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

The IPO may not garner expected response as the financial position of the entire sector remains precarious given the unabated rise in Covid-19, and relatively higher oil prices

Topics
Go Air | Aviation | IPO

Nikita Vashisht  |  New Delhi 

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 market analyst ...

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First Published: Tue, May 18 2021. 07:30 IST
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