Go Fashion IPO

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)

	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?

Angel One – Subscribe
Anand Rathi – Subscribe
Antique Stock Broking –
Arihant Capital –
Ashika Research – Subscribe
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
CapitalVia – Avoid
Choice Broking – Subscribe for long term
Elite Wealth –  Listing Gain
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect – Unrated
KR Choksey –
Marwadi Financial Services – Subscribe
Motilal Oswal –
Nirmal Bang – Subscribe
Religare Broking –
Samco Securities – Subscribe for listing gains
SMC Global – 2.5/5
Ventura Securities – Subscribe

---

Go Fashion Offer Registrar

KFin Technologies Private Limited 
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax: +91 40 2343 1551
Email: [email protected]
Website: 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: +91 44 4211 1777
Email: [email protected]
Website: 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