Go First is the aviation foray of India’s Wadia Group, which is a part of one of the oldest conglomerates in India with presence in diversified industries. The Wadia group comprises leading brands including 150-year-old The Bombay Burmah Trading Corporation Limited, 140-year-old Bombay Dyeing and Manufacturing Company Limited, 102-year-old Britannia Limited, 66-year-old National Peroxide Limited, the decade old Wadia Reality Private Limited and many others.
Go First is a low-cost carrier (LCC) that aims to make air travel affordable and accessible to the masses. Go First was incorporated on April 29, 2004, and commenced flight operations in November 2005 with its inaugural flight from Mumbai to Ahmedabad. It has flown 83.8million passengers since fiscal 2010 and as of December 31, 2020.
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Company Contact Details
| Address | Go Airlines (India) Limited 1st Floor, C-1, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400 025, India |
| Phone no. | 1800 2100 999 +91 22 6896 8300 |
| [email protected] | |
| Official website | www.flygofirst.com |
Promoters
- Nusli Neville Wadia
- Jehangir Nusli Wadia
- Ness Nusli Wadia
- Go Investments & Trading Pvt Ltd
GoAir IPO Details
| Opening Date | 2022 |
| Closing Date | 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹- per equity share |
| Market Lot | – |
| Min Order Quantity | – |
| Listing At | BSE & NSE |
| Issue Size | ₹3600 crore |
| Fresh Issue | ₹3600 crore |
Go Airlines (GoAir) IPO Listing Date / Allotment Date
| IPO Opening Date | 2022 |
| IPO Closing Date | 2022 |
| Basis of Allotment Date | 2022 |
| Initiation of Refunds | 2022 |
| Credit of Shares to Demat Account | 2022 |
| IPO Listing Date | 2022 |
Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | – | – |
| Maximum | 13 | – | – |
Financial Metrics
| FY18 | FY19 | FY20 | 9M-FY21* | |
|---|---|---|---|---|
| Operating Activities | 1407.35 | 1995.19 | 1737.8 | 232.08 |
| Investing Activities | -78.7 | -142.04 | -57.28 | 12.08 |
| Financing Activities | -1313.27 | -1685.32 | -1749.69 | -350.59 |
| Net Cash and Cash Equivalents | 15.38 | 167.83 | -69.17 | -106.43 |