Go Airlines (India) Limited IPO (GoAir IPO) Detail

Go Airlines (India) Limited IPO (GoAir IPO) Detail

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Incorporated in the year 2004, GoAir is an ultra-low-cost carrier (ULCC) airline focused on providing affordable and accessible air travel to the people.

The company's target customers are young Indians, leisure customers, and MSME business travellers.

The company is focused on maintaining a low-cost base and high utilization of its modern and fuel-efficient fleet.

As of February 2021, GoAir's fleet inventory consisted of 56 aircraft. The company has an order book of 98 A320 NEO aircraft and by the end of fiscal 2024, GoAir is planning its fleet to solely be comprised of A320 NEO aircraft.

The company's passenger volume has increased at a CAGR of 22.4% from 10.8 Mn passengers in FY 2018 to 16.2 Mn passengers in FY 2020. As of January 2020, GoAir covered a network of 28 domestic and 9 international destinations.

The company is in the process of re-branding itself as "Go First" and has already started using the "Go First" trademark and brand name.

Competitive Strengths:

Fuel-efficient, next-generation fleet

Strong focus on operational efficiency

Strategic network for slot-constrained airports

Leisure travellers and MSEME businesses as target customers

Track record of growth across key performance indicators

Experienced Board and management team backed by the Wadia group

Company Promoters:

Nusli Neville Wadia, Jehangir Nusli Wadia, Ness Nusli Wadia and Go Investments & Trading Private Limited are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)

Particulars
For the year/period ended (₹ in Millions)

31-Dec-20
31-Mar-20
31-Mar-19
31-Mar-18

Total Assets
1,44,582.31,
40,820.31,
11,342.87
5,535.4

Total Revenue
14,384.47
2,580.15
9,367.54
6,011.5

Profit After Tax
-4,706.9
-12,707.4
- 3,866.0
- 312.1

Objects of the Issue:

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

GoAir IPO Details

IPO Opening Date & Closing Date

*Go Air IPO*

Dates : *8-10 Dec*

Anchor : *7 Dec*

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Issue Type: Book Built Issue IPO

Face Value: ₹10 per equity share

IPO Price: [.] to [.] per equity share

Market Lot: Min Order Quantity

Listing At: BSE, NSE

Issue Size: Fresh Issue

[.] Eq Shares of ₹10
(aggregating up to ₹3,600.00 Cr)

GoAir IPO Promoter Holding

Pre Issue Share Holding100%Post Issue Share Holding

GoAir IPO Prospectus

  ›  GoAir IPO DRHP

GoAir IPO Rating

Company Contact Information

Go Airlines (India) Limited
C/O Britannia Industries Limited, A-33,
Lawrence Road Industrial Area,
New Delhi 110035, NCR
Phone: (+91 11) 7156 8136
Email: compliance.officer@goair.in
Website: https://www.flygofirst.com/

GoAir IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: goair.ipo@linkintime.co.in
Website: https://linkintime.co.in/

GoAir IPO Reviews / Ratings

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GoAir IPO Lead Manager(s)

Citigroup Global Markets India Private Limited

ICICI Securities Limited

Morgan Stanley India Company Pvt Ltd

Lead Manager Reports

Lead Manager Performance Tracker

List of IPOs handled by a Lead Manager

GoAir IPO FAQs

What is GoAir IPO?

GoAir IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per equity share. The minimum order quantity is .

The GoAir IPO open and close dates are not available as of now.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.