{"id":414525,"date":"2021-05-12T10:24:20","date_gmt":"2021-05-12T04:54:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414525"},"modified":"2021-05-12T10:57:55","modified_gmt":"2021-05-12T05:27:55","slug":"for-goair-an-ipo-may-be-the-cheapest-route-to-raise-funds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/for-goair-an-ipo-may-be-the-cheapest-route-to-raise-funds\/","title":{"rendered":"For GoAir, an IPO may be the cheapest route to raise funds"},"content":{"rendered":"<p>Wadia Group-operated GoAir\u2019s proposed initial public offering (IPO) could be a frantic bid by promoters of the budget airline to raise funds at a time when the civil aviation sector is facing the fury of the covid pandemic. <\/p>\n<p>\u201cIt seems like a desperate attempt (to raise funds) by the promoters as the Indian government is not bailing out airlines,&#8221; said Nripendra Singh, research head and strategy consultant (aviation) at Frost &amp; Sullivan. <\/p>\n<p>\u201cIPO is possibly the cheapest way for the airline to raise money,&#8221; he said. <\/p>\n<p>The Economic Times reported last week that GoAir would file its draft red herring prospectus soon with the market regulator. ICICI Securities, Citi and Morgan Stanley have been selected as merchant bankers for the proposed IPO, the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wadia Group-operated GoAir\u2019s proposed initial public offering (IPO) could be a frantic bid by promoters of the budget airline to raise funds at a time when the civil aviation sector is facing the fury of the covid pandemic. \u201cIt seems like a desperate attempt (to raise funds) by the promoters as the Indian government is not bailing out airlines,&#8221; said Nripendra Singh, research head and strategy consultant (aviation) at Frost &amp; Sullivan. \u201cIPO is possibly the cheapest way for the airline to raise money,&#8221; he said. The Economic Times reported last week that GoAir would file its draft red herring [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-414525","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=414525"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414525\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}