Friday, January 14, 2022

GoAir IPO Date, Review, Price, Form & Market Lot Details

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.

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).





    GoAir IPO Review

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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

    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

    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 - 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

    GoAir is the aviation foray of India's Wadia Group, which is a part of one of the oldest conglomerates in India with a presence in diversified industries. The Wadia group comprises leading brands including 150-year-old The Bombay Burmah Trading Corporation Limited, 140-year-old Bombay Dyeing and Manufacturing Company Limited, 102-year-old Britannia Limited, 66-year-old National Peroxide Limited, the decade-old Wadia Reality Private Limited, and many others. GoAir is a low-cost carrier (LCC) that aims to make air travel affordable and accessible to the masses. GoAir was incorporated on April 29, 2004, and commenced flight operations in November 2005 with its inaugural flight from Mumbai to Ahmedabad. It has flown 83.8million passengers since fiscal 2010 and as of December 31, 2020.

    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
    Note: Check GoAir IPO allotment status on Linkintime website allotment URL. Click Here

    GoAir IPO Lead Managers

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

    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: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

    GoAir IPO FAQs


    What is GoAir IPO?

    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.

    When GoAir IPO will open?

    The IPO is to open on January 2022 for QIB, NII, and Retail Investors.

    What is GoAir IPO Investors Portion?

    The investors' portion for QIB is 75%, NII 15%, and Retail 10%.

    How to Apply the GoAir IPO?

    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.

    How to Apply the GoAir IPO through Zerodha?

    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.

    How to Apply the GoAir IPO through Upstox?

    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.

    What is GoAir IPO Size?

    GoAir IPO size is ₹3600 crores. The IPO comprises ₹3600 crores of fresh issues and offers for sale of - equity shares.

    What is GoAir IPO Price Band?

    GoAir IPO Price Band is ₹- to ₹- per equity share.

    What is GoAir IPO Minimum and Maximum Lot Size?

    The minimum bid is - shares with ₹- amount while the maximum bid is - shares with ₹-.

    What is GoAir IPO Allotment Date?

    GoAir IPO allotment date is January 2022.

    What is GoAir IPO Listing Date?

    GoAir IPO listing date is December 2021. The IPO to list on BSE and NSE.

    Note: The GoAir IPO details are not announced officially. The IPO grey market premium (GoAir IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)