List of Topic Covered
Summary of Go Fashion India Limited IPO
- Go Fashion IPO will open on 17 Nov 2021
- You can apply in this IPO from 17 Nov 2021 to 22 Nov 2021
- Issue Price band of the company is 655 – 690 per equity share.
- This IPO comprises fresh issue of equity share aggregating up to Rs. 125 crores and offer for sale (OFS) of 1.28 crore equity shares from existing shareholders.
- Go Fashion IPO has a minimum 21 shares in one lot and you have to spend ₹14,490 for 1 lot.
- Go Fashion IPO is looking to raise ₹ 1,013 crore through this IPO.
Grey Market Premium of Go Fashion IPO GMP
Grey market is an unregulated market to trade IPO shares before listing. Go Fashion IPO price band is placed at ₹ 655 – ₹ 690 but the grey market premium of this share is currently 76% up i.e. at ₹ 530. So share price of Go Fashion IPO in grey market is ₹ 1220 (690 + 530).
Go Fashion IPO Live Subscription Status
Go Colors IPO Subscribed 135.46 times overall. Retail category subscribed 49.70 times. QIB category subscribed 100.73 times and NII category subscribed 262.08 times.
What is the Go Fashion IPO ? Key Features of Go Fashion IPO
- Go Fashion India Ltd, is a pioneer and one of the largest branded bottom wear for women in India.
- Gautami Saraogi is the founder and CEO of Go Fashion India Limited.
- Company is involved in the design, development, marketing and retailing of more than 50 legwear styles in over 120 colors from ethnic, western and fusion wear.
- They have wide varieties of products such as churidars, leggings, dhotis, harem pants, patiala, palazzos, culottes, pants, trousers and jeggings which are sold across multiple categories.
- Go Fashion India Limited has 440+ stores across 110+ cities in India.
- Their products are available at Reliance Retail Limited, Central, Unlimited,Lifestyle, Globus Stores Private Limited, and Spencer’s Retail.
- Company had posted good profit numbers and revenue in 2019 and 2020. But in 2021 the profit declined to a loss of 3.54 crores.
Go Fashion IPO Conditions to know before Investing, IPO Date, Lot Size, Allotment
| IPO Start Date | 17 November 2021 |
| IPO Close Date | 22 November 2021 |
| Share Allotment Date | 25 November 2021 |
| Refunds Date | 26 November 2021 |
| Credit to Demat Account Date | 29 November 2021 |
| IPO Listing Date | 30 November 2021 |
| Fresh Equity Share Issue | Approx ₹ 125 Crores |
| Offer For Sale (OFS) Equity Share | Approx 12,878,389 Equity Share |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹ 655 – ₹ 690 Per Equity Share |
| Retail Quota Share | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Listing on | NSE & BSE |
| Minimum Lot Size | 21 Share in 1 Lot |
| Minimum Amount | ₹ 14,490 For 1 Lot |
| Maximum Lot Size | 273 Shares (13 Lot) |
| Maximum Amount | ₹ 188,370 (For 13 Lot) |
| Employee Discount | NA |
How to Apply in Go Fashion IPO
- You can apply for the Go Fashion IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Go Fashion (India) Limited
- Also you can apply this IPO through your trading account
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
Go Fashion India Limited Financial Report of 2019,2020 & 2021
Company had posted good profit numbers and revenue in 2019 and 2020. But in 2021 the profit declined to a loss of 3.54 crores.
| Assets | Revenue | Expense | PAT (Profit After Tax) | |
| 2019 | ₹ 404 | ₹ 291 | ₹ 249 | ₹ 30.94 |
| 2020 | ₹ 519 | ₹ 397 | ₹ 329 | ₹ 52.63 |
| 2021 | ₹ 548 | ₹ 282 | ₹ 285 | – ₹ 3.54 |
How Much Quota is Reserved for Retail Investors, QIB, NII in Go Fashion IPO
Go Fashion IPO’s 75% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 10% quota is reserved for retail investors.
Go Fashion IPO Promoters
- Prakash Kumar Saraogi
- Gautam Saraogi
- Rahul Saraogi
- PKS Family Trust
- VKS Family Trust
Go Fashion IPO Lead Managers
- ICICI Securities Limited
- DAM Capital Advisors Limited
- JM Financial Limited
How to apply for the Go Fashion IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Go Fashion (India) Limited IPO.
- Then click on the bid button.
- Then enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Go Fashion IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Go Fashion (India) Limited IPO.
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Allotment Status For Go Fashion India Limited IPO
- You can check Go Fashion IPO allotment status on Registrar and Transfer Agent Website
- Also you can check the allotment status on NSE Website
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I hope this helps you to understand Go Fashion India Limited IPO really well. If you have any question about this IPO, please comment below and we will get back to you immediately.