Go Fashion (India), the company behind the popular women’s bottom-wear brand Go Colors, launched its Initial Public Offering (IPO) to raise ₹1,014 crore. The IPO opened on November 17th and closed on November 22nd, drawing significant interest from investors. A key aspect for those who applied for the IPO is the allotment of shares. Understanding the Go Fashion IPO allotment process and timeline is crucial for investors to know when and how they will receive shares, or when their funds will be released back to them.
The Go Fashion IPO had a price band of ₹655 to ₹690 per share. The IPO included a fresh issue of equity shares worth ₹125 crore and an offer for sale of 1.28 crore equity shares by promoters and investors. With the IPO now closed, the focus shifts to the share allotment process and subsequent listing.
The grey market premium (GMP) for Go Fashion IPO shares was notably strong at ₹530 per share, indicating positive investor sentiment and potentially robust listing gains. This premium suggests strong demand for the IPO, making the allotment process even more keenly watched by applicants.
| Issue Details | |
|---|---|
| Price Band | ₹655-690 |
| 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 |
| Minimum Lot | 21 |
The allotment date for the Go Fashion IPO is November 25th. This is the date when the finalization of share allocation will take place. On this day, applicants will be able to check whether they have been allotted shares in the IPO or not. For those who are allotted shares, the subsequent steps involve the credit of shares to their demat accounts and eventually the listing of the shares on the stock exchanges.
For applicants who do not receive an allotment of shares in the Go Fashion IPO, the initiation of refunds will commence on November 26th. The funds blocked in their accounts for the IPO application will be unblocked and become available for use again. The refund process typically takes a few days to reflect in the applicant’s bank account.
For those who are successfully allotted shares, the credit of shares to their demat account will happen on November 29th. This means the Go Fashion shares will be visible in the demat accounts of successful allottees, ready for trading once the IPO is listed.
Finally, the Go Fashion IPO is expected to list on the stock exchanges on November 30th. This is the date when the shares of Go Fashion (India) will commence trading on the exchanges, and allottees can begin to trade their shares in the secondary market. The listing date marks the completion of the IPO process and the start of Go Fashion’s journey as a publicly listed company.
The proceeds from the fresh issue of the IPO are earmarked for funding the rollout of 120 new exclusive brand outlets, supporting working capital requirements, and for general corporate purposes. The strong grey market premium and positive analyst ratings suggest a potentially favorable listing for Go Fashion, making the allotment outcome highly anticipated by investors.
