Go Airlines IPO

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. It 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.

The company proposes to utilise the net proceeds towards funding of the following objects:

  • Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by the company;
  • Replacement of letter of credits, which are issued to certain aircraft lessors towards securing lease rental payments and future maintenance of aircrafts, with cash deposit;
  • Repayment of dues to Indian Oil Corporation Limited, in part or full, for fuel supplied to the company; and
  • General corporate purposes.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

Financial Highlights

Financial Year Total Assets Total Income Total Expenses Profit After Tax
March FY2020 Rs. 1,40,820.3 Rs. 72,580.1 Rs. 91,617.3 Rs. (12,707.4)
March FY2019 Rs. 1,11,342.8 Rs. 59,367.5 Rs. 68,459.4 Rs. (3,866.0)
March FY2018 Rs. 75,535.4 Rs. 46,011.5 Rs. 47,043.6 Rs. (312.1)

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

Why should you invest in the Go Airlines IPO ?

Here are our top reasons:

  • The company has been operating for almost two decades and has been one of the most successful airline companies of this country. Its revenue figures will reflect a gradual progression as well.
  • The operational motto of Go Airlines has remained the same. It has worked to make airline travel pocket-friendly, which has landed well with the growing middle-class segment in India.
  • Go Airlines operates in routes that are profitable and connect more than 25 cities. Apart from the metropolitans, it also focuses on operations in tier-II cities, which aid it to expand its customer base. Additionally, the company operates in 10 popular international destinations spreading across South-East Asia and the Middle East.
  • Operational efficiency and strong backing from the Wadia Group helps to maintain the stability of Go Airlines over the years, and hopefully in future as well.

How to apply for Go Airlines IPO ?

Retail investors need to apply for the IPO using UPI


  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Aadhar Housing Finance IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Dynami user, Pre-Apply Now!
  • If you’re a new investor, open an Dynami Demat account for free and begin your investment journey.

How to open a Demat & Trading Account?

Demat & Trading Account
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OTP Authentication Demat & Trading Account

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Frequently asked questions

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.