Investors can expect upside in long term from Rs 3,600-cr GoAir IPO

Go Airlines (GoAir) has just filed a DRHP with a target to raise Rs 3,600 crore. It has rebranded itself as “Go First”. The airline is promoted by members of the Wadia family, which also controls Bombay Dyeing and many other Wadia Group companies.   Individuals of the Wadia family, and investment vehicle, Go Investments, hold 73.3 per cent of stakes in GoAir. Go Investments is owned 100 per cent by family members. Other group companies hold the remaining stake in GoAir. But 22.56 per cent of the pre-issue paid up capital held by Go Investments has been pledged to a lende.....

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