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.
Read MoreSimple, 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.
Net Worth Total Income Total borrowings Profit/Loss for the Period Basic Earning per Share (EPS)
An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.
A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).
Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.
If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.
Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.
When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.
An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.
ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.
In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.
Application under this facility can be placed only for Book Built Public Issues.
An investor can place maximum of 3 bids in an issue.
The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:
Login to ICICIdirect account >> IPO >> Name of IPO
Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.
Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.
However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment
No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.
If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.
In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.
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