Go Fashion IPO allotment date, status online: Know GMP and more

Go Fashion IPO allotment date, status: The initial public offering (IPO) of Go Fashion, the women's bottom-wear brand got subscribed 6.87 times after 2 days of bidding, Today is the last day of subscription for the bidders. On the first day of bidding, it was oversubscribed within the first two hours of opening. However, in what will come as a disappointment for investors, Go Fashion IPO GMP (grey market premium) has fallen by 23% in the last two days to ₹460 per share, which was at ₹500 yesterday, according to a Live Mint report. Market observers have to say that such a fall in the grey market premium is along expected lines..

Go Fashion IPO allotment date and status

The Go Fashion IPO allotment is expected to start from November 25, while the refund will be initiated on November 26. Bidders can check the Go Fashion IPO allotment status online on bseindia.com through a direct link, which is: bseindia.com/investors/appli_check.aspx. The equity shares of the company will be listed on BSE and NSE. However, if all SEBI approvals are not received on time, some of these dates may change.

Go Fashion IPO by the numbers

Go Fashion IPO was subscribed 6.87 times on the second day of subscription on Thursday. Markets were closed on Friday due to Guru Nanak Jayanti..

The ₹1,013.6-crore IPO received bids for 5,55,12,051 shares against 80,79,491 shares on offer, according to NSE data.

The category meant for Retail Individual Investors (RIIs) was subscribed 24.64 times, Qualified Institutional Buyers (QIBs) 3.24 times and non-institutional investors 2.30 times.

Go Fashion IPO was fully subscribed within hours of opening on Wednesday.

Go Fashion IPO has a fresh issue of up to ₹125 crore and an offer for sale of up to 12,878,389 equity shares.

Go Fashion IPO price range is at ₹655-690 per share.

Go Fashion IPO will conclude on November 22, 2021.