Go Airlines files DRHP for Rs 3,600 cr IPO
ET had reported last Saturday that the DRHP would be filed this week. The airline has in the past come close to a maiden share sale but backed out last moment.
By Anirban Chowdhury, ET Bureau | Updated:
BCCL - Non Copyright
Mumbai: Low fare carrier Go Airlines has filed its draft red herring prospectus, ahead of its planned IPO.
The IPO is managed by ICICI Securities, Citigroup and Morgan Stanley.
According to the DRHP, the airline wants to raise Rs 3,600 crore via a fresh issue of shares.
ET had reported last Saturday that the DRHP would be filed this week. The airline has in the past come close to a maiden share sale but backed out last moment.
The carrier’s new vice chairman told ET in a recent interview that the airline was planning an IPO “this summer”.
The airline yesterday rebranded itself to Go First, an ultra low cost carrier, from GoAir.
The IPO is managed by ICICI Securities, Citigroup and Morgan Stanley.
According to the DRHP, the airline wants to raise Rs 3,600 crore via a fresh issue of shares.
ET had reported last Saturday that the DRHP would be filed this week. The airline has in the past come close to a maiden share sale but backed out last moment.
The carrier’s new vice chairman told ET in a recent interview that the airline was planning an IPO “this summer”.
The airline yesterday rebranded itself to Go First, an ultra low cost carrier, from GoAir.
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