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The company is an ultra-low-cost carrier (""ULCC"") and one of the fastest growing airlines in India, increasing domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020. (Source: CAPA Report as per Company DRHP).
Target customers are young Indians and MSME businesses, and the company believes the product and service offerings are uniquely attractive to these large and growing segments of the Indian population.
Simple, fuel-efficient and next generation fleet
Offer a single class of service, which allows their A320 aircraft to have the maximum seating capacity and have the highest percentage of next generation aircraft in the fleet compared to other Indian airlines. (Source: CAPA Report as per Company DRHP).
Established position in slot-constrained airports, with best in class efficiency
In fiscal 2020, the company had established market share of 14% in Mumbai, 12% in New Delhi, 14% in Pune, 25% in Ahmedabad, which are among the 10 airports in India (Source: CAPA Report as per Company RHP).
Selling experiences for the young Indian leisure and MSME traveller
Marketing efforts for leisure travellers are focused on the under-45 age group, which is the largest component of the Indian population. (Source: CAPA Report as per Company RHP).
The novel coronavirus (""COVID-19"") pandemic has had an adverse impact on business
The duration and spread of the pandemic or another pandemic could result in additional adverse impact on the company's business.
Have been and continue to be in payment default under several of their aircraft lease agreements
Such defaults may lead lessors to initiate legal or enforcement proceedings, enforce bank guarantees, appropriate security deposits or repossess aircrafts.
Overview of the Indian aviation market
Despite the slowdown in aviation during 2020 due to COVID, India continued to be ranked third in the world, based on total seat capacity, as at the end of December 2020, reflecting the positive recovery in domestic aviation activity relative to most other global markets. (Source: Company DRHP).
LCCs (Low Cost Carriers) have driven the growth of Indian aviation
India currently has six airline groups, comprising two full service carriers (Air India and Vistara) and four LCCs (IndiGo, SpiceJet, GoAir and AirAsia India). In addition, Air India has an LCC subsidiary, Air India Express, which operates primarily on short haul international routes. (Source: Company DRHP).
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Choose the IPO you want to apply from the list. Click on Apply.
Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.
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