The allotment status for Go Fashion’s initial public offering (IPO) will be announced today, November 25.
Go Fashion is one of the largest women’s bottom-wear brands in India that sells under the brand name Go Colors. The company has received an overwhelming response from retail investors and the issue was oversubscribed by 135 times.
The grey market premium (GMP) — price at which the shares are being traded in the grey market — of Go Fashion’s shares had been falling since the last couple of days. The GMP, however, picked up on November 25 to ₹425 from ₹350 a day before.
Analysts are bullish on the prospects for Go Fashion and its future expansion plans. Stock brokerage firms had recommended a subscribe rating on the stock.
“It has acted as a “category creator” for bottom-wear and has leveraged its first mover advantage to create a direct-to-consumer brand with a diversified and differentiated range of premium products at competitive prices, from ₹225 to ₹1,599,” Anand Rathi, in a report, said.
The IPO of the firm opened on November 17 and closed on November 22, at a price range of ₹655-₹690 per share. The lot size was 21 shares, costing ₹14,490.
Go Fashion intended to raise ₹1,013.6 crore with this IPO.
Here is how to check Go Fashion’s IPO allotment status on stock exchange website:
On BSE, Select ‘Equity’ and then from the dropdown, select ‘Go Fashion’.
You can also visit the registrar website (Link Intime India) to check your application status.
Once you hit ‘submit’, the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.
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