GoAir May Launch Its IPO As Per Schedule:
As per last update which we posted that GoAir might delay its IPO launch plan as it is waiting to reach critical mass before going public. But as per latest update as investors turn positive on the aviation sector, Budget airline GoAir is preparing for an initial public offering (IPO).
The company’s CEO Wolfgang Prock-Schauer said that the airline has not put the idea on backburner. Rather, it is waiting for the right time. The industry is also getting more investor interest now after Warren Buffett’s positive comment on the sector.
Last year, management appointed Goldman Sachs, Bank of America Merrill Lynch, and Kotak Mahindra bank as underwiters for its planned INR10.22 billion (USD150 million) IPO. At the time, reports indicated the LCC’s parent firm, Wadia Group, would dispose of a 23% stake in the airline.
GoAir operates nineteen A320-200s and four A320neo on flights to twenty-three destinations across India. Plans to begin international services have also been put back given delays in deliveries of its new A320neo fleet. As previously reported, the Indian government has awarded GoAir rights to serve destinations in Iran, China, Vietnam, the Maldives, Azerbaijan, Kazakhstan, Qatar, and Saudi Arabia.
If You Want to Reduce Your Brokerage By More Than 80% Just Get More Information Here: Save More Than 80% Brokerage.
GreenSignal Bio Pharma IPO bidding has been withdrawn from market due to lack of response
BSE IPO (Bombay Stock Exchange IPO) also lists with some good premium making its investors happy once again. Hope you all enjoyed it.
Now Music Broadcast Ltd IPO (MBL IPO) bidding is over now. Now Music Broadcast IPO Allotment and Listing will be in process. Next in pipeline is Avenue Supermarts Ltd IPO (DMart IPO) which is expected to hit market from March 08, 2017 – March 10, 2017.
Latest Grey Market Premium (GMP) of Avenue Supermarts Ltd IPO (DMart IPO) is between Rs 235 to Rs 237 per equity share. While Grey Market Premium (GMP) of Music Broadcast Ltd (MBL) is trading between Rs 88 – Rs 90 per equity share.
After Avenue Supermarts IPO, next in the pipeline will be Central Depository Services Ltd IPO (CDSL IPO) and Continental Warehousing Corporation Ltd IPO (Nhava Seva IPO).
Some SME IPO will also be active in market in coming week.
Keep watching this blog to keep yourself updated with all the news.
If you want all updates delivered to your email box just subscribe for the updates. We also hate spam so we are not going to share your details with anyone. So Just Subscribe and forget the tension of tracking the IPO’s. We will do it for you.
If you like to have a Chance to Win a Smart Phone just Like and share us.