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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

markets, stock market, brokers, brokerages, sensex, correction, nifty, shares, growth, profit, economy, gain

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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