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Go Fashion IPO share allocation status: The initial public offering (IPO) of Go Fashion (India), which owns the women’s clothing brand Go Colors, was subscribed 135.46 times out of the 80.79 lakh shares offered during the subscription period from November 17 to 22, 2021. The price range has been set at Rs 655- 690 per share.

Go Fashion IPO received offers of over 109.44 crore ( shares against the total issue size of over 80.79 lakh (80.79,491) shares, according to available data with the National Stock Exchange (NSE).

The shares to be allocated to Qualified Institutional Buyers (QIB) have been subscribed 100.73 fold, while those of non-institutional investors have been subscribed 262.08 fold and that of individual retail investors (RII) has been subscribed 49.70 times, the The data show.

Go Fashion’s IPO of Rs 1,013.6 crore includes a new issue of shares totaling up to Rs 125 crore and an offer to sell (OFS) of up to 12,878,389 shares by the promoter and existing shareholders.

Proceeds from the new issue will be used to finance the deployment of 120 new exclusive branded outlets, to support working capital needs and general corporate objectives.

Investors are now eagerly awaiting the share grant date for Go Fashion’s IPO. The company is supposed to finalize the award by Thursday, November 25, 2021, on schedule in the Red Herring Prospectus (RHP). If you’ve applied for Go Fashion’s IPO, here’s how you can check the status of your award when it’s declared:

  • The award status will be updated on the IPO Registrar’s website, which in this case is KFin Technologies (Click here: Applicants will need to select GO FASHION (INDIA) LIMITED from the drop-down menu and enter either their application number or DPID / Client ID or PAN, enter the Captcha code (which is displayed in numbers) and click Submit to view their status. attribution.
  • In addition to the registrars website, applicants can also view their award status on the ESB website (Click here: Here they will need to select Equity in Issue Type, then select GO FASHION (INDIA) LIMITED from the drop-down list in the Issue Name section, enter their application number and PAN number in the respective boxes, then click search to view their status. .

The listing of the shares of Go Fashion (India) is likely to take place on Tuesday, November 30, 2021, both on the NSE and on the ESB.

JM Financial, DAM Capital Advisors and ICICI Securities are primarily responsible for the IPO.




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