Go Fashion India’s initial public offering (IPO) was subscribed 135.40 times on the last day, Monday, November 22. Non-Institutional Investors (NII) have subscribed to the Go Fashion IPO 262.08 times, the retail portion has been registered 49.40 times and Qualified Institutional Buyers (QIB) have subscribed 100.73 times for this IPO.
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There are two ways to check the award status of Go Fashion (India) Limited IPO. This can be verified either through the official ESB website or by visiting the registrar’s KFintech website.
Checking the status of Go Fashion India’s IPO allocation on BSE
Step 1- Log in to the BSE link bseindia.com/investors/appli_check.aspx
Step 2- Select Tarsons products
Step 3- Enter the IPO application number
Step 4- Enter PAN card details
Step 5 – Click on “I am not a robot”
Step 6 – Click on the “Submit” button
Go Fashion India IPO Award Status Check on KFintech Website
1) Login to KFintech direct website https://ris.kfintech.com/ipostatus/ipos.aspx
2) Select the IPO from the drop-down list.
3) Now select the request number / DPID / Client ID / PAN
4) Enter the request number followed by the Captcha code
5) Now click on the “Submit” option and the status of your IPO application will become available on your computer or smartphone screen.
The company had set a price range of Rs 655-690 per share for this issue. An investor can bid on a minimum of 21 stocks and in multiples thereof.
The IPO included a new issue of Rs 1,014 crore shares totaling up to Rs 125 crore and an offer to sell up to 12,878,389 shares by the promoter and existing shareholders, the project showed. the company’s red herring prospectus (DRHP).
The company plans to use the net proceeds of the issuance to fund the rollout of 120 new, exclusive branded outlets, to support working capital needs and overall corporate objectives.
Go Fashion had raised a little over Rs 456 crore on Tuesday last week from flagship investors.
Timeline of Go Fashion’s IPO
Application start date: November 17, 2021
Application deadline: November 12, 2021
Award start date: November 25, 2021
Start date of reimbursement: November 26, 2021
Award finalization date: November 29, 2021
Registration date: November 30, 2021
Dates according to Upstox.
(Disclaimer: The views / suggestions / advice expressed here in this article are solely by investment experts. Zee Business suggests that its readers consult their investment advisers before making a financial decision.)
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