Go Fashion IPO description – The company is a leading player in women’s bottom-wear brand in India, with a market share of approximately 8% in the branded women’s bottom-wear market in Fiscal 2020. The company is engaged in the development, design, sourcing, marketing and retailing a range of women’s bottom-wear products under the brand, ‘Go Colors’. The company was among the first players to launch a brand exclusively dedicated to women’s bottom-wear category and has leveraged this advantage to create a direct-to-consumer brand with a diversified and differentiated product portfolio.
Its bottom-wear products, which include churidars, leggings, dhotis, harem pants, patiala, palazzos, culottes, pants, trousers and jeggings, are sold across multiple categories such as ethnic wear, western wear, fusion wear, athleisure, denims, plus sizes and girls’ wear. As of 30 September 2021, it sold bottom-wear in over 50 styles in more than 120 colours. The women’s bottom-wear is the fastest growing category in the women’s apparel segment market and contributes to INR135,470 million in Fiscal 2020 and is expected to grow at a CAGR of 12.35% to reach INR 243,150 million by Fiscal 2025.
Promoters of Go Fashion – Prakash Kumar Saraogi, Gautam Saraogi, Rahul Saraogi, PKS Family Trust and VKS Family Trust
Go Fashion IPO Details
| Subscription Dates | 17 – 22 November 2021 |
| Price Band | INR655 – 690 per share |
| Fresh issue | INR125 crore |
| Offer For Sale | 12,878,389 shares (INR843.53 – 888.61 crore) |
| Total IPO size | INR968.53 – 1,013.61 crore |
| Minimum bid (lot size) | 21 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Go Fashion Financial Performance (in INR crore)
| Â | FY2019 | FY2020 | FY2021 | Q1 FY2022 |
| Revenue | 291.0 | 396.8 | 282.3 | 40.3 |
| Expenses | 248.8 | 328.6 | 285.4 | 58.7 |
| Net income | 30.9 | 52.6 | (3.5) | (19.0) |
| Margin (%) | 10.6 | 13.3 | (1.2) | (47.1) |
Go Fashion IPO News
- Go Fashion post-IPO strategy: Grey market suggests strong listing
- Go Fashion IPO opens today: Gain or Pain?
- Go Fashion IPO RHP
- Go Fashion IPO DRHP
Go Fashion Valuation (as of FY2021)
Earnings Per Share (EPS): (INR0.68)
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): (1.25%)
Net Asset Value (NAV): 54.21
Go Fashion IPO GMP Daily Trend
| Date | Go Fashion IPO GMP | Kostak | Subject to Sauda |
| 29 Nov 2021 | INR450 (Few trades) | – | – |
| 27 Nov 2021 | INR430 (Few trades) | – | – |
| 26 Nov 2021 | INR400 (Few trades) | – | – |
| 25 Nov 2021 | INR425 | INR250 | INR5,700 |
| 24 Nov 2021 | INR400 | INR250 | INR5,500 |
| 23 Nov 2021 | INR350 | INR200 | INR4,500 |
| 22 Nov 2021 | INR400 | INR230 | INR5,000 |
| 20 Nov 2021 | INR450 | INR250 | INR5,500 |
| 19 Nov 2021 | INR480 | INR300 | INR6,000 |
| 18 Nov 2021 | INR550 | INR350 | INR7,000 |
| 17 Nov 2021 | INR400 | INR300 | INR5,000 |
| 16 Nov 2021 | INR250 | INR250 | INR2,600 |
| 15 Nov 2021 | INR300 | INR250 | INR2,000 |
Go Fashion IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 44,06,996 | 0.25 | 3.24 | 100.73 |
| NII | 22,03,497 | 0.44 | 2.30 | 262.08 |
| Retail | 14,68,998 | 12.14 | 24.64 | 49.40 |
| Employees | ||||
| Total | 80,79,491 | 2.46 | 6.87 | 135.40 |
Go Fashion IPO Reviews – Subscribe or Avoid?
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Go Fashion Offer Registrar
KFin Technologies Private LimitedÂ
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551
Email:Â [email protected]
Website:Â www.kfintech.com
Go Fashion Contact Details
Go Fashion India Limited
Sathak Center, 5th Floor,
New No. 4, Old No. 144/2,
Nungambakkam High Road,
Chennai, Tamil Nadu 600 034
Phone:Â +91 44 4211 1777
Email:Â [email protected]
Website:Â www.gocolors.com
Go Fashion IPO Allotment Status
Go Fashion IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.
Meanwhile, bank debits and unlocking of application amount has started. Please check bank account balance for allotment status.
Go Fashion IPO Timetable
IPO Opening Date: 17 November 2021
IPO Closing Date: 22 November 2021
Finalisation of Basis of Allotment: 25 November 2021
Initiation of refunds: 26 November 2021
Transfer of shares to demat accounts: 29 November 2021
Listing Date: 30 November 2021
Opening Price on NSE: INR1,310 per share (up 89.86% from IPO price)
Closing Price on NSE: INR1,253.7 per share (up 81.70% from IPO price)
Go Fashion IPO FAQs
How many shares in Go Fashion IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Go Fashion Public Offer?
The best way to apply in Go Fashion IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Go Fashion IPO GMP today?
Go Fashion IPO GMP today is INR450 per share.
What is Go Fashion IPO kostak rate today?
Go Fashion IPO kostak rate today is NA per application.
What is Go Fashion Subject to Sauda rate today?
Go Fashion Subject to Sauda rate today is NA per application.
