The private corporation GoAir is going to strike the share market by offering GoAir IPO in December 2021. So, Today we are going to discuss the company’s planning for offering shares to the public. According to the company’s objective, they are going to raise around ₹3600 crores through Initial Public Offering. The company hasn’t revealed yet that how many shares they will offer for the sales. We will get you updates as the company announced the necessary details of the IPO.
But for now, they will give a 35% quota for the retail investors while QIB and HNI will be 75% and 15%. In the next paragraph, we would like to have your attention to the company’s Background and IPO Details.
GoAir IPO Review & Company Details
Go First a.k.a GoAir is a private airlines service corporation that was established in the year 2005. In the same year. the Wadia Group had had the ownership of the company. In the initial phase, the company was known by the name GoAir and then it was renamed and Today it is recognized as the Go First.
As per the sources, the company is counted as the 5th largest airlines service all over India since 2017 and holds around 8.4% of market shares. They have more than 300 flights under the corporation including 36 destinations and 27 domestic and 9 international destinations.
Go First is known for the low-cost airline services with several domestic and international destinations for young Indians, leisure customers, and MSME business travellers. Let’s have a look at the GoAir IPO Review & Details.
GoAir IPO Price, Dates, & GMP
| IPO Opening Date | – |
| IPO Closing Date | – |
| 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 | Approx ₹3600 crores |
| Fresh Issue | Approx ₹3600 crores |
GoAir IPO Market Lot Size
The ESDS Software IPO minimum market lot size is – shares with the ₹-application amount. The retail investors can apply up to 13 lots-share with the ₹-application amount.
| APPLICATION | LOTS | SHARES | AMOUNT (CUT-OFF) |
|---|---|---|---|
| Minimum | 1 | – | – |
| Maximum | 13 | – | – |
GoAir IPO Date, Time Table, Allotment & Listing
The ESDS Software IPO Open Date is Dec 21, 2021, and the close date is Dec 2021. The issue may list on Dec 31, 2021.
| IPO Open Date | December 2021 |
| IPO Close Date | December 2021 |
| Basis of Allotment Date | December 2021 |
| Initiation of Refunds | December 2021 |
| The credit of Shares to Demat Account | December 2021 |
| IPO Listing Date | December 2021 |
GoAir Company Financial Report
| ₹ in crores | |||
| Income | Expense | Profit After Tax | |
| 2019 | ₹5937 | ₹6846 | -₹387 |
| 2020 | ₹7258 | ₹9162 | -₹1271 |
| 2021 | ₹1438 | ₹2176 | -₹471 |
Soon, we will get you a review of the company’s IPO once they officially released their shares in the share market. For now, these are the following data that indicates company strength, motive and etc. The first thing you need to keep in mind is that the company couldn’t rid off of losses in the last three years as per their financial reports. so, we hope it is essential for now. For more company, IPOs updates and reviews keep following us on All Social Updates.