Go Fashion IPO Review 2021 – Grey Market Premium, Offer Price & Details!

Go Fashion IPO Review 2021: The IPO train seems to be never ending this year. Go Fashion will be the 9th company to go public just this month. The IPO will be open from November 17th and close on November 22nd. The company aims to raise Rs. 1013.47 Cr through the public offering.

In this article, we look into important information on the Go Fashion IPO Review 2021. This will help one to analyse the possible prospects of the company. Keep reading to find out!

Table of Contents

  1. About the Company 

  2. Key IPO Information

  3. Purpose of the IPO

  4. In Closing 

About the Company 

Go Colors | Go Fashion IPO Review 2021

Founded in 2010, Go Fashion (India) Ltd. is a women’s bottom-wear brand. Despite being founded just a decade ago the company today is one of the largest women’s bottom wear companies in India. The company has come a long way in a short period to acquire a market share of 8% in branded women’s bottom wear in India as of FY20.

Total Assets | Go Fashion IPO Review 2021

They operate under the brand ‘Go Colours’. As of May, 2021 the company offered 50 different styles in 120 colours. The company has three modes of distribution for their products. The first being their own stores. The company has 450 outlets across 23 states in India. The second being through its website and the online marketplace.

Profit after Tax | Go Fashion IPO Review 2021

In addition to this, the company also distributes its products at other retail giants stores. The company has 1,332 such outlets selling their products across the country. These retail giants include the likes of:

  1. Reliance Retail Limited

  2. Central

  3. Unlimited

  4. Spencer’s Retail

  5. Key IPO Information


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Key IPO Information

The promoters of the company are Prakash Kumar Saraogi, Gautam Saraogi, Rahul Saraogi, Pks Family Trust And Vks Family Trust. The company has appointed JM Financial, DAM Capital Advisors, and ICICI Securities as the book running lead managers to the issue. KFintech Pvt. Ltd. has been appointed as the registrar to the issue.  ParticularDetails IPO Size₹1,013.61 Cr Fresh Issue₹125.00 Cr Offer For Sale(OFS)₹ 888.61 Cr Opening DateNov 17, 2021 Closing DateNov 22, 2021 Face Value₹10 per equity share Price Band₹655 to ₹690 Lot Size21 Shares Minimum Lot Size1 Maximum Lot Size13 Listing DateNov 30, 2021

Purpose of the IPO

The proceeds from the IPO will be used for:

  1. Funding roll out of 120 new EBOs (Exclusive Brand Outlets);

  2. Funding working capital requirements; and

  3. Other General corporate purposes

In Closing 

In this post, we covered the Go Fashion IPO Review 2021. The Initial Public Offering opens on November 17th and closes on November 22th. For retail investors, it can be a good opportunity to look into the company’s future prospects and apply for the IPO if they believe in the products and growth prospects of the company.

Do let us know what you think of the Go Fashion IPO review 2021. Are you planning to apply for this IPO or not? Comment below. Cheers!

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