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Go Fashion IPO GMP, Price, Review, and Allotment 2021

by Suraj Borade
December 20, 2022
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Go Fashion IPO
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Go Fashion IPO GMP, Price, Review, and Allotment 2021.

Go Fashion IPO

  • 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.

Go Fashion IPO

  • 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

Summary of financial Information (Restated Consolidated)
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

The IPO for GoColors starts on November 17, 2021, and ends on November 22, 2021. The bid date for the GoColors IPO is from November 17, 2021 at 10 a.m. to November 22, 2021 at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.

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 RegistrarGo Fashion IPO

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.

 

 

 

Tags: go colors ipo subscriptiongo fashion ipo allotment datego fashion ipo chittorgarhgo fashion ipo datego fashion ipo detailsgo fashion ipo gmpgo fashion ipo listing pricego fashion ipo lot sizeGo Fashion IPO Reviewipo
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