The Go Fashion IPO (Initial Public Offering) closed on November 22, 2021, with a massive oversubscription. The IPO received bids for over 1 billion shares against the offered 80.79 million shares, representing a subscription rate of 135.4 times. Investors eager to participate in this popular IPO are now looking for information on how to check their Go Fashion IPO allotment status on the Bombay Stock Exchange (BSE).
Checking your allotment status is a crucial step after participating in an IPO. It confirms whether you have been allocated shares and how many. This article outlines a simple process to check your Go Fashion IPO allotment status via the BSE website.
The BSE website provides a user-friendly interface for investors to access their application status. Follow these steps to efficiently navigate the process:
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Access the BSE Website: Begin by visiting the official website of the Bombay Stock Exchange.
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Navigate to the ‘Status of Issue Application’: Locate the “Investors” section on the BSE homepage. From the dropdown menu, select “Investor Services” and subsequently, “Status of Issue Application.” This section is dedicated to IPO and other offering allotment details.
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Select ‘Equity’ and ‘Go Fashion’: On the application status check page, choose “Equity” as the issue type. Then, from the dropdown list of issue names, select “Go Fashion (India) Limited.”
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Enter Application Details: Input your PAN (Permanent Account Number) and your application number. Double-check these details to ensure accuracy.
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Complete Verification: Tick the “I’m not a robot” captcha checkbox and click on the “Submit” button. Your Go Fashion IPO allotment status will then be displayed.
Investors can expect to see one of three statuses: “Allotted,” indicating you received the full number of shares you applied for; “Partially Allotted,” signifying you received some, but not all, of the shares requested; or “No Allotment,” meaning you were not allocated any shares in the Go Fashion IPO.
The Go Fashion IPO comprised a fresh issue of ₹125 crore (approximately $16.7 million USD) and an offer for sale of 12.8 million shares. The price band for the IPO was set between ₹655 and ₹690 per share. This IPO aimed to fund the expansion of Go Fashion’s retail network and working capital requirements. The company is a leading women’s bottom-wear brand in India with a strong market presence and diverse product portfolio.
Go Fashion’s successful IPO reflects the company’s prominent position within the Indian apparel market. The high oversubscription indicates significant investor confidence in the company’s future growth prospects. Knowing how to check your Go Fashion IPO allotment status on BSE is essential for all participants.
The Qualified Institutional Buyers (QIBs) portion of the IPO was subscribed 100.73 times, while the Non-Institutional Investors (NIIs) category was subscribed a staggering 262.08 times. The Retail Individual Investors (RIIs) portion saw a subscription rate of 49.79 times, further highlighting the strong demand for Go Fashion shares.
Following the allotment process, successful applicants will have shares credited to their Demat accounts. Those who received a partial or no allotment will receive refunds. The listing date for Go Fashion shares on the BSE and National Stock Exchange (NSE) is a crucial event for investors.
Understanding the mechanics of the IPO process, including how to check your Go Fashion IPO allotment status on BSE, is crucial for both seasoned and new investors. This knowledge empowers investors to track their investments and make informed decisions. Keeping abreast of IPO news and market trends can further enhance your investment journey.
