01-01-1970 12:00 AM | Source: Angel Broking Ltd
GO Airlines files DRHP of Rs.3,600cr IPO by Mr. Yash Gupta, Angel Broking Ltd
Below are Quote on GO Airlines files DRHP of Rs.3,600cr IPO by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Companies have been planning for the IPO since a very long time but delayed due to the Global Covid 19 pandemic hitting the airline industry adversely, finally the company has filled its prospectus with SEBI for the IPO of ₹3,600 crores.
Indigo airline is also raising ₹3,000 through a QIP (Qualified Institutional placement) as overall industry hit by the covid pandemic.
Go Air and indigo both are the low fare cost carriers in domestic industry, Indigo having a market share of 53.9% while Go Air having market share of 8.9%, Currently Airlines are operating at 80% of pre covid levels.
We have a positive outlook on the Go Airlines IPO.
Above views are of the author and not of the website kindly read disclaimer
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