Go Fashion IPO share allotment status: Investors can check online on this date
Go Fashion IPO share allotment status: Go Fashion Limited, which sells women's bottom-wear under the name of Go Colors in India, got a good response from investors with 6.87 times subscription on the second day of bidding. The public subscription for the company was opened on November 17, which got subscribed nearly 2.5 times on its first day. On the first day, he initial public offer of Go Fashion (India) Limited was fully subscribed within the hours of opening. The price band of the IPO is ₹655-690 per share, which will conclude on November 22. With such a buying frenzy surrounding Go Fashion IPO, investors would be looking forward to the rolling around of the allotment date to know their fate in this IPO.
Go Fashion IPO share allotment date
If the process of the bidding goes according to the scheduling and all the relevant permissions are received, then the allotment for the Go Fashion IPO will commence from November 25. The Go Fashion refund will be initiated on November 26.
Go Fashion IPO share allotment status
Investors can check the status of the Go Fashion IPO online at bseindia.com. The direct link is bseindia.com/investors/appli_check.aspx. The company's equity shares will be traded on the BSE and NSE. Some of these dates may alter if all SEBI approvals are not received on time.
Go Fashion IPO status: Day 2
- On the second day, the ₹1,013.6-crore Go Fashion IPO received bids for 5,55,12,051 shares against 80,79,491 shares on offer, according to NSE data.
- Retail Individual Investors (RIIs) was subscribed 24.64 times in Go Fashion IPO
- Qualified Institutional Buyers (QIBs) got 3.24 times subscription, and
- Non-institutional investors subscribed 2.30 times
About Go Fashion and its IPO funds
Launched in 2010, Go Fashion is the exclusive brand dedicated to women's bottom-wear category, which sells the product under Go Colors name tag, has a pan India network of 459 exclusive brand outlets, which includes 12 COCO kiosks and 11 franchise stores distributed throughout 23 states and union territories. The company proposed that the raised IPO funds will be utilised to begin 120 new new exclusive brand outlets, and will be working on capital requirements in addition to general corporate purposes.