The Initial Public Offering (IPO) of Go Fashion India Ltd, the company behind the popular women’s bottom-wear brand Go Colors, concluded on November 22, 2021. The IPO witnessed significant investor interest, being oversubscribed by an impressive 135.40 times. With bids exceeding the offered shares, applicants are now keenly awaiting the Go Fashion Ipo Allotment Status to know the outcome of their applications.
The basis of allotment for the Go Fashion IPO was finalized on November 25, 2021. For investors who participated in this IPO, understanding how to check their allotment status is crucial. This article provides a comprehensive guide on how to check your Go Fashion IPO allotment status through the official BSE website and the Angel One platform.
Checking Go Fashion IPO Allotment Status on the BSE Website
The Bombay Stock Exchange (BSE) website offers a straightforward way to check the allotment status of IPOs. Follow these steps to check your Go Fashion IPO allotment status:
Step 1: Access the BSE Website – Open your web browser and go to the official website of the Bombay Stock Exchange (BSE): https://www.bseindia.com/.
Step 2: Navigate to Investor Services – On the BSE homepage, locate the ‘Investors’ section. Within this section, find and click on ‘Investor Services’.
Step 3: Select Application Status Check – Under the ‘Investor Services’ section, look for and click on ‘Status of Issue Application’. This option will take you to the IPO allotment status page.
Step 4: Proceed to Application Status Check – On the ‘Status of Issue Application’ page, find and click on ‘Application Status Check’ to proceed with checking your allotment.
Step 5: Select Issue Type – You will see an ‘Issue Type’ option. Select ‘Equity’ from the provided options as Go Fashion IPO is an equity IPO.
Step 6: Choose Go Fashion IPO – In the ‘Issue Name’ dropdown menu, find and select ‘Go Fashion’ from the list of IPOs.
Step 7: Enter Application Details – Enter your IPO application number and PAN (Permanent Account Number) in the respective fields. Ensure you enter the details accurately as per your IPO application.
Step 8: Verify and Submit – Complete the captcha verification by ticking the ‘I am not a robot’ box. After verification, click on the ‘Submit’ button to check your Go Fashion IPO allotment status.
Your allotment status will be displayed on the screen after submitting these details.
Checking Go Fashion IPO Allotment Status via Angel One
For investors who applied through Angel One, the platform offers a convenient way to check the Go Fashion IPO allotment status directly through their app. Here’s how:
Step 1: Open the Angel One App and Log In – Launch the Angel One mobile application on your smartphone and log in to your DEMAT account using your credentials.
Step 2: Find Investment Opportunities – Once logged in, navigate to the ‘Investment Opportunities’ section within the app. This section is usually easily accessible from the main dashboard.
Step 3: Select IPOs and FPOs – Within ‘Investment Opportunities’, locate and select the ‘IPOs and FPOs’ option. This will take you to the IPO section of the Angel One app.
Step 4: Access Order Book – In the IPO section, find and select the ‘Order Book’ option. This section displays the details of IPO applications placed through Angel One.
Within the ‘Order Book’, you will find the status of your Go Fashion IPO application. The status will be one of the following:
- Allotted: This indicates that you have been allotted the full number of shares you applied for in the Go Fashion IPO.
- Partially Allotted: In case of oversubscription, partial allotment might occur. This status means you have been allotted a portion of the shares you applied for.
- No Allotment: This status signifies that you have not been allotted any shares in the Go Fashion IPO. In this case, the application money will be refunded.
Post Allotment Timeline for Go Fashion IPO
If you have received an allotment in the Go Fashion IPO, you can expect the shares to be credited to your DEMAT account by November 29, 2021. For those who received partial allotment or no allotment, the refund process for the application money would have commenced on November 26, 2021.
Go Fashion IPO Subscription Highlights
The Go Fashion IPO saw strong subscription across all investor categories, reflecting positive market sentiment. Here’s a snapshot of the subscription figures:
- Qualified Institutional Buyers (QIBs): The QIB category was subscribed 100.73 times.
- Non-Institutional Investors (NIIs): The NII category witnessed an overwhelming subscription of 262.08 times.
- Retail Individual Investors (RIIs): The Retail Individual Investors category was subscribed 49.39 times.
Go Fashion intends to utilize the net proceeds from the IPO for the following key objectives:
- Expansion: Funding the establishment of 120 new exclusive brand outlets to strengthen its retail presence.
- Working Capital: Meeting working capital requirements to support business operations and growth.
- General Corporate Purposes: Addressing general corporate needs and strategic initiatives.
Conclusion
Checking the Go Fashion IPO allotment status is a simple process through the BSE website or the Angel One app. Understanding your allotment status is the next crucial step after participating in an IPO. Even if you did not receive an allotment, keep an eye on the listing date. Go Fashion shares were scheduled to be listed on the stock exchanges on November 30, 2021, providing another opportunity to invest in the company post-listing.
Stay informed about IPOs and stock market updates by regularly following financial news and reliable investment platforms.
Frequently Asked Questions (FAQs) on Go Fashion IPO Allotment Status
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When were Go Fashion shares listed on the stock exchanges?
Go Fashion shares were listed on the BSE and NSE on November 30, 2021.
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Who was the registrar for the Go Fashion IPO?
KFintech Private Limited served as the registrar for the Go Fashion IPO, handling the allotment and refund processes.
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On which stock exchanges are Go Fashion shares listed?
Go Fashion shares are listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
