Wadia Group’s airline GoAir may bring its IPO in August this year. According to ET Now, the company is expected to get 31 clearance from SEBI. 3600 crores through this IPO. According to the ET report, the company invests 55 percent of its proceeds from the IPO to pay off debt.
The company is trying to increase its revenues.
The airline industry is facing a lot of problems due to coronary disease in the country. To alleviate this, companies are now focusing on the low-cost business model. GoAir is looking to increase its revenues by 7 to 20 per cent.
Many companies are trying to bring in an IPO by Diwali this year. The two biggest names in this are Paytm and LIC. PayTM has announced it will bring the country’s largest IPO. At the same time, all eyes will be on LIC’s IPO.
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