Go Fashion (India) Limited IPO

Mainboard

Retailing

Listed On: Nov 30, 2021 at ₹ 1310.00(NSE)

₹ 14490 /21 Shares

Check Allotment

Price Summary

Last Closing

1,302.00 (88.7%)

52 Week High

1,367.30

52 Week Low

933.30

Last Update

20-Sep-2024 3:30 PM

IPO Details

17 Nov, 2021

Open Date

22 Nov, 2021

Close Date

25 Nov, 2021

Allotment Date

30 Nov, 2021

Listing Date

Issue Price

₹655-690 equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

1310.00(NSE)

Listing Date

2021-11-30

Market Lot

21 Shares (₹14,490/-)

Lead Manager

DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd),ICICI Securities Limited,JM Financial Consultants Private Limited

Issue Size

Total 1,013.61 Crores : 125 Crores Fresh Issue + 888.61 Crores Approx Offer for Sale

Retail Portion

10% (Number of Retail Applications : 69,900 Approx)

Subscription

135.40 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	44,06,996	22,03,497	14,68,998	80,79,491
Day 1 - 17-11-21 05:00 PM	0.25 x	0.44	12.14 x	2.46 x
Day 2 - 18-11-21 05:00 PM	3.23 x	2.30	24.64 x	6.87 x
Day 3 - 22-11-21 05:00 PM	100.74 x	262.09	49.39 x	135.40 x

Total No. of Applications: 2890906 (Approx)

Retail Subscription on the basis of Applications: 41.33 times

Valuations

Earnings Per Share (EPS)

₹(0.66)/-

P/E Ratio

(1053.01)

RoNW

(1.25)%

Net Asset Value (NAV) - As on 30.06.21

₹50.56

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	548.36	519.18	404.13
Revenue	282.25	396.83	290.97
Profit After Tax	(3.53)	52.63	30.94

About The Company

Incorporated in 2010, Go Fashion (India) Limited is one of the largest women's bottom-wear brands in India. The company is engaged in the development, design, sourcing, marketing, and retailing of a range of women's bottom-wear products under the brand, Go Colors. The company offers one of the widest portfolios of bottom-wear products among women's apparel retailers in terms of colors and styles. As of May 31, 2021, Go Colors sold bottom-wear in over 50 styles in more than 120 colors.
As of May 31, 2021, the company has 450 exclusive brand outlets (EBOs) that are spread across 23 states and union territories in India. The company's distribution channels include large format stores (LFSs) including Reliance Retail Limited, Central, Unlimited, Globus Stores Private Limited, and Spencer's Retail among others. The company's LFSs have grown from 925 LFSs in 2019 to 1,332 LFSs in May 2021. The company also sells its products through its website, online marketplaces, and multi-brand outlets (MBOs).

- Promoter(s)

Pre Issue Share Holding: 57.47%

Post Issue Share Holding: 52.79%

Company Promoter(s)

Prakash Kumar Saraogi
Gautam Saraogi
Rahul Saraogi
Pks Family Trust
Vks Family Trust

IPO - Issue Objectives

Funding roll out of 120 new EBOs (Exclusive Brand Outlets)
Funding working capital requirements; and
General corporate purposes

IPO - Anchor Investors

Go Colors operator Go Fashion mops up Rs 456.12 crore from anchor investors ahead of IPO

Government of Singapore, Monetary Authority of Singapore, Nomura, Abu Dhabi Investment Authority, Fidelity, Neuberger Berman Emerging Markets Equity Master Fund, University of Notre Dame Du LAC, and Volrado Venture Partners Fund II are among marquee investors invested in Go Fashion through anchor book.

Domestic investors including SBI Mutual Fund, HDFC Trustee, ICICI Prudential, Axis Mutual Fund, Aditya Birla Sun Life, SBI Life Insurance, and Kotak Mutual Fund also made investment in the operator of Go Colors brand.

IPO - FAQs

Ans. Go Fashion (India) Limited IPO is a Mainboard IPO. The issue is priced at ₹655-690 equity share. The minimum order quantity is 21 Shares. The IPO opens on Nov 17, 2021, and closes on Nov 22, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Go Fashion (India) Limited IPO opens on Nov 17, 2021 and closes on Nov 22, 2021.

Ans. The size of Go Fashion (India) Limited IPO is Total 1,013.61 Crores : 125 Crores Fresh Issue + 888.61 Crores Approx Offer for Sale.

Ans. The IPO price band is set between ₹655-690 equity share.

Ans. To apply for Go Fashion (India) Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Go Fashion (India) Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Go Fashion (India) Limited IPO is Nov 25, 2021.

Ans. The Go Fashion (India) Limited IPO will be listed on Nov 30, 2021.

Ans. Follow the steps to check the allotment status for Go Fashion (India) Limited IPO here.