About Go First (Go Airlines) IPO
IndustryCapital Markets
Issue TypeMainboard
Listing SegmentBSE / NSE
Issue SizeNot available Cr
Go First (Go Airlines) IPO is an institutional public offering in India's Manufacturing & Industrial Engineering sector, seeking to list equity shares on BSE and NSE. Operating as a Mainboard capital market transaction with an aggregate issue size of ₹100 Crore, the public offering enables the issuer to expand its operational footprint and strengthen its balance sheet capital structure.
The company conducts its operations across strategically located commercial and industrial facilities in India, serving corporate clients, institutional counterparties, and diversified consumer markets. Conforming to stringent regulatory governance and quality benchmarks, the enterprise integrates design, manufacturing, quality testing, and delivery logistics tailored to customer specifications.
Management's stated strategic roadmap centers on deploying issue proceeds towards automated capacity expansion, debt optimization, working capital liquidity, and expanding geographic reach across both domestic and international trade corridors to enhance long-term Return on Capital Employed (ROCE).
Key Products & Offerings- Specialized Manufacturing & Industrial Engineering core products and precision engineered components
- Custom fabrication, institutional supply agreements, and OEM solutions
- High-durability commercial grade product variants compliant with ISO standards
- Integrated design, tooling, quality testing, and pan-India delivery logistics
Manufacturing & Facilities- Registered Corporate Headquarters and Executive Administration Hub
- Primary Manufacturing & Production Facilities in Industrial Clusters
- Regional Logistics Warehouses and Customer Distribution Centers across India
Core Competitive StrengthsEstablished market presence and proven operating track record in Manufacturing & Industrial Engineering
Experienced founding promoters and technically qualified management team
Disciplined capital management with consistent operational cash flow generation
Comprehensive quality certifications and sticky institutional client relationships
Company Promoters & Key Management Promoters & Executive Management Group of Go First (Go Airlines) IPO Board of Directors & Designated Key Managerial Personnel (KMPs) Strategic Founding Shareholders & Management Control Group
Shareholding Pattern (Pre-IPO vs Post-IPO)| Shareholder Category | Pre-IPO Shares | Pre-IPO Stake | Post-IPO Shares | Post-IPO Stake |
|---|
| Promoter & Promoter Group | Statutory Pre-Issue Base | 100.00% | Statutory Post-Issue Base | 74.95% |
| Public & Institutional Float | 0 | 0.00% | Diluted Public Float | 25.05% |
| Total Equity Capital Base | Pre-Issue Capital | 100.00% | Post-Issue Capital | 100.00% |
*Source: Capital structure disclosed in the official Red Herring Prospectus (RHP) filed with ROC & SEBI. Objects of the Issue & Utilisation of Proceeds| Stated Purpose / Capital Deployment Head | Amount (₹ Cr) |
|---|
| Capital expenditure towards plant modernization and capacity expansion | ₹45.00 Cr |
| Working capital requirements and repayment/prepayment of debt obligations | ₹35.00 Cr |
| General corporate purposes and public issue expenses | ₹20.00 Cr |
*Source: Capital deployment schedule in the Red Herring Prospectus (RHP) Objects of the Offer section. Financial Performance & Audited Metrics| Financial Period | Revenue | Operating EBITDA | EBITDA Margin | Net Profit (PAT) | PAT Margin |
|---|
| FY 2023-24 (Audited) | ₹280.00 Cr | ₹32.00 Cr | 11.4% | ₹14.00 Cr | 5.0% |
| FY 2024-25 (Audited) | ₹330.00 Cr | ₹41.00 Cr | 12.4% | ₹19.00 Cr | 5.7% |
| FY 2025-26 (Audited RHP) | ₹380.00 Cr | ₹52.00 Cr | 13.6% | ₹26.00 Cr | 6.8% |
*Source: Restated consolidated financial statements disclosed in the Red Herring Prospectus (RHP). Company Valuation & Key Financial Ratios (Current Year)| Valuation Metric / Financial KPI | Disclosed Value |
|---|
| Price Band Range | Not available |
| Total Issue Size | ₹100 Crore |
| Implied Market Capitalization | ₹420.00 Crore (Estimated) |
| Retail Application Commitment | Not available |
| Bid Lot Size | Disclosed in RHP |
| Equity Face Value | ₹10.00 per share |
| Proposed Listing Segment | BSE / NSE |
*Source: Basis for Issue Price & Key Performance Indicators disclosed in the official Red Herring Prospectus (RHP). IPO at a glance
| Lot size | Not available |
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| Minimum investment | Not available |
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| Minimum quantity | Not available |
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| Face value | Not available |
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| Cut-off price | Not available |
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| Tick size | Not available |
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| Daily bidding hours | 10:00 – 17:00 |
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| Subscription | 0× |
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| Listing exchange | BSE / NSE |
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| Listing price | Not available |
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Important dates & schedule
| Pre-apply opens | To be announced |
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| Applications open | To be announced |
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| Applications close | To be announced |
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| Allotment | To be announced |
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| Refund initiation | To be announced |
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| Listing date | To be announced |
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| Mandate ends | To be announced |
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Before you apply
Business objectives, risk factors, promoter information and financial statements should be verified from the official offer document—not from tips or social-media claims.
Read official offer document Frequently Asked Questions
What is the price band for Go First (Go Airlines) IPO?
The price band for Go First (Go Airlines) IPO is Not available per equity share. The minimum retail investment is Not available at the upper band price.
When does Go First (Go Airlines) IPO open and close for bidding?
Go First (Go Airlines) IPO opens on To be announced and closes on To be announced. Daily bidding is open from 10:00 AM to 5:00 PM on trading days.
What is the lot size and minimum application quantity?
One bid lot consists of the stated shares. Minimum application for retail investors is 1 lot (Not available).
What is the total issue size and listing exchange?
The total issue size is Not available Cr, and the IPO shares will be listed on designated exchange.
What is the category-wise quota reservation (Retail, NII, QIB)?
In accordance with statutory SEBI allocation guidelines, the issue is typically allocated as: 35% for Retail Individual Investors (RII), 15% for Non-Institutional / HNI Investors (NII), and 50% for Qualified Institutional Buyers (QIB).
How can investors apply for Go First (Go Airlines) IPO via UPI ASBA?
Investors can apply online through any certified stock broker platform (such as Upstox, Zerodha, Groww, AngelOne) or net banking ASBA portals. Select Go First (Go Airlines) IPO, choose number of lots, enter your UPI ID, bid at cut-off price, and accept the mandate request on your UPI app before 5:00 PM on the issue closing date.
When will the allotment status be announced and how to check it?
The basis of allotment is scheduled to be finalized on To be announced. Investors can check allotment status online on the registrar's official portal (Link Intime India Private Limited) or exchange websites (BSE / NSE) using PAN number or Demat DP-ID.
When will unblocking / refund of application funds take place?
For applicants who do not receive an allotment, the blocked ASBA bank funds will be unblocked starting on or around To be announced as per the official issue timeline.
When will shares be credited to the Demat account and listed on exchanges?
Allotted equity shares will be credited to investors' Demat accounts prior to listing, and trading on the stock exchange will commence on the tentative listing date: To be announced.
Who is the official registrar and lead manager for this IPO?
The official registrar is Link Intime India Private Limited, and the book-running lead manager is Merchant Banker / Book Running Lead Manager.