GoAir banks on low-cost structure, promoter backing for successful IPO

The company has filed DRHP to raise Rs 3,600 crore

Strong confidence in the revival of Indian aviation market after the pandemic, a rigid philosophy of sticking to simple, low-cost operations, backing of the Wadia group and a buoyant market are what GoAir is counting on to see a successful public listing.

The company has filed the Draft Red Herring Prospectus (DRHP) for a Rs 3,600 crore initial public offering (IPO) of its shares. While sources said that the Wadias, who are promoters are willing to dilute 25-30 per cent stake in the firm, the company in the DRHP said that it is also considering raising Rs 1,500 crore before