Gofashion IPO Subscription Status : Go Fashion IPO Date, Share Price, Listing Price, Launch Date

Gofashion IPO Subscription Status : Go Fashion IPO Date, Share Price, Listing Price, Launch Date

Today is the final day of Go Fashion’s IPO for women’s clothes. 6.87 people have signed up for the company’s issue in the last two days. An initial public offering of Rs 1013.61 crore was made by the company. An issue price of Rs 655-690 has been announced. There is a premium of Rs 470 for the company’s unlisted shares in the grey market.

Monday’s GMP for Go Fashion’s IPO was Rs 470, down Rs 30 from the previous day, according to market analysts. The decline in the GMP of the company, according to market analysts, is in line with expectations. The GMP of the Go Fashion IPO has been around Rs.500 for the previous week. Market analysts believe that the strength of the grey market premium reveals the strong sentiment of investors. In this case, it is assumed that the subscription will also be affected.

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Go Fashion shares can currently be traded at Rs 1160 (690+470), according to the current GMP. This is 70 percent more expensive than the company’s most expensive price range.

Go Fashion ipo

Is it a smart idea to invest?

Price Range Rs.655 – 690

Minimum Investment Rs.13755

Minimum Quantity: 21

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Offer End : 22 Nov 2021
Allotment Finalisation : 25 Nov 2021
Refund Initiation : 26 Nov 2021
Listing : 30 Nov 2021

The company is among the largest women’s bottom-wear brands in India, with a market share of approximately 8% in the branded women’s bottom-wear market in Fiscal 2020. It is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand, ‘Go Colors’.

The company is among the few apparel companies in India to have identified the market opportunity in women’s bottom-wear and have acted as a ‘category creator’ for bottom-wear. It has leveraged its first mover advantage to create a direct-to-consumer brand with a diversified and differentiated product portfolio of premium quality products at competitive prices.

The share of organized retailing within women’s apparel has increased from 19% in Fiscal 2015 to 27% in Fiscal 2020 and is expected to reach 42% by Fiscal 2025.