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Investors can expect upside in long term from Rs 3,600-cr GoAir IPO

Fresh funds will reduce pressure on balance sheet but a lot will depend on the company's ability to return to growth

Topics
GoAir | initial public offering IPO | Aviation sector

Devangshu Datta  |  New Delhi 



Photo: Bloomberg
Photo: Bloomberg

Go Airlines (GoAir) has just filed a DRHP with a target to raise Rs 3,600 crore. It has rebranded itself as “Go First”. The airline is promoted by members of the Wadia family, which also controls Bombay Dyeing and many other Wadia Group .

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First Published: Fri, May 14 2021. 18:21 IST

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