goair: GoAir files DRHP for Rs 3,600 crore IPO

Mumbai: Low fare carrier GoAir has filed its draft red herring prospectus, ahead of its planned IPO.

According to the DRHP, the airline wants to raise Rs 3,600 crore via a fresh issue of shares.

ET had reported last Saturday that the DRHP would be filed this week. The airline has in the past come close to a maiden share sale but backed out last moment.

GoAir’s new vice chairman told ET in a recent interview that the airline was planning an IPO “this summer”.

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