The Initial Public Offering (IPO) of Go Fashion India Ltd, a prominent women’s bottom-wear brand, concluded on November 22, 2021, witnessing an overwhelming response from investors. With subscriptions soaring to 135.40 times the offered shares, applicants are now keenly awaiting the finalization of share allotment. If you participated in the Go Fashion IPO, understanding how to check your Go Fashion IPO allotment status is crucial. This guide provides a comprehensive walkthrough on checking your IPO allotment status, ensuring you stay informed about your application.
Go Fashion’s IPO was a significant event, comprising a fresh issue of ₹125 crores and an offer for sale of 1.28 crore shares. The price band was set at ₹655 – ₹690 per share. The basis of allotment was finalized on November 25, 2021. Now, investors are eager to know whether they have been allotted shares. Let’s delve into the methods to check your Go Fashion IPO allotment status.
Checking Go Fashion IPO Allotment Status on the BSE Website
The Bombay Stock Exchange (BSE) provides a convenient platform to check your IPO allotment status. Here’s a step-by-step process to guide you through:
Step 1: Navigate to the official BSE website.
Step 2: Locate the ‘Investors’ section on the homepage. Within this section, find and click on ‘Investor Services.’
Step 3: Under ‘Investor Services,’ you will find a range of options. Click on ‘Status of Issue Application.’
Step 4: You will be redirected to a new page. Scroll down to find and click on ‘Application Status Check.’
Step 5: In the ‘Issue Type’ section, ensure that ‘Equity’ is selected. This is typically the default option for IPOs.
Step 6: From the dropdown menu labeled ‘Issue Name,’ select ‘Go Fashion India Limited.’ This will identify the specific IPO you are checking.
Step 7: Enter your application details. You will need to input either your IPO application number or your PAN (Permanent Account Number). Keep either of these readily available.
Step 8: Complete the verification process by ticking the ‘I am not a robot’ checkbox and then click on the ‘Submit’ button.
By following these steps on the BSE website, you can quickly ascertain your Go Fashion IPO allotment status. The BSE platform is a reliable and official source for this information.
Checking Go Fashion IPO Allotment Status via Angel One
For investors who applied through Angel One, the process to check the Go Fashion IPO allotment status is even more streamlined through their mobile app. Here’s how to do it:
Step 1: Launch the Angel One app on your smartphone and log in to your DEMAT account using your credentials.
Step 2: Once logged in, look for the ‘Investment Opportunities’ tab, usually located on the app’s main dashboard or menu. Tap on this tab.
Step 3: Within ‘Investment Opportunities,’ you will find various investment options. Select ‘IPOs and FPOs.’
Step 4: In the IPO section, navigate to and select ‘Order Book.’ This section typically displays the details of your IPO applications.
Upon accessing the ‘Order Book,’ your IPO allotment status for Go Fashion will be displayed. You will likely encounter one of the following statuses:
- Allotted: Congratulations! This status confirms that you have been successfully allotted the full quantity of shares you applied for in the Go Fashion IPO.
- Partially Allotted: In some cases, especially when the IPO is oversubscribed, partial allotment occurs. This status indicates that you have been allotted a portion of the shares you applied for.
- No Allotment: If you see this status, it means your application for the Go Fashion IPO was not successful, and you have not been allotted any shares.
If you are among the fortunate investors who received an allotment, you can anticipate the shares being credited to your DEMAT account by November 29, 2021. For those who received partial or no allotment, the refund process for the blocked funds is expected to commence by November 26, 2021.
Go Fashion IPO: Quick Glance and Objectives
Go Fashion India Ltd. stands as one of India’s largest women’s bottom-wear brands, known for its diverse product range and strong market presence. The IPO garnered significant interest across all investor categories:
- Qualified Institutional Buyers (QIBs) showed strong confidence, subscribing 100.73 times the shares reserved for them.
- Non-Institutional Investors (NIIs) exhibited even greater enthusiasm, with a subscription rate of 262.08 times.
- Retail Individual Investors (RIIs) also demonstrated robust participation, subscribing 49.39 times their allocated portion.
The funds raised through the Go Fashion IPO are earmarked for strategic initiatives, including:
- Establishing 120 new Exclusive Brand Outlets (EBOs) to expand the company’s retail footprint.
- Meeting working capital requirements to ensure smooth operational flow and growth.
- General corporate purposes to support overall business development and strategic objectives.
What Happens After Checking Your Go Fashion IPO Allotment Status?
Once you have checked your Go Fashion IPO allotment status, the next steps depend on the outcome:
- If Allotted: If you have received full or partial allotment, the shares will be credited to your Demat account. You can then decide to hold these shares for potential long-term gains or sell them upon listing, depending on your investment strategy. Keep an eye on the listing date, which is November 30, 2021, to plan your next move.
- If Not Allotted: If you have not received any allotment, the funds blocked in your account for the IPO application will be released back to you. You can then consider other investment opportunities or explore purchasing Go Fashion shares from the secondary market once they are listed on the stock exchanges.
Conclusion: Staying Informed About Your Go Fashion IPO Investment
Checking your Go Fashion IPO allotment status is a straightforward process through both the BSE website and the Angel One app. By following the steps outlined above, you can quickly determine the outcome of your IPO application. Whether you have been allotted shares or not, staying informed is key to making sound investment decisions. Keep tracking the market movements and consider consulting with financial advisors for further guidance on your investments in the stock market.
Frequently Asked Questions on Go Fashion IPO Allotment Status
1. When will Go Fashion shares be listed on the stock exchanges?
Go Fashion shares are scheduled to be listed on the BSE and NSE on November 30, 2021.
2. Who is the registrar for the Go Fashion IPO?
KFintech Private Limited is the registrar managing the Go Fashion IPO. For any grievances or discrepancies, you can contact them.
3. On which stock exchanges will Go Fashion shares be listed?
Go Fashion shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
