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Will Go Air's IPO initiate sector re-rating? Here's what analysts think

Topics Go Air | Aviation | IPO

GoAir IPO: The Wadia-controlled ultra-low-cost airline GoAir is likely to join its peers InterGlobe Aviation (IndiGo) and SpiceJet at the bourses soon, as the airline prepares itself for the Rs 3,600-crore initial public offer (IPO). The firm’s debut on the exchanges, however, may not trigger a re-rating for incumbent players, believe analysts, who expect turbulent times for the sector in the foreseeable future coupled with high valuations. The uncertainty is such that analysts aren’t sure about how well the GoAir IPO may be received by investors. Independent m.....

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