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Let’s have a detailed GoAir IPO review of the company and analytics of the Go Airlines IPO release date, offer price, subscription, GoFirst IPO allotment, grey market price, and other details like the company’s background, its financial positions, Go Air IPO promoters, and other related things.

Face ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs 36,000 Million
Tick Size1

 


Go Airlines IPO – Summary

Go Airlines IPOThey are an ultra-low-cost carrier (“ULCC”) focused on maintaining low unit costs and delivering compelling value to customers that drive their unit revenues. They are one of the fastest-growing airlines in India, with an increase in domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020.

Their target customers are young Indians and MSME businesses, and they believe their product and service offerings are uniquely attractive to these large and growing segments of the Indian population.

The young urban and middle-class demographic in India constitutes a majority of the Indian population. More than 75% of the population in India is below the age of 45 years, of which approximately 35% live in urban areas while the MSME businesses segment in India contributed 33.5% of the GVA of India.

The Promoter of this company is NUSLI NEVILLE WADIA, JEHANGIR NUSLI WADIA, NESS NUSLI WADIA AND GO INVESTMENTS & TRADING PRIVATE LIMITED. The lead manager to the issue is ICICI Securities Limited, Citigroup Global Markets India Private Limited, and Morgan Stanley India Company Private Limited, and the Registrar to this issue is Link Intime India Private Limited.


Go Airlines IPO Date

The opening and the closing date of the IPO of GoAir are not available yet.

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Go Airlines IPO GMP
GoAir IPO Allotment

Go Airlines IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Go Airlines IPO LIVE Subscription

  • GoAir IPO LIVE Bid details on BSE
  • GoAir IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Go Air IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Go Airlines IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Go Airlines IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


Go Airlines IPO Size

This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Go Air IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.36,000 Million


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    Go Airlines IPO – Go Air share price performance

    Check out the live share price by clicking on the below link. You can check the live performance of the IPO here, only after it is listed on exchanges.


    Go Airlines IPO Grey Market Premium

    The Go First Limited IPO Grey Market Premium price is Rs 0, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0. 


    Go Airlines IPO – Company Overview

    As a ULCC, they are focused on maintaining a low-cost base and high utilization of their modern and fuel-efficient fleet. As of February 10, 2021, their fleet inventory consisted of 56 aircraft, of which 46 aircraft were A320 NEO models and 10 were A320 CEO models.

    Of these 10 A320 CEOs, three were in the process of redelivery, which will further enhance the homogenous nature of their fleet. All their aircraft use the same airframe and are ‘sister’ ships with common configurations to reduce operational and maintenance costs.

    All their aircraft employ high-density seating with a single cabin configuration. The average age of their aircraft was 3.7 years, which, according to CAPA, was the youngest average fleet age among Indian LCC carriers and one of the youngest fleets of any LCC globally. A320 NEOs are 17-20% more fuel-efficient than A320 CEOs and constitute 82% of their fleet size (as of February 10, 2021).

    Their Operating CASK of 3.06, Fuel CASK of 1.27, Maintenance CASK of 0.60, and Employee Benefits CASK of 0.45 in fiscal 2020 are the lowest among LCCs in India.


    Go Airlines IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    31-Dec-2031-Mar-20Mar-1931-Mar-18
    Total Assets1,44,582.31,40,820.31,11,342.875,535.4
    *Total Revenue14,384.472,580.159,367.546,011.5
    Total Expense21,758.691,617.368,459.447,043.6
    Profit After Tax(4,706.9)(12,707.4)(3,866.0)(312.1)

    Earnings per Equity Share (in Million)

    31-Dec-2031-Mar-20Mar-1931-Mar-18
    Basic & Diluted(29.89)(82.48)(25.47)(2.08)

     


    GoAir IPO – Promoters

    The Promoter of this company is:

    1. NUSLI NEVILLE WADIA,
    2. JEHANGIR NUSLI WADIA, NESS NUSLI WADIA
    3. GO INVESTMENTS & TRADING PRIVATE LIMITED

    List of Related Parties (Key Managerial Personnel)

    • Nusli Neville Wadia, Chairman, and Non-Executive Director
    • Ness Nusli Wadia, Non-Executive and Non-Independent Director
    • Ben Baldanza, Vice Chairman, Non-Executive and Non-Independent Director
    • Yashwantrao Shankarrao Patil Thorat, Non-Executive and Independent Director
    • Keki Manchersha Elavia, Independent Director
    • Varun Berry, Independent Director

    GoFirst IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Go Airlines IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.36,000 Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue19,95,00,000 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Go Airlines IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by their Company
    2. 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
    3. Repayment of dues to Indian Oil Corporation Limited, in part or full, for fuel supplied to their Company
    4. General corporate purposes

    Go Air IPO – Business Strategy

    • Reduce or restrain unit costs through disciplined execution of the ULCC Model
    • Expand and optimize network
    • Differentiated initiatives and multiple touchpoints for customers
    • Grow ancillary revenue
    • Maintain a strong capital structure to support their growth strategies and expansion of their fleet

    GoAir 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
    • Highly experienced Board and management team compliant with corporate governance and backed by the
      Wadia group.

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-20(82.48)NA(94.6)
    31-Mar-19(25.47)NA
    Mar-18(2.08)NA

    Go Air IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Million)
    Go Airlines Limited10[●](82.48) NA72,580.1
    Listed Peers
    Interglobe Aviation Limited10(6.07) (4.0)372,915.1
    Spicejet Limited
    10(15.61) NA131,347.5

    GoAir IPO Lead Managers

    Lead Managers
    ICICI Securities Limited

    Citigroup Global Markets India Private Limited

    Morgan Stanley India Company Private Limited

    GoAir IPO Registrar to offer

    Registrar to the Offer
    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 First IPO – Other Details

    • Statutory Auditor – MSKA & Associates, Chartered Accountants
    • Legal Counsel to the Company – NA
    • Bankers to the Company –  NA


    Go Airlines IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Go Airlines Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Go Airlines Ltd IPO Review FAQs

      What is the Issue Size of GoAir 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 GoAir 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.10 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 First 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 First 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 First 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 GMP of GoAir IPO?

      They have obtained the GMP of this IPO and it is Rs. 0. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is GoAir 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 Airlines 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 2020 in Million is (12,707.4), 2019 is (3,866.0), 2018 is (312.1). PAT from Dec 2020 is (4,706.9).


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