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:
|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
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|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)|
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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.