 "Go Fashion IPO subscribed 6.9 times on Day-2 on heavy retail interest")
The initial public offering (IPO) of Go Fashion (India) was subscribed 6.9 times on Thursday. Retail investor portion was subscribed 25 times. The wealthy investor and institutional investor portion were subscribed 2.3 times and 3.24 times, respectively. The IPO comprises a fresh issue of equity shares aggregating up to Rs 125 crore and an offer-for-sale (OFS) of Rs 890 crore. The price band for the issue is Rs 655-690 per share. At the top end, the company will have a market cap of Rs 3,727 crore. The IPO closes on Monday.
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