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Will Go Air's IPO initiate sector re-rating? Here's what analysts think

The IPO may not garner expected response as the financial position of the entire sector remains precarious given the unabated rise in Covid-19, and relatively higher oil prices

Topics
Go Air | Aviation | IPO

Nikita Vashisht  |  New Delhi 

Photo: Bloomberg
Go Air currently has a total debt of Rs 1,838.9 crore on its books

GoAir IPO: The Wadia-controlled ultra-low-cost airline GoAir is likely to join its peers InterGlobe (IndiGo) and at the bourses soon, as the airline prepares itself for the Rs 3,600-crore initial public offer (IPO). The firm’s debut on the exchanges, however, may not trigger a re-rating for incumbent players, believe analysts, who expect turbulent times for the sector in the foreseeable future coupled with high valuations.

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First Published: Tue, May 18 2021. 07:30 IST
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