Go Fashion IPO GMP, Price, Review, and Allotment 2021.
- A detailed description of the Go Fashion initial public offering – With an expected 8 percent share of the branded women’s bottoms market in India in Fiscal 2020, the company is a major force in the industry. The business creates and sells women’s undergarments under the Go Colors label and is involved in all stages of the supply chain, from material procurement to final retail.
- The company capitalized on its early position in the market by introducing a line of women’s underwear under its own label, and it has since developed a direct-to-consumer brand offering a wide variety of products at competitive prices.
- It sells churidars, leggings, dhotis, harem pants, Patiala, palazzos, culottes, pants, trousers, jeggings, and more across a variety of categories, including ethnic wear, western wear, fusion wear, athleisure, denim, plus sizes, and girls’ wear. As of the 30th of September, 2021, it offered bottoms in more than 50 styles and 120 colors.
- Women’s bottom-wear is the fastest-growing subsegment of the apparel market, with a 2020 contribution of INR135,470 million and a projected increase to INR243,150 million (a CAGR of 12.35%) by 2025.
- Because the bottoms market hasn’t been very well organized in the past, consumers haven’t had many options for getting branded products with consistent quality. (Technopak Report is the source.)
- As of July 2021, GFIL is one of the women’s clothing stores in India that has one of the largest selections of bottoms in terms of colours and styles (Source: Technopak Report). The company’s bottom-wear products, which include churidars, leggings, dhotis, harem pants, patiala, palazzos, culottes, pants, trousers, and jeggings, are sold in many different categories, such as ethnic wear, western wear, fusion wear, athleisure, denim, plus sizes, and girls’ wear.
- This makes the company’s portfolio “universal” and suitable for any situation. As of September 30, 2021, it sold bottoms in more than 120 different colours and more than 50 different styles. GFIL makes products for women of all ages and shapes. Because of these things and the fact that there are no seasons, the portfolio is not likely to become outdated because of fashion trends.
Advantages in the market:
- One of the biggest brands of women’s bottoms in India
- Wide variety of products and the advantage of being the first to market
- Multi-channel retail presence across India
- Strong unit economics and a good way to run the business
- Large purchasing base and automated purchasing and supply chain
- Expertise in making and designing products in-house
- Strong track record with money
Company Financials
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 30-Jun-20 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 5,306.47 | 5,346.99 | 5,483.67 | 5,191.86 | 4,041.31 |
| Total Revenue | 402.92 | 207.44 | 2,822.52 | 3,968.39 | 2,909.79 |
| Profit After Tax | (189.96) | (85.98) | (35.39) | 526.34 | 309.41 |
Goals of the Debate
Paying for the opening of 120 new EBOs (Exclusive Brand Outlets), paying for working capital, and other general business needs.
Go Fashion IPO Details
| Subscription Dates | 17 – 22 November 2021 |
| Price Band | INR655 – 690 per share |
| Fresh issue | INR125 crore |
| Offer For Sale | 12,878,389 shares (INR843.53 – 888.61 crore) |
| Total IPO size | INR968.53 – 1,013.61 crore |
| Minimum bid (lot size) | 21 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Go Fashion Financial Performance (in INR crore)
| FY2019 | FY2020 | FY2021 | Q1 FY2022 | |
| Revenue | 291.0 | 396.8 | 282.3 | 40.3 |
| Expenses | 248.8 | 328.6 | 285.4 | 58.7 |
| Net income | 30.9 | 52.6 | (3.5) | (19.0) |
| Margin (%) | 10.6 | 13.3 | (1.2) | (47.1) |
Go Fashion Valuation (as of FY2021)
Earnings Per Share (EPS): (INR0.68)
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): (1.25%)
Net Asset Value (NAV): 54.21
GoColors IPO Lot Size
The GoColors IPO lot size is 21 shares. A retail-individual investor can apply for up to 13 lots (273 shares or ₹188,370).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,490 |
| Retail (Max) | 13 | 273 | ₹188,370 |
Go Fashion IPO GMP Daily Trend
| Date | Go Fashion IPO GMP | Kostak | Subject to Sauda |
| 29 Nov 2021 | INR450 (Few trades) | – | – |
| 27 Nov 2021 | INR430 (Few trades) | – | – |
| 26 Nov 2021 | INR400 (Few trades) | – | – |
| 25 Nov 2021 | INR425 | INR250 | INR5,700 |
| 24 Nov 2021 | INR400 | INR250 | INR5,500 |
| 23 Nov 2021 | INR350 | INR200 | INR4,500 |
| 22 Nov 2021 | INR400 | INR230 | INR5,000 |
| 20 Nov 2021 | INR450 | INR250 | INR5,500 |
| 19 Nov 2021 | INR480 | INR300 | INR6,000 |
| 18 Nov 2021 | INR550 | INR350 | INR7,000 |
| 17 Nov 2021 | INR400 | INR300 | INR5,000 |
| 16 Nov 2021 | INR250 | INR250 | INR2,600 |
| 15 Nov 2021 | INR300 | INR250 | INR2,000 |
Go Fashion IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 44,06,996 | 0.25 | 3.24 | 100.73 |
| NII | 22,03,497 | 0.44 | 2.30 | 262.08 |
| Retail | 14,68,998 | 12.14 | 24.64 | 49.40 |
| Employees | ||||
| Total | 80,79,491 | 2.46 | 6.87 | 135.40 |
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 17, 2021 |
| Closing Date | Nov 22, 2021 |
| Basis of Allotment | Nov 25, 2021 |
| Initiation of Refunds | Nov 26, 2021 |
| Credit of Shares to Demat | Nov 29, 2021 |
| Listing Date | Nov 30, 2021 |
Also, Visit Sigachi Industries IPO Review.
Go Fashion Offer Registrar
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Go Fashion Contact Details
Go Fashion India Limited
Sathak Center, 5th Floor,
New No. 4, Old No. 144/2,
Nungambakkam High Road,
Chennai, Tamil Nadu 600 034
Phone: +91 44 4211 1777
Email: companysecretary@gocolors.com
Website: www.gocolors.com
Go Fashion IPO Timetable
IPO Opening Date: 17 November 2021
IPO Closing Date: 22 November 2021
Finalisation of Basis of Allotment: 25 November 2021
Initiation of refunds: 26 November 2021
Transfer of shares to demat accounts: 29 November 2021
Listing Date: 30 November 2021
Opening Price on NSE: INR1,310 per share (up 89.86% from IPO price)
Closing Price on NSE: INR1,253.7 per share (up 81.70% from IPO price)
Go Fashion IPO FAQs
How many shares in Go Fashion IPO are reserved for HNIs and retail investors?
The QIB investor share is 75%, the NII share is 15%, and the retail share is 10%.
How to apply for Go Fashion Public Offer?
Using ASBA, an online banking platform is a preferred method of applying for the Go Fashion IPO (know all about ASBA here). Your stock broker may also accept UPI applications sent online. Fill out an offline IPO form and submit it to your broker if you prefer paper applications.
What is Go Fashion IPO GMP today?
The current GMP for the IPO of Go Fashion is INR450.
What is Go Fashion IPO kostak rate today?
There is now a NA kostak rate per application for the Go Fashion IPO.
What is Go Fashion Subject to Sauda rate today?
The current Go Fashion Sauda application fee is NA.
