Go Fashion IPO share allotment standing: The preliminary public providing (IPO) of Go Fashion (India), which owns girls’s put on model Go Colors, was subscribed 135.46 occasions over the 80.79 lakh shares that had been on supply in the course of the subscription interval from November 17-22, 2021. The worth band was fastened at Rs 655-690 per share.
Go Fashion IPO obtained bids of over 109.44 crore (1,09,44,34,026) shares in opposition to the whole problem measurement of over 80.79 lakh (80,79,491) shares, knowledge accessible with the National Stock Exchange (NSE) confirmed.
The shares that are to be allotted for the certified institutional patrons (QIBs) was subscribed 100.73 occasions, whereas these of non institutional traders was subscribed a whopping 262.08 occasions and that of retail particular person traders (RIIs) was subscribed 49.70 occasions, the information confirmed.
The Rs 1,013.6 crore Go Fashion IPO includes recent problem of fairness shares aggregating as much as Rs 125 crore and a suggestion on the market (OFS) of as much as 12,878,389 fairness shares by promoter and present shareholders.
The proceeds from the recent problem will likely be used to fund the roll-out of 120 new unique model shops, to assist working capital necessities and basic company functions.
Investors at the moment are trying ahead to the share allotment date of the Go Fashion IPO. The firm is meant to finalise the allotment by Thursday, November 25, 2021, as per the timeline supplied within the purple herring prospectus (RHP). In case you may have utilized for the Go Fashion IPO, then right here is how one can test the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is KFin Technologies (Click right here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants might want to choose GO FASHION (INDIA) LIMITED within the drop-down menu and enter both their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is proven in digits) and click on on Submit to view their allotment standing.
Apart from the registrar’s web site, candidates can even test the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose GO FASHION (INDIA) LIMITED from the drop-down record within the Issue Name part, enter their Application Number and PAN Number within the respective containers after which click on on search to view their standing.
The itemizing of shares of Go Fashion (India) is prone to happen on Tuesday, November 30, 2021, on each the NSE and BSE.
JM Financial, DAM Capital Advisors and ICICI Securities are the e-book operating lead managers to the IPO.