Go Fashion (India) Limited, known for its women’s bottom-wear brand “Go Colors,” launched its Initial Public Offering (IPO) in November 2021. This article provides a detailed overview of the Go Fashion Ipo Details, including subscription numbers, valuation, and key dates.
Go Fashion IPO Key Highlights
The Go Fashion IPO offered a fresh issue of ₹125 crore and an offer for sale of 12,878,389 equity shares. Key details include:
- IPO Size: ₹1,013.6 crore
- Price Band: ₹655 to ₹690 per share
- Listing Date: November 30, 2021
- Subscription Status: Oversubscribed by 135.46 times
Go Fashion IPO Valuation and Issue Size
The company’s valuation at the upper price band of ₹690 per share reached ₹3,712 crore. The table below breaks down the valuation:
| Particulars | Value (₹ Crore) |
|---|---|
| Upper Price Band (₹) | 690 |
| Existing Shares (Quantity) | 5.21 |
| Fresh Issue (Amount) | 125 |
| Market Cap | 3,712 |
The issue size comprised:
| Issue Type | Amount (₹ Crore) |
|---|---|
| Fresh Issue | 125 |
| Offer For Sale (Quantity) | 12,878,389 shares |
Go Fashion IPO Market Lot and Subscription Details
Investors could apply for a minimum of one lot consisting of 21 shares, amounting to ₹14,490. The maximum application was capped at 13 lots (273 shares) for ₹1,88,370.
| Application | Lot | Shares | Amount (₹) |
|---|---|---|---|
| Minimum | 1 | 21 | 14,490 |
| Maximum | 13 | 273 | 1,88,370 |
The IPO saw significant interest across all investor categories:
| Category | % Offered | Subscription (Times) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | Minimum 75% | 100.73 |
| Non-Institutional Investors (NIIs) | Maximum 15% | 262.08 |
| Retail Individual Investors (RIIs) | Maximum 10% | 49.70 |
| Total | 135.46 |
Go Fashion IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP), an unofficial indicator of market sentiment, fluctuated in the days leading up to the listing.
| Date | GMP (₹) |
|---|---|
| November 22, 2021 | 460 |
| November 23, 2021 | 380 |
| November 24, 2021 | 400 |
| November 25, 2021 | 450 |
| November 26, 2021 | 500 |
Go Fashion IPO Important Dates
| Event | Date |
|---|---|
| Basis of Allotment | November 25, 2021 |
| Refunds | November 26, 2021 |
| Credit to Demat Account | November 29, 2021 |
| Listing Date | November 30, 2021 |
This information is for informational purposes only. Investors should conduct thorough research before making any investment decisions.
