Go Fashion's shares will list on the bourses on November 30Women's wear brand name Go Fashion's shares will debut on the stock exchange on Tuesday, November 30.
The shares are likely to list at 65 percent to 70 percent premium, according to grey market trends.They will be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Go Fashion had actually lifted Rs 1,014 crore from the public problem that was subscribed 135.46 times between November 17 to November 22.Non-institutional investors had put in bids 262.08 times the portion reserve for them and qualified institutional financiers' reserved part was subscribed 100.73 times.
Retail investors purchased shares 49.70 times the part scheduled for them.The IPO consisted of a fresh problem of Rs 125 crore and an offer-for sale of Rs 888.61 crore by promoters and investors.The company will utilize the net proceeds from fresh issue for rolling out 120 special brand outlets, and meeting operating capital requirements.In 2020-21, Go Style had actually taped a loss of Rs 3.54 crore as against a revenue of Rs 52.63 crore in previous fiscal.It had reported a loss of Rs 18.99 crore in the quarter ended June 2021 as against a loss of Rs 8.59 crore during the matching period of last year.