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Go Fashion gains 82% on debut after IPO is oversubscribed 135 times

Shares touch a high of Rs 1,341 over offer price of Rs 690 before settling at Rs 1,253

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BS Reporter Mumbai
Shares of Go Fashion (India) nearly doubled on their first day of trading on Tuesday, a sign that the IPO frenzy is still intact despite the Paytm setback and the bout of correction in the markets. The apparel retailer’s shares touched a high of Rs 1,341 compared its IPO price of Rs 690 per share. the stock settled at Rs 1,253 with a gain of 82 per cent over its issue price.

The strong listing follows a hugely successful IPO, where demand exceed supply by 135 times.

Go Fashion’s IPO comprised a fresh issue of equity shares aggregating up to

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First Published: Nov 30 2021 | 5:47 PM IST

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