We are an ultra-low-cost carrier (“ULCC”) focused on maintaining low unit costs and delivering compelling value to customers that drives our unit revenues. We are one of the fastest-growing airlines in India, with an increase in domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020. (Source: CAPA Report) Our target customers are young Indians and MSME businesses, and we believe our product and service offerings are uniquely attractive to these large and growing segments of the Indian population. The young urban and middle-class demographic in India constitutes a majority of the Indian population. More than 75% of the population in India is below the age of 45 years, of which approximately 35% lives in urban areas while the MSME businesses segment in India contributed 33.5% of the GVA of India. (Source: CAPA Report)
IPO Timeline:
| Date of filing | 14 May 2021 |
| IPO Open | Yet to be declared |
| IPO close | Yet to be declared |
| Allotment Date | Yet to be declared |
| Initiation of Refunds | Yet to be declared |
| Credit of shares in Demat | Yet to be declared |
| Listing on exchange | Yet to be declared |
Issue Details:
| Exchange | BSE, NSE |
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Profit & Loss Statement (₹ in Cr) :
| 31 Dec 2020 (nine month) | 31 March 2020 | 31 March 2019 | 31 March 2018 | |
| Total Revenue | 1368 | 2743 | 1398 | 487 |
| Total Expense | 1724 | 5006 | 3608 | 594 |
| Profit after Tax | -684 | -2363 | -1013 | -104 |
Other Financials (₹ in Cr) :
| 31 Dec 2020 | 31 March 2020 | 31 March 2019 | 31 March 2018 | |
| Total Equity | -1961 | -1491 | -1013 | -626 |
| Total Liability | 16419 | 15573 | 12147 | 8180 |