Opening Date	November 17, 2021
Closing Date	November 22, 2021
Face Value	₹10 per equity share
IPO Price Band	₹655 to ₹690 per equity share
Minimum Order Quantity	21
Issue Size	Rs 1013.16 Crs

 

The month of November has brought in a solid start, thanks to Nykaa’s stellar performance. Nykaa’s stock price rallied more than 90% on its listing day, which entrusted investors to invest in the queued IPOs such as Paytm, Sigachi Industries, Sapphire Foods India Ltd and more. Adding to this queue, is the latest IPO - Go Fashion Ltd, which is going public on November 17, 2021. So, let’s take a look at some of its basic yet important factors!

• About the Company -

Go Fashion is India’s largest women’s bottom wear brand. Incorporated in 2010, the company is engaged in developing, designing, sourcing and marketing a range of women's bottom-wear products under the brand, 'Go Colors'.  As of May 31, 2021, the company has 450 exclusive brand outlets (EBOs) that are spread across 23 states and union territories in India. The strengths of the company can be defined through - its well diversified product portfolio that gives it a first mover advantage, its strong unit economics with an efficient operating model, extensive procurement base and automated procurement & supply chain

• Go Fashion IPO details -

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Go Fashion Ltd IPO date and it’s share price.

• Go Fashion IPO date -

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from November 17, 2021 and will be available for subscription until November 22, 2021.

• Go Fashion IPO issue size -

The total issue size of the latest IPO of Go Fashion is stated to be  1,013.16  Crs. The fresh issue comprises Rs 125 crores and the offer for sale is expected to be Rs 888.16 Crs.

• Go Fashion IPO share price

The price band of the company’s upcoming IPO is declared to be ₹655 to ₹690 per equity share

• Go Fashion IPO listing

Since the IPO of Go Fashion is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

• Go Fashion IPO objectives

According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards funding the following objects

- Funding roll out of 120 new EBOs;

- Funding working capital requirements; and

- General corporate purposes

Conclusion

With Nykaa’s blockbuster opening performance, investors at present look very bullish on investing in IPOs. But, before you go and invest in IPOs, it is recommended to take a view of the experts, which you can get for free with an online Motilal Oswal Demat Account! Sign-up for an online DEMAT and Trading Account with Motilal Oswal, and get expert opinion on stock recommendations on the go!

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.