What is the Go Air IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO.

Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

What is the Go Air IPO Listing Date?

Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

Who is the Registrar of Go Air IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Go Air IPO?

Here are the promoters of this IPO – NUSLI NEVILLE WADIA, JEHANGIR NUSLI WADIA, NESS NUSLI WADIA AND GO INVESTMENTS & TRADING PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Go Air IPO?

They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Is Go Air IPO good for Investment?

They have further provided the financial status of the company in this article, from the past few years.

You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Go Air Company?

They have the information of company financials, and according to that, they have the figures from the last few years to provide.

PAT for the financial year 2021 in Million is (12,707.4), 2020 is (3,866.0), 2019 is(312.1). PAT from Dec 2021 is (4,706.9).

Featured Topics