Go Fashion (India), known for its women’s bottom-wear brand Go Colors, launched its IPO on November 17, closing on November 22. Investors are keenly awaiting updates, especially regarding the share allotment. The IPO aimed to raise ₹1,014 crore through a fresh issue of shares and an offer for sale.
The IPO price band was fixed at ₹655-690 per share. The market response was strong, reflected in the grey market premium of ₹530 per share. For investors who have applied for the Go Fashion IPO, the most crucial dates are those related to allotment, refunds, and listing.
Here’s a breakdown of the important dates associated with the Go Fashion IPO:
- IPO Open Date: November 17
- IPO Close Date: November 22
- Allotment Date: November 25
- Initiation of Refunds: November 26
- Credit of Shares to Demat Account: November 29
- IPO Listing Date: November 30
The allotment date, November 25, is when successful applicants will be informed about their share allocation. Following the allotment, unsuccessful applicants will have their refunds initiated on November 26. Successful allottees will see shares credited to their Demat accounts by November 29, and Go Fashion’s shares are expected to list on the stock exchanges on November 30.
The funds raised from the IPO are earmarked for expanding Go Fashion’s exclusive brand outlets, supporting working capital, and general corporate purposes. The company has shown strong revenue growth and profitability compared to its peers, making it an attractive investment option for many. Market analysts had recommended a “subscribe” rating for the IPO, citing reasonable valuation and positive financial indicators.
