Go Fashion’s initial public offering (IPO) concluded on November 22, 2021, garnering significant investor interest. The IPO, which was open for three days, was oversubscribed by an impressive 135.40 times, receiving bids for 109,39,82,631 shares against an allotment of 80,79,491 shares. This overwhelming response highlights the strong market enthusiasm for the women’s bottom-wear brand.
The Go Fashion IPO comprised a fresh issue of shares worth Rs. 125 crores and an offer for sale of 1.28 crore shares. The shares were priced between Rs. 655 and Rs. 690 per share. For investors who participated in this IPO, the basis of allotment was set for November 25, 2021. If you are wondering about your application status, there are straightforward methods to check your Go Fashion IPO allotment status.
You can conveniently check the Go Fashion IPO allotment status through the Bombay Stock Exchange (BSE) website. Here’s a step-by-step guide to help you navigate the process:
Step 1: Visit the official website of the Bombay Stock Exchange (BSE).
Step 2: Hover over the ‘investors’ tab and then click on ‘investor services’ from the dropdown menu.
Step 3: On the ‘investor services’ page, find and click on ‘status of issue application’.
Step 4: You will be redirected to a new page. Scroll down and click on ‘application status check’.
Step 5: Under ‘issue type’, select ‘equity’.
Step 6: From the ‘issue name’ dropdown menu, choose ‘Go Fashion’.
Step 7: Enter your IPO application number and PAN details in the respective fields.
Step 8: Complete the CAPTCHA verification by ticking the ‘I am not a robot’ box and then click on the ‘submit’ button to view your Go Fashion IPO allotment status.
Alternatively, for those who use Angel One for their investments, checking the Go Fashion IPO allotment status is even more streamlined through the Angel One app.
Here is a detailed guide on how to check your Go Fashion IPO allotment status using the Angel One app:
Step 1: Launch the Angel One app on your smartphone and log in to your DEMAT account using your credentials.
Step 2: Look for the ‘investment opportunities’ tab, usually located on the homepage or in the menu, and tap on it.
Step 3: Within ‘investment opportunities’, find and select the ‘IPOs and FPOs’ option.
Step 4: Navigate to and click on the ‘order book’ section. This section will display the details of your IPO applications and their status, including your Go Fashion IPO allotment status.
Upon checking your Go Fashion IPO allotment status, you might encounter one of the following statuses:
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Allotted: This status confirms that you have been successfully allotted the full quantity of shares you applied for in the Go Fashion IPO. Congratulations, you have received your share allocation!
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Partially Allotted: In cases of oversubscription, partial allotment may occur. This status indicates that you have been allotted only a portion of the shares you applied for.
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No Allotment: This status means that unfortunately, you have not received any share allotment in the Go Fashion IPO. This is common in highly oversubscribed IPOs.
If you have received an allotment of Go Fashion IPO shares, 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, known for its diverse range of women’s bottom-wear, witnessed strong subscription across investor categories. The Qualified Institutional Buyers (QIBs) category was subscribed 100.73 times, Non-institutional Investors subscribed 262.08 times, and Retail Individual Investors (RIIs) subscribed 49.39 times. The funds raised from the IPO are earmarked for various strategic initiatives, including the expansion of executive brand outlets, meeting working capital needs, and general corporate purposes.
In conclusion, checking your Go Fashion IPO allotment status is a simple process whether you use the BSE website or the Angel One app. For those who did not receive allotment, there’s still an opportunity to invest in Go Fashion shares once they are listed on the stock exchanges. Stay informed about IPOs and stock market updates by following reliable financial resources.
Frequently Asked Questions
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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.
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Who is the registrar for the Go Fashion IPO?
KFintech Private Limited is the official registrar for the Go Fashion IPO, managing the allotment and refund processes.
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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).
