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Did you ask for Go Fashion’s shares during the IPO? What GMPs Report About the Problem




Get started in the fashion IPO: After three days of auction, Go Fashion IPO has been subscribed 135.46 times. The public stake is worth 1,013.61 crore were subscribed 49.70 times in the retail category, 100.73 in the QIB category and 262.08 in the NII category. Meanwhile, on the gray market, the Go Fashion share price corrected for the second day in a row. According to market watchers, go Fashion shares are available at a premium of 380 on the gray market today.

Go Fashion IPO GMP

According to market watchers, Go Fashion IPO premium market (GMP) is today 380, that is 90 less than his gray market premium of yesterday of 470. They said that such a fall in the current dive market is very much to be expected. They said the gray market premium of Go Fashion IPO stayed around 500 since it became available for auction. This drop in the gray market price of Go Fashion’s IPO is due to the new massive sell-off on Monday. They said one should feel relieved because the fall in the gray market price of Go Fashion is still not up to the drop in the stock market.

What does this BPF mean?

Market watchers added that GMP reflects an expected listing gain from the public offering. As Go Fashion IPO GMP today is 380, this means that the gray market expects shares of Go Fashion to be listed at around 1070 ( 690 + 380), which is about 55% higher than its upper price bracket.

However, market watchers have argued that the gray market premium should not be viewed as a concrete indicator of an IPO. In fact, it is the financial data of the company that gives a real picture of the company.

Highlight the fundamentals of Go Fashion’s IPO; Nitin Shahi, Executive Director of Findoc, said: “Go Fashion is one of the leading companies in the women’s stocking industry. The company has a well-diversified product portfolio as well as a pan-Indian multi-channel distribution network. demonstrated strong financial performance. In addition, the retail market for women’s socks is a growing market. The share of organized retail in women’s clothing has increased from 19% in 2015 to 27% in 2020 and is expected to reach 42%. percent by fiscal 2025.

Disclaimer: The opinions and recommendations expressed above are those of individual analysts or brokerage firms, not Mint.

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