GoAir is an Indian ultra-low-cost airline based in Mumbai, Maharashtra. It commenced operations in November 2005 and operates a fleet of Airbus A320 aircraft in all economy configuration.
GoAir is file a draft red herring prospectus (DRHP) for its Initial Public Offering (IPO) in April to raise around Rs 4,000 Crore. The company will raise Rs 3,500-4,000 Crore via issuance of over 25 percent equity.
This IPO is managed by ICICI ICICI Securities, Citi group, and Morgan Stanley.
The IPO will be an issue till the next month as expected by us. The company had applied for a debt restructuring under the Reserve Bank of India’s one-time debt restructuring scheme.
IPO Listing & Details
|IPO Open Date||Will Updated Soon|
|IPO Close Date||Will Updated Soon|
|Allotment Date||Will Updated Soon|
|Initiation of Refunds||Will Updated Soon|
|Issue Size||3,500-4,000 Crore|
|Issue Price||Will Updated Soon|
|Lot Size||Will Updated Soon|
How to apply in GOAir IPO 2021?
You can apply online for your Zerodha account and by using UPI as a payment gateway. Zerodha customers can apply in GOAir IPO by login into Zerodha Console (back office) and submitting an IPO application form.
If you haven’t Zerodha account you can open your account here
Steps to apply in IPO April through Zerodha
1) Visit the Zerodha website and login to Console.
2) Go to Portfolio and click the IPOs link.
3) Go to the “GOAir 2021” row and click the ‘Bid’ button.
4) Enter your UPI ID, Quantity, and Price.
5) “Submit” IPO application form.
6) Visit the UPI App (net banking or BHIM) to approve the mandate.