Go Fashion IPO issue subscribed 10.96 times on Day 3

Go Fashion

The public issue of Go Fashion, which owns the brand Go Colors, had been subscribed 10.96 times by the morning of November 22, the third and final day of bidding. Investors put in bids for 8.85 crore equity shares against an offer size of 80.79 lakh units, as per the exchange data.

Retail investors have been active since day one of the bidding, buying shares 36.34 times their reserved portion, while the part set aside for non-institutional investors has been subscribed 9.19 times and that of qualified institutional buyers 3.39 times.

Go Fashion, which had a market share of around 8 percent in the branded women’s bottom-wear market in FY20, opened its Rs 1,013.61-crore public issue for subscription on November 17. The price band for the offer has been fixed at Rs 655-690 a share.

News Source:- Moneycontrol

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