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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
