GoAir is also launching IPO, know what will be the priceband and how to get shares

goair IPO news: In the month of March, many big companies have entered the stock market. Now Airline, which provides cheaper service, is also going to be included. It is reported that GoAir’s IPO of Rs 2500 crore may come in the early months of the next business year. The no-frills airline owned by the Wadia Group is working on its expansion plan and will be able to raise the Initial Public Offer (IPO) fund for this.

GoAir IPO Details

GoAir is planning to raise Rs 2500 crore from general investors through an IPO and will begin with the filing of the draft Red Herring Prospectus (DRHP) in the second week of April. An attempt was made to contact Kaushik Khona, the CEO of the airline company, regarding this issue, his spokesman said that according to the company’s policies, there is no comment on market speculation. Currently SpiceJet and IndiGo are the only two listed airlines.

Preparing Prospects

According to the information, the discussion is going on with ICICI Securities for the proposed IPO. Apart from this, Citigroup and Morgan Stanley are also assistants in the IPO of the airline. GoAir started its operations from 2005. GoAir provides flight services to 39 locations, including 10 international locations.

These airlines are in the stock market

Spicejet and Indigo are listed on the exchange itself and are being traded on them. Apart from these two, another airline is Jet Airways which closed in April 2019 due to financial crisis and Kingfisher Airlines was also listed on the first exchange. In India, 7 major airlines provide services for domestic flights.

How to get share

If you have to buy an IPO, then it is necessary to have a Demat Account. If you have opened a savings account in SBI, then you can also take advantage of other online services. Along with banking, SBI is offering online tax payment, demat account, insurance premium payment and many other services.

SBI Demat Account

State Bank of India also provides customers with banking facilities like demat account. In this account, the customer gets many kinds of facilities. If you want online trading facility, you can take it with SBI Cap Securities Limited. This service provides you with 3-in-1 account which gives savings bank account, demat account and online trading account on all three platforms and gives you the experience of paperless trading.