Go Fashion IPO Subscription Details
GO COLORS Subscribed 135 Times on Last Day of Subscription
Retail Portion Booked 49 Times
The initial public offer (IPO) of Go Fashion was subscribed 135.38 times on 22 November 2021, the final day of bidding. The IPO received bids for 109.38 crore equity shares against the offer size of 80.79 lakh equity shares
The retail portion was booked 49.27 times and non-institutional investors submitted bids for 262.08 times their allocated portion.
The portion for qualified institutional buyers was subscribed 100.73 times. Go Fashion sells women’s bottom-wear under the brand Go Colors and logged a market share of around 8 percent in FY20.
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Allotment of shares will be done on 25 November 2021 and shares of the firm will be listed on 30 November 2021 on BSE and NSE. The IPO comprises a fresh issue of equity shares up to Rs 125 crore and an offer for sale of up to 12,878,389 equity shares.
The price band of the IPO has been fixed at Rs 655-690 per share. The lot size for the IPO is 21 shares for which Rs 14,490 will have to be spent.
GoColors IPO Details
| IPO Opening Date | Nov 17, 2021 |
| IPO Closing Date | Nov 22, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹655 to ₹690 per equity share |
| Market Lot | 21 Shares |
| Min Order Quantity | 21 Shares |
| Listing At | BSE, NSE |
| IPO Open Date | Nov 17, 2021 |
| IPO Close Date | Nov 22, 2021 |
| Basis of Allotment Date | Nov 25, 2021 |
| Initiation of Refunds | Nov 26, 2021 |
| Credit of Shares to Demat Account | Nov 29, 2021 |
| IPO Listing Date | Nov 30, 2021 |
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