Go Fashion IPO: Today is the last chance to invest in Go Fashion IPO

Go Fashion IPO: Go Fashion IPO, the parent company of women’s clothing company Go Colors has received a surprising response from retail investors. Below this IPO of Rs 1014 crore, the shareholding for store investors is highly registered, approximately 24.64 times. The IPO opened on November 17 and so far professional institutional buyers, residual investors, and retail investors have registered 6.87 times in this IPO. Most retailer firms have provided a subscription rate.

Speaking of the gray market, after the opening of the IPO, its gray market premium (GMP) has reached Rs 600 but after that, it started to decline and has reached Rs 460. However, despite this, the company’s expansion plan is also strong. . The market share in women’s branded underwear makes it attractive for investment by market experts. The price band for this IPO is set at Rs 655-690 per share.

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This is an expert’s opinion about investing
According to Reliance Securities, the IPO is 14.6 times more than the commercial value of FY21, which is the equivalent of Trent but payable to Aditya Birla Fashion & Retail. Trent and Aditya Birla Fashion & Retail are stronger than Go Fashion but the formal sale of women’s clothing has grown from 19 percent in FY15 to 27% in FY20 and is now expected to reach 42 percent in FY2025 Is. In the case of women’s clothing, sales of underwear are increasing rapidly, estimated to increase from Rs 1.35 million crores in FY 2020 to Rs 2.43 thousand crores per FY 2025. In such a situation, Reliance Securities analysts have advised registration. in this IPO due to the growing potential of Go Fashion.
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Go Fashion (India) is one of the world’s largest brands of women’s underwear. It had an 8 percent share in the women’s clothing market below FY20. Go Fashion, which is one of the leading brands in terms of high-end jeans and revenue per square foot in the entire industry, has a great opportunity to increase investment. In such a situation, according to Sanctum (Treasurer) Treasurer Ashish Chaturmohta, investors can reap the benefits by investing in the Go Fashion IPO for a long time.

Go Fashion IPO: Today is the last chance to invest in Go Fashion IPO
Go Fashion IPO: Today is the last chance to invest in Go Fashion IPO

Go to Fashion IPO Details

Today is the last chance to register for Go Fashion India’s Rs 1014 crore IPO.
Under this issue, new shares worth Rs one-twenty-five crores will be issued and 1-29 equity shares will be sold under OFS. Under OFS, PKS Family Trust and VKS Family Trust will sell equity shares of 7.45 lakh, Sequoia Capital India Investments 74.98 lakh, India Advantage Fund S4 33.11 lakh, and Dynamic India S4 US 5.76 lakh equity.
The price band for this issue is fixed at Rs 655-690 per share. The face value per share is Rs Ten.
Investors can invest in as many as 21 shares in this IPO which means that with the maximum price band, investors will need to invest at least Rs 14490.
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The allotment of shares may be completed by November 25, and the listing may take place on November 30.
75% of the case is for Qualified Institutional Buyers (QIBs), 15 percent for non-institutional investors, and 10 percent for store investors.
The proceeds from the release of new shares will be used to open 120 new specialized product areas, Apart from this, it will also be used for operational financial needs and general business objectives.
JM Financial, DM Capital Advisors (formerly IDFC Securities), and ICICI Securities are the leading managers in the matter.
The registrar of the problem is Keffin Technologies.

Details about the company

Go Fashion India develops, designs and integrates, markets, and sells a wide variety of women’s underwear products under the GoColors brand. It is one of the largest brands of women’s underwear in the country.
It is one of the few clothing companies in the country that has seen a business opportunity with women’s underwear and worked as a creator of the underwear category.
Go Fashion (India) is one of the world’s largest brands of women’s underwear. It had an 8 percent share in the women’s clothing market below FY20.

Its talks about its products worn below, selling churidar, leggings, dhoti, harem pants, Patiala, palazzo, trousers, pants, and jeggings, etc. It offers options for ethnic dress, western dress, fusion dress, running, denim, and additional sizes.
Speaking of the financial position of the company, it lost last financial year due to Corona, but its profit has increased over the past two years. For the two thousand nineteen financial years, the company had a total profit (Tax After Tax) of Rs 30.94 crore, which increased to Rs 52.63 crore for the next financial year 2019-20. In the last financial year 2020-21, the company’s business was affected by Corona and lost Rs 3.54 crore.

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