IPO

Go Fashion (India) Limited IPO

Mainboard

Retailing

Listed On: Nov 30, 2021 at ₹ 1310.00(NSE)

₹ 14490 /21 Shares

Check Allotment

17 Nov, 2021

Open Date

22 Nov, 2021

Close Date

25 Nov, 2021

Allotment Date

30 Nov, 2021

Listing Date
Price Summary

Last Closing

455.00 (-34.06%)

52 Week High

1,028.15

52 Week Low

447.30

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹655-690 equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price Total 1,013.61 Crores : 125 Crores Fresh Issue + 888.61 Crores Approx Offer for Sale
  • Listing at BSE, NSE
  • List Price 1310.00(NSE)
  • Listing Date 2021-11-30
  • Lead Manager DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd),ICICI Securities Limited,JM Financial Consultants Private Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 10% (Number of Retail Applications : 69,900 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹655-690 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Nov 17, 2021 and ends on Nov 22, 2021. The allotment for IPO will be finalized on Nov 25, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 30, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd),ICICI Securities Limited,JM Financial Consultants Private Limited.


The IPO sets its price band at 655-690 for each share. A single application for Go Fashion (India) Limited IPO must contain at least 21 shares.

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IPO Subscription Analysis And Details
Retail
49.39x
QIB
100.74x
NII
262.09x
Total
135.40x
As on QIB NII Retail Total
Shares Offered / Reserved 44,06,996 22,03,497 14,68,998 80,79,491
Day 1 17-11-21 05:00 PM
0.25 x 0.44 12.14 x 2.46 x
Day 2 18-11-21 05:00 PM
3.23 x 2.30 24.64 x 6.87 x
Day 3 22-11-21 05:00 PM
100.74 x 262.09 49.39 x 135.40 x
Total No of Applications
2890906
Subscription on the basis of Applications
41.33
Valuations
Earnings Per Share (EPS) ₹(0.66)/-
P/E Ratio (1053.01)
RoNW (1.25)%
Net Asset Value (NAV) - As on 30.06.21 ₹50.56
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 548.36 519.18 404.13
Revenue 282.25 396.83 290.97
Profit After Tax (3.53) 52.63 30.94
About Company

Incorporated in 2010, Go Fashion (India) Limited is one of the largest women's bottom-wear brands in India. The company 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 offers one of the widest portfolios of bottom-wear products among women's apparel retailers in terms of colors and styles. As of May 31, 2021, Go Colors sold bottom-wear in over 50 styles in more than 120 colors.
As of May 31, 2021, the company has 450 exclusive brand outlets (EBOs) that are spread across 23 states and union territories in India. The company's distribution channels include large format stores (LFSs) including Reliance Retail Limited, Central, Unlimited, Globus Stores Private Limited, and Spencer's Retail among others. The company's LFSs have grown from 925 LFSs in 2019 to 1,332 LFSs in May 2021. The company also sells its products through its website, online marketplaces, and multi-brand outlets (MBOs).

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- Promoter(s)

Prakash Kumar Saraogi

Gautam Saraogi

Rahul Saraogi

Pks Family Trust

Vks Family Trust

Pre Issue Share Holding : 57.47%

Post Issue Share Holding : 52.79%

IPO - Issue Objectives
1

Funding roll out of 120 new EBOs (Exclusive Brand Outlets)

2

Funding working capital requirements; and

3

General corporate purposes

IPO - Anchor Investors

Go Colors operator Go Fashion mops up Rs 456.12 crore from anchor investors ahead of IPO

Government of Singapore, Monetary Authority of Singapore, Nomura, Abu Dhabi Investment Authority, Fidelity, Neuberger Berman Emerging Markets Equity Master Fund, University of Notre Dame Du LAC, and Volrado Venture Partners Fund II are among marquee investors invested in Go Fashion through anchor book.

Domestic investors including SBI Mutual Fund, HDFC Trustee, ICICI Prudential, Axis Mutual Fund, Aditya Birla Sun Life, SBI Life Insurance, and Kotak Mutual Fund also made investment in the operator of Go Colors brand.