Go Fashion Initial Public Offering (IPO) has opened for public subscription on 19 November 2021. The IPO will close on 22 November, Monday. The comprises a fresh issue of shares worth Rs 125 crore and an offer for sale of 12,878,389 Eq. shares by the promoter and existing shareholders. The public issue Go Fashion (India) Ltd, which owns women’s wear brand Go Colors has a strong demand from its investors. The company has its brand image in India of 459 exclusive brand outlets (EBO). Also, a significant number of stores in Southern and Western India.
Go Fashion IPO GMP
Go Fashion shares premium (GMP) has surged to Rs. 570 in the grey market on 18 November. The bidding process for IPO anchor in Go Fashion started on November 16. The company opened its public issue for Rs 1,013.61-crore on November 17, 2021, and it will be closed on Nov 22. After the application process completion, shares will be allotted to those investors who will satisfy the company requirements. Candidates who will not get allotment shares will get refund initiation in their bank accounts. The IPO allotment list will be released shortly. Go fashion was incorporated in 2010. Eleven-year-old Go Fashion is the first organization to launch a brand exclusively dedicated to the women’s bottom-wear category.
|Brand Company||Go Fashion|
|Brand Category||Women’s bottom-wear|
|Application Start Date||16 November|
|Last Date of Online Application||22 November|
|Share Allotment Date||30 November (expected)|
Go Fashion IPO GMP Chittorgarh, Chanakya
The well-known organization Go Fashion has its presence worldwide. The company utilizes its fresh issue of shares towards funding for the roll-out of 120 new EBOs, besides general corporate purposes, and working capital requirements. It has a business network in India. Share allotment is expected to take place on 30 Nov 2021. The company has its market in Southern and Western India. In addition, the promoters and existing shareholders will offload stakes worth Rs 888.6 via the offer for sale (OFS) route. The company’s PKS Family Trust and VKS Family Trust will offload 7.45 lakh equity shares each. Also check the latest bulletins on GMS, Price, Price Band, Reviews, Subscription date at Chittorgarh and Chanakya.
Go Fashion IPO Subscription Status
The company is selling its shares at a price band of Rs.655-690 a share. Go Fashion deals in bottom-wear ranges in women’s apparel, with an 8% market share in women’s banded bottom-wear. It has leveraged its first-mover advantage to create a direct-to-consumer brand. The shares were subscribed 2.5 times on Day 1. The share allotment result will be declared on BSE and NSE websites. In the case of the day 2 subscription; the IPO was subscribed 6.87 times on 18 November at 5:00 pm. Institutional Investors were subscribed 3.24 times, Non-institutional investors 2.30 times, and Retail investors 24.64 times. Interested candidates are advised to stay updated with the latest information about GMS, Price Band, GMP, Chittorgarh IPO Allotment at https://www.go-fashion.co/.