GoAir IPO GMP, Grey Market Premium Kostak & Subject to Sauda Today

GoAir IPO GMP, Grey Market Premium Kostak & Subject to Sauda Today:- Here we provided GoAir IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. GoAir IPO GMP is not started yer in the grey market but it will have some numbers soon.

GoAir IPO to hit the market in December 2021. The company to raise ₹3600 crores via IPO. Go First is 5th largest airlines company in India (as per 2017 data). GoAir rebranded itself as “Go First”. They are operating around 300 flights daily in 36 destinations and 27 domestic and 9 international destinations. The company reported revenue of ₹1438 crore in 6M in 2021 against the revenues of ₹7258 crores in 2020. The Go First aka GoAir IPO to list on NSE and BSE.

 

GoAir IPO GMP, Grey Market Premium Kostak & Subject to Sauda Today

 

What is GoAir IPO GMP Today?

The GoAir IPO GMP aka grey market premium is ₹-.

 

What is GoAir IPO Kostak Rates Today?

The GoAir IPO kostak rate is ₹-.

 

What is GoAir IPO Subject to Sauda Price Today?

The GoAir IPO subject to sauda rates is ₹-.

 

GoAir IPO Expected Returns?

The GoAir expected return is -.

 

GoAir IPO GMP Live Rates day by day with Kotak rates.

Date GMP
Kostak Subject to
10 December ₹- ₹- ₹-
09 December ₹- ₹- ₹-
08 December ₹- ₹- ₹-
07 December ₹- ₹- ₹-
06 December ₹- ₹- ₹-

 

GoAir IPO Date & Price Band

 IPO Open:  08 December 2021
 IPO Close:  10 December 2021
 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:  35%
 QIB Quota:  50%
 NII Quota:  15%
 Discount:  N/A
 DRHP Draft Prospectus:  Click Here
 RHP Draft Prospectus:  Click Here

 

GoAir IPO Market Lot

 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 08 December 2021 and the IPO close date is 10 December 2021. The allotment date is December 2021 and the IPO may list on December 2021.
 Price Band Announcement: December 2021
 Anchor Investors Allotment:  December  2021
 IPO Open Date:  08 December 2021
 IPO Close Date:  10 December 2021
 Basis of Allotment:  December 2021
 Refunds:  December 2021
 Credit to Demat Account:  December 2021
 IPO Listing Date:  December 2021

 

GoAir IPO Reservation :

Go Air IPO Total Reservation of – shares are to be bid for the public issue by Go Air IPO with – for QIB and – for NII – For RII & – Shares EMP.

Category Reservation Shares Amount
QIB : 75 %
NII : 15 %
RII : 10 %
EMP : – %
Total : 100 %

 

Promoters

  • NUSLI NEVILLE WADIA
  • JEHANGIR NUSLI WADIA
  • NESS NUSLI WADIA
  • GO INVESTMENTS & TRADING PRIVATE LIMITED

 

About GoAir

Go First was founded as GoAir in November 2005 by Jeh Wadia, son of Indian industrialist Nusli Wadia. The airline is a wholly-owned subsidiary of the Wadia Group. GoAir commenced its operations using an Airbus A320 aircraft and operated its inaugural flight from Mumbai to Ahmedabad on 4 November 2005. The airline initially operated with a single aircraft to four destinations including Goa and Coimbatore with plans to induct 36 aircraft by 2008. In March 2008, the airline announced revised plans to operate 11 aircraft and service new destinations in the North East and South India by the end of the year. Increasing fuel prices forced Go First to cut down the existing number of flights in June 2008.

In January 2009, British Airways was interested in buying a stake in the airline. In November 2009, GoAir entered into talks with Indian airline SpiceJet over a possible merger that ended in a no-deal. In April 2012, GoAir became the fifth largest airline in India in terms of market share following the demise of Kingfisher Airlines. In 2013, the airline appointed investment bank JP Morgan to scout for potential investors. The airline’s growth has been slow compared to other airlines established at the same time such as IndiGo and SpiceJet, which have larger market share, fleet size and destinations served as of 2016.

According to the airline, it is a planned strategy due to the tough aviation environment in India and to focus on maintaining profitability rather than on capturing market share and increasing the destinations and fleet size. As of February 2016, it was the fifth-largest carrier in the country with an 8% market share. The airline is planning for an initial public offering (IPO) in 2020. The airline took delivery of its 20th aircraft in June 2016, making it eligible to operate international flights.

GoAir became the sixth Indian domestic carrier to fly international when it launched its inaugural flight to Phuket from New Delhi on 11 October 2018. In May 2021, GoAir was rebranded as Go First

The airline is headquartered in Mumbai, India. Jehangir Wadia served as the Managing Director of the airline from its inception until his resignation in 2021. Kaushik Khona is the CEO of Go First.

 

GoAir IPO Lead Managers

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

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