About Go Airlines IPO
After weathering the turbulent times of the pandemic-triggered travel restrictions, Go Airlines is planning to launch its IPO in a new avatar. As a part of the turnaround plan, the Wadia Group-owned ultra-low-cost carrier, earlier known as Go Air, has rebranded itself as Go First. Between FY19 and FY21, the airline has been consistently facing rough weather. Even in the first half of FY22, the company made a loss of ₹923 crore on account of higher fuel and maintenance costs. But with travel restrictions being removed, the airline will be hoping to scale new heights.
The net proceeds raised through the Go Airlines IPO will be used for reducing debt. The Go First Airlines IPO will also help the company to repay fuel dues to Indian Oil Corporation. The money raised from the Go Air IPO will also be used to replace the letters of credit, given to aircraft lessors with cash deposit.
Here are the key Go Airlines IPO details:
A quick look at Go Airlines IPO’s strengths, risks and threats
Risks and threats
Go Airlines IPO details
| Go Air IPO date
The company has filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI. It has also received a nod from SEBI to launch its IPO. But the Go Airlines IPO’s opening date – in other words, the Go Airlines IPO launch date – hasn’t been announced yet. The Go Airlines IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Go Airlines shares allotment date.
Investors, who receive allotment, can expect Go Airlines shares to be credited in their demat account after the allotment date. Besides this, the Go Airlines IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Go Airlines IPO.
| Go Air IPO price band
The Go Airlines IPO is a book-built issue. The Go Airlines IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Go Airlines IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
Also, the Go Airlines IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Go Air IPO lot size
The Go Airlines IPO details haven’t been declared. Hence, the Go Airlines IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the Go Airlines IPO issue size could be around ₹3,600 crore.
How to apply for the Go Airlines IPO?
If you are interested in this investment opportunity but unsure how to apply for the Go Airlines IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Go Airlines IPO on Upstox:
How to check the Go Airlines IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Go Airlines IPO allotment status:
Open a demat account with Upstox to apply for the Go Airlines IPO
To apply for the Go Airlines IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Go Airlines IPO
You can apply for the Go Airlines IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Go Air IPO means applying for this public issue before it goes live. However, pre-apply for the Go Air IPO isn’t open currently.
The pre-apply for the Go Airlines IPO will begin two days before its launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Go Air IPO opens for subscription.
The dates for the Go Air IPO haven’t been announced yet.
The details about the Go Air IPO’s lot size haven’t been announced yet.
The price band for the Go Air IPO isn’t available currently.
The size of the Go Air IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting Go Air shares to the demat account has not been announced yet.
Go Air shares will on NSE and BSE
The listing date has not been announced yet.