Mumbai: Go Air is appointing Goldman Sachs, Bank of America Merrill Lynch and Kotak Mahindra bank for managing its planned $150 million (Rs 1,026 crore) IPO, three people in the know said.
"Just the final agreement remains to be signed," said one of them, insisting anonymity.
Once they are on board, the bankers will work with the Go Air management in preparing the draft red herring prospectus, the pre-IPO document which will subsequently be submitted to the capital markets regulator SEBI.
If Go Air plans to offload 24% of its stake for that amount, its total valuation would come to over Rs 4,000 crore.
12/02/16 Anirban Chowdhury & Baiju Kalesh/Economic Times
To Read the News in full at Source, Click the Headline
"Just the final agreement remains to be signed," said one of them, insisting anonymity.
Once they are on board, the bankers will work with the Go Air management in preparing the draft red herring prospectus, the pre-IPO document which will subsequently be submitted to the capital markets regulator SEBI.
If Go Air plans to offload 24% of its stake for that amount, its total valuation would come to over Rs 4,000 crore.
12/02/16 Anirban Chowdhury & Baiju Kalesh/Economic Times
