 "Go Fashion IPO subscribed 2.5 times on Day-1 on strong retail interest")
The initial public offering (IPO) of Go Fashion (India) was subscribed 2.5 times on Wednesday, the first day of the issue. The retail portion was subscribed by as much as 12.14 times. The wealthy investor and institutional investor portion were subscribed 44 per cent and 25 per cent, respectively. On Tuesday, the company allotted shares worth Rs 455 crore to anchor investors. The company allotted 6.6 million shares at Rs 690 apiece. Government of Singapore, Abu Dhabi Investment Trust, Nomura, SBI MF and Axis MF were some institutional investors given allotment in the anchor category. The IPO consists of a fresh issue of equity shares aggregating up to Rs 125 crore and an offer-for-sale (OFS) of Rs 890 crore. The IPO closes on Friday.
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