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Go Airlines IPO

Go Airlines IPO

upcoming
TBAMin. investment

Go First (Go Airlines) IPO Details

IPO type
Regular
RHP/DRHP
Read

Go Airlines IPO Timeline

  1. Pre-apply
    To be announced
  2. Bid start
    To be announced
  3. Bid end
    To be announced
  4. Allotment
    To be announced
  5. Release of funds
    To be announced
  6. Demat transfer
    To be announced
  7. Listing
    To be announced
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.

Go Airlines IPO Contact Details

Company NameGo First (Go Airlines)

How to apply for Go Airlines IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Go First Go Airlines IPO FAQs