Go Fashion (Go Colors) IPO GMP - Go Fashion Grey Market Premium
The IPO of Go Fashion (Go Colors) will open on 17 November 2021. Go Fashion plans to raise around Rs 1014 crores through IPO. Know everything about Go Fashion IPO - Go Fashion IPO GMP (Go Fashion Grey Market Premium), IPO Date, Go Fashion IPO Review, All important dates, Benifits and Risk. We will update Gray Market Premium everyday. Also, all the information related to Go Fashion IPO like price band, all dates, issue size and retail portion ,etc. Everytihing about Go Fashion IPO is given below.
Go Fashion IPO
Go Fashion (Go Colors) is going to bring its IPO to the market on November 17. You can apply for Go Fashion IPO from 17 October 2021 to 22 November 2021. Go Fashion is looking to raise ₹1014 crores through an IPO. Go Fashion (Go Colors) IPO Price band is ₹655 - ₹690. Sigachi IPO will be listed on November 30. The IPO of Go Fashion will be listed on NSE and BSE.
Go Fashion (India) Limited is primarily a Designer, Marketer, and Retailer of Women's Bottom Wear. The company's major focus is on bottom wear and they are known as 'Category Makers' with their specialty. The price band of Go Fashion IPO is ₹655 to ₹690. If we talk about quota for IPO, then retail quota is 10%, QIB 75%, and HNI 15%. The company recorded a loss of about ₹3.54 crores till March 2021. Read about Tarsons Products IPO.
What is Go Fashion IPO GMP today?
Go Fashion IPO GMP: ₹450.
What is the Go Fashion IPO Price Band?
Go Fashion IPO Price band is ₹655 - ₹690.
What is Go Fashion IPO Expected Return?
Go Fashion IPO Expected Returns is 50 - 60%.
About Go Fashion
The company is a leading player in branded bottom wear for women in India. The company offers a wide range of bottom wear in terms of different colors and styles along with any type of tops. , Go Fashion India Ltd's wide portfolio includes Patiala, Palazzo, Leggings, Dhoti, Haram Pants, Culotte, Pants, Trousers & Jeggings, Western Wear, Fusion Wear, Athleisure, Denims, etc.
Go Fashion (India) Limited was established in the year 2010. Go Fashion (India) Limited is one of the largest women's bottom-wear brands in India with a major focus on this category. The company develops, designs, sources, and markets a range of women's bottom-wear products. Under the Go Colors brand, women's bottom-wear products come in a wide variety of colors and types.
Go Fashion (India) Limited also sells its products online (on its website) and through multi-brand outlets.
Important Links
Official Website: Go Fashion Limited
DRHP: Go Fashion IPO DRHP
RHP: Go Fashion IPO RHP
Purpose of the offer
- According to the company's RHP - To fund its 120 new exclusive brand outlets.
- The company is looking to finance its working capital requirements.
- To serve the general corporate purpose.
Go Fashion GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 30 November | ₹450 | ₹- | ₹8000 |
| 29 November | ₹500 | ₹- | ₹7500 |
| 28 November | ₹480 | ₹250 | ₹6500 |
| 27 November | ₹500 | ₹250 | ₹6500 |
| 26 November | ₹450 | ₹250 | ₹6500 |
| 25 November | ₹450 | ₹250 | ₹6500 |
| 24 November | ₹400 | ₹250 | ₹6500 |
| 23 November | ₹350 | ₹250 | ₹6000 |
| 22 November | ₹460 | ₹260 | ₹6000 |
| 21 November | ₹500 | ₹250 | ₹6000 |
| 20 November | ₹500 | ₹250 | ₹6000 |
| 19 November | ₹500 | ₹250 | ₹6000 |
| 18 November | ₹600 | ₹300 | ₹6000 |
| 17 November | ₹500 | ₹300 | ₹6000 |
| 16 November | ₹350 | ₹250 | ₹6000 |
| 15 November | ₹350 | ₹- | ₹- |
Go Fashion IPO Date and Price Band Details
Go Fashion IPO open date: 17 November 2021, Closing date: 22 November 2021, and Listing date: 30 November 2021. The price band of Go Fashion IPO is ₹655 to ₹690 per share. Go Fashion IPO issue size is Rs 1014 crores. Go Fashion Ipo retails quota is 10%, QIB Portion is 75% and NII Portion 15%.
| IPO Open: | 17 November 2021 |
| IPO Close: | 22 November 2021 |
| Listing Date: | 30 November 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹1014 Crores |
| Fresh Issue: | Approx ₹125 Crores |
| Offer For Sale: | Approx 12,878,389 Eq. Shares |
| Price Band: | ₹655 to ₹690 per share |
| Face Value: | ₹10 / Equity share |
| QIB Portion: | 75% |
| Issue Type: | Book Build |
| Retail Portion: | 10% |
Go Fashion IPO Market Lot & Size
Go Fashion IPO's minimum lot size is 21 shares with ₹14,490 application amount and the maximum lot size is 273 shares with ₹188,370 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 21 Shares |
| Minimum Amount: | ₹14,490 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 273 Shares |
| Maximum Amount: | ₹188,370 |
Go Fashion IPO Allotment & Listing Date
| Ipo Opening Date: | 17 November 2021 |
| IPO Closing Date: | 22 November 2021 |
| Basis of Allotment: | 25 November 2021 |
| Refund Date: | 26 November 2021 |
| Credit to Demat Account: | 29 November 2021 |
| Listing Date: | 30 November 2021 |
Go Fashion IPO Review
HappiestPost Review: You Can Apply for Small listing gains and Long term (If you are a risk-taking investor).
Brokerage Firm IPO Reviews
- Motilal Oswal: To be updated
- ICICI Securities: To be updated
- Capital Market: To be updated
- Ventura Securities Limited: To be updated
- GEPL Capital Ltd: To be updated soon
Strength
- Go Fashion is one of the largest women's bottom-wear brands in India.
- The company's focus is in a niche category and the company has a wide and diverse product portfolio.
- The company has an online and offline (multi-channel retail) presence in the country.
- The company develops and designs its own products to ensure better quality control.
- The company has a highly experienced management team.
Risks
- The company needs to focus on increasing its brand awareness.
- There is a lot of competition in the category in which the company operates.
- The company must constantly focus on developing the design of its products
- The company had a loss of about 3.54 crores last year.
Go Fashion Financials
Go Fashion Financials (in INR Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹404 | ₹291 | ₹30 |
| 2020 | ₹519 | ₹397 | ₹52 |
| 2021 | ₹548 | ₹282 | -₹3.54 |
Promoters
- Rahul Saraogi
- Gautam Saraogi
- Prakash Kumar Saraogi
- VKS Family Trust
- PKS Family Trust
Go Fashion IPO Registers
KFin Technologies Pvt Ltd
(Formerly known as Karvy Fintech Private Limited)
Selenium, Tower B,
Plot No 31 and 32, Financial District,
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032,
Telangana, India
Tel: +91 40 6716 2222
E-mail: gofashion.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
You Can Check Go Fashion Ipo Allotment Status Via this Link: Click Here
Lead Managers
- ICICI Securities Limited
- JM Financial Consultants Private Limited
- DAM Capital Advisors Ltd
Company Contact and Address
Go Fashion (India) Limited
Sathak Center, 5th Floor,
New No. 4, Old No. 144/2,
Nungambakkam High Road,
Chennai, Tamil Nadu 600 034
Contact Person: Gayathri Venkatesan
Company Secretary and Compliance Officer
Telephone : +91 44 4211 1777
E-mail: companysecretary@gocolors.com
Official Website: https://www.gocolors.com/
Conclusion
The company is a market leader in its segment and is also present in online and offline marketplaces. If you look at the financial position of the company, it is good, although the company had a loss of about 3.54 crores in the last financial year. You can go for a small listing gain. And risk-taking investors can apply for long-term. You should do more research about the company before applying. Which will help you to make better decisions.
FAQs About Go Fashion Ipo
What is the opening date of Go Fashion IPO?
Go Fashion IPO's opening date is 17 November 2021.
What is Go Fashion IPO GMP Today?
Go Fashion IPO GMP is ₹500 as of today.
What is the Go Fashion IPO Closing date?
Go Fashion IPO Closing date is 22 November 2021.
What is the Go Fashion IPO allotment date?
Go Fashion IPO allotment date is 25 November 2021.
What is the Go Fashion IPO listing date?
Go Fashion IPO listing date is 30 November 2021.
What is the Go Fashion IPO Price band?
Go Fashion IPO price band is ₹655 to ₹690.
What is Go Fashion IPO Expected Returns after Listing?
Go Fashion IPO Expected Returns is 50% to 60%.
Read More:
For other important information related to the stock market and Grey Market Premium, Kostak rate, you can click on the links given below.
How to Apply the Go Fashion Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Go Fashion Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
!Note:- Go Fashion IPO official details are announced. Go Fashion IPO Grey Market Premium (GMP) is given above. You can visit our page for daily Go Fashion IPO grey market premium and Other important updates.
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