On the first day of publication, the Go Fashion IPO was subscribed 2.46 times

Go Fashion IPO: Individual private investors showed maximum interest. As their portion was recorded at 12.14 times the highest between the 3 groups of investors.

According to exchange subscription data, go Fashion’s initial public offering (IPO) was record 2.46 times on the first day of publication. The IPO of the leading womenswear brand opens for subscriptions today, November 17th, and will end on November 22nd.

Go Fashion’s initial public offering includes a total share reissue of 125 rupees and an OFS offering of up to 12,878,389 shares from existing shareholders and shareholders.

Individual private investors showed the most significant interest on Wednesday. As the share reserve for them was recorded at 12.14 times the highest among the three groups of investors. The percentage reserved for institutional buyers or corresponding QIBs was 0.25 times. While the share reserved for non-institutional investors was 0.44 times.

Go Fashion IPO plans to raise 1,014 rupees through a public offering. And has set the issue price in the range of 655 to 690 per share. Retail investors can bid at least one lot of 21 shares up to a maximum of 13 lots. Many of Go Fashion’s claims went public for 14,490 in the price above bracket.

Leading issue managers are JM Financial, DAM Capital Advisors (formerly IDFC Securities), and ICICI Securities.

The company is engage in the development, supply, design, marketing. And retail sale of various women’s underwear products under the Go Colors brand. It also offers one of the best comprehensive portfolios of women’s underwear products among womenswear retailers in terms of color and style.

Distribution channels include large format stores such as Reliance Retail, Central, Unlimited, Globus Stores, and Spencer’s Retail. The company also sells its products free websites, online marketplaces, and retail stores with various brands.