Go Airlines (India) Limited IPO (GoAir IPO) Company Profile: –
The GoAir is owned by Wadia Group started the airlines in 2005. GoAir is 5th largest airlines company in India, they operates daily more than 300 flights including 36 destinations in which 27 are domestic destination and 9 international destinations. Go Airlines are an ultra-low-cost carrier (“ULCC”) and one of the fastest growing airlines in India, they have increased domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020 (Source: CAPA Report) .They focus on maintaining low unit costs and delivering compelling value to customers that drives their unit revenues. Company focuses on young Indians and MSME businesses, they try to offer unique offer and attractive rates to large and growing segments of the Indian population. Majority of their travel routes are from Mumbai, Delhi, Bangalore, Kolkata, Chandigarh and Kannur. Company has plan to have only A320 NEO Aircraft, since they are fuel efficient, They have highest percentage of next generation aircraft and has placed order of 98 A320 NEO aircraft. The company is rebranding itself from “Go Air “to “Go First”.
Go Airlines (India) Limited IPO (GoAir IPO) Details –
| Issue Open | – |
| Price Band | – |
| Issue Type | Book Built Offer |
| Issue Size (Value) | – |
| Face Value | Rs.10.00 |
| Issue price | – |
| Minimum lot | – |
| Market Lot | – |
| Stock Exchange | NSE,BSE |
| QIB Portion | 75% |
| NIB Portion | 15% |
| Retail Portion | 10% |
| Fresh Issue | Rs. 3600 Crore |
| Offer for Sale | – |
Go Airlines (India) Limited IPO (GoAir IPO)
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Go Airlines (India) Limited IPO (GoAir IPO)
Application Form
Go Airlines (India) Limited IPO (GoAir IPO) Financial Performance:
| Particulars (in Rs. Cr.) | As at/ for the year ended December 31, 2020 | As at/ for the year ended March 31, 2020 | As at/ for the year ended March 31, 2019 | As at/ for the year ended March 31, 2018 |
| Net Worth | -1961.5 | 1490.70 | -1012.80 | -625.84 |
| Total revenue | 1438.44 | 7258.01 | 5936.75 | 4601.15 |
| Net Loss | 470.69 | 1270.74 | 386.6 | 31.21 |
| Net cash inflow/ (outflows) | 232.08 | 1737.80 | 1995.19 | 1407.35 |
Go Airlines (India) Limited IPO (GoAir IPO) Shareholding Pattern:
| Particulars | Pre-Issue |
| Promoters & Promoters Group | 100% |
| Public | – |
Positive outlook of the Firm:
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Being a low cost airline they are constantly gaining market share.
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They Major focus is on young Indian which is a growing and large market, as per capita Income of Indian grows travel in India is going to explode.
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Majority of their fleet are next generation which are fuel efficient.
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India is a very big market and many airline are now bankrupt, so the opportunity for them is big since they have very strong promoter backing.
Objective of the Issue:
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Payment of outstanding Borrowing of the Company
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Repayment of letter of credit which are issued to aircraft lessor and also for maintenance of aircraft
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Repayment of dues to oil companies for the oil supplied to the company
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General corporate purposes.
Promoters of the company:
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The Promoters of our Company are Nusli Neville Wadia, Jehangir Nusli Wadia , Ness Nusli Wadia and Go Investments.
Lead Manager Details
1) ICICI Securities Limited Limited
ICICI Securities Limited ICICI Centre H.T. Parekh Marg Churchgate Mumbai 400 020 Maharashtra
Telephone no.: (+91 22) 2288 2460
E-mail: goair.ipo@icicisecurities.com Investor grievance
E-mail: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact Person: Rishi Tiwari / Vaibhav Saboo
SEBI Registration No.: INM000011179
2) Citigroup Global Market India Private Limited
1202, 12th Floor, First International Financial Centre G-Block Bandra Kurla Complex Bandra (East) Mumbai 400 098 Maharashtra
Telephone no.: (+91 22) 6175 9999
E-mail: goair.ipo@citi.com
Investor grievance e-mail: investors.cgmib@citi.com
Website: www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm
Contact Person: Siddharth Sharma
SEBI Registration No.: INM000010718
3) Morgan Stanley India Company Private Limited
18th Floor, Tower 2 One World Centre Plot – 841, Jupiter Textile Mill Compound Senapati Bapat Marg, Lower Parel Mumbai 400 013 Maharashtra
Telephone no.: (+91 22) 6118 1000
E-mail: goairipo@MorganStanley.com
Investor grievance e-mail: investors_india@morganstanley.com
Website: www.morganstanley.com
Contact Person: Ruchin Gupta
SEBI Registration No.: INM000011203
4) Link Intime India Private Limited
C-101, 1st Floor, 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: INR000004058