Read Go Air India IPO Date, Price, GMP, Allotment, Listing, Issue Size & All Details You Need To Know and company data and Grey market price in Comments, Article Published in Initial public offering section on e akhabaar
The Indian airline company ‘Go Air India Ltd’ is all set to initiate its first-ever public issue. According to the reports, Draft Red Herring Papers (DRHP) have been filed by the company in Sebi for the further procedure to initiate IPO. Meanwhile, it was reportedly found that Go Air planning to raise Rs 3,600 crore capital via this Initial Public Offer. Here are the complete details about this upcoming IPO 2023. Go Air IPO will be an issue till the next month as expected by us.
Although, In this regard, there is another statement available that the company is in consultation with its lead managers to issue shares through a preferential issue or any other method to raise up to ₹1,500 crores.
Go Air IPO DRHP Filing with Sebi
There is a prediction that after raising the capital through this IPO company will close certain previous borrowings of Rs 2,015.81 crore. The dues include Rs 254.93 crore of Indian Oil Corporation.
On the other side, Rs 279.26 crore will be used for the replacement of letters of credit that are issued to certain aircraft lessors towards securing a lease. Even it will be used to improve the aircraft functioning and replace parts that are needed for the security and safety of passengers.
Go Air is the first company to offer low-cost flights among many companies. The Airline company Go Air was set up in Mumbai, Maharashtra in 2005. Currently, it marked its place under the top 5 Indian Airlines. The company achieving growth and massive goals with an 8.4% Market Share.
Go Air IPO Date Review & Details
| IPO Open Date | Updated Soon |
| IPO Close Date | Updated Soon |
| Basis of Allotment Date | Updated Soon |
| Initiation of Refunds | Updated Soon |
| The credit of Shares to Demat Account | Updated Soon |
| IPO Listing Date | Updated Soon |
For the fiscal year 2023, total income for the company stood at ₹7,258.01 crores versus ₹5,936.75 crores a year ago. Net loss for the period widened at ₹1,270.74 crores against ₹386.60 crores a year ago. Now here is the time to discuss the tentative Time table of this IPO which includes Go Air IPO Date, Price, Listing, Allotment, Grey Market Price.
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