Go Airways recordsdata DRHP for Rs 3,600 cr IPO


Mumbai: Low fare service Go Airways has filed its draft purple herring prospectus, forward of its deliberate IPO.

The IPO is managed by ICICI Securities, Citigroup and Morgan Stanley.

In accordance with the DRHP, the airline desires to boost Rs 3,600 crore by way of a recent difficulty of shares.

ET had reported final Saturday that the DRHP can be filed this week. The airline has prior to now come near a maiden share sale however backed out final second.

The service’s new vice chairman advised ET in a current interview that the airline was planning an IPO “this summer time”.

The airline yesterday rebranded itself to Go First, an extremely low price service, from GoAir.

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