GoAir IPO Review, GoAir IPO Details, GoAir IPO GMP, GoAir IPO Subscription Status.

GoAir IPO Review, GoAir IPO Details, GoAir IPO GMP, GoAir IPO Subscription Status.

Aviation sector giant GoAir is set to raise funds from the primary market through a public issue (IPO). According to a PTI report, GoAir will launch an IPO to raise Rs 2500 crore. Sources said that this IPO can be launched by September 2021, after which you will be able to subscribe to it. For this IPO, the company can file a draft red herring prospectus (DRHP) with the market regulator SEBI in the Second Week of April 2021.

Sources associated with the matter had earlier told CNBC-TV18 that GoAir would issue around 25% equity shares of the company to raise Rs 3500 to 4000 crores. But now reports are coming that the company will bring an IPO of Rs 2500 crore.

According to the report, the funds raised through this IPO will be used by the company to repay its debt and to meet the needs of working capital. Let us tell you that as of March 2020, the company had a debt of Rs 1780 crore. Therefore, after getting money from IPO, Company can repay all its dues and can become Debt Free Company

According to sources, GoAir has appointed ICICI Securities, Citi and Morgan Stanley as its lead managers for this IPO. However, the company has not officially said anything about this.

Let us tell you that GoAir was planning to launch IPO for the last several years, but the company has not been able to launch an IPO so far due to the constant change in top management. GoAir serves a total of 30 routes, including 10 international routes.

Let us tell you that last month GoAir got a credit line of Rs 800 crore from banks, which will help the company to meet its needs in this time of crisis due to Covid.

According to the Annual Statement of March 2020, Bombay Burmah, Britannia and Bombay Dyeing have no stake in GoAir owned by the Wadia Group.

So Let's Wait for GoAir IPO and details for the IPO will be updated here soon, once Available.