Business Standard

Go Fashion (India) Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,013.61 cr

Price Range (₹)

690

Lot Size

21

Min Investment (₹)

14,490.00

Listing Exchange

MumbaiNSE

Open Date

17-Nov-2021

Close Date

22-Nov-2021

Listing Date

30-Nov-2021

Go Fashion (India) Ltd News

    The Shares of Go Fashion (India) Ltd have now been listed.

    Go Fashion (India) Ltd IPO Details

    Initial public offering of 14,689,983* equity shares of face value of Rs. 10 each (Equity Shares) of Go Fashion (India) Limited (The Company or the Issuer) for cash at a price of Rs. 690 per equity share including a securities premium of Rs. 680 per equity share (The Offer Price) aggregating to Rs. 1013.61 crores (The Offer). The offer comprises of a fresh issue of 1,811,594* equity shares by the company aggregating to Rs. 125.00 crores (The Fresh Issue) and an offer for sale by PKS Family Trust of 745,676* equity shares aggregating to Rs. 51.45 crores, VKS Family Trust of 745,676* equity shares aggregating to Rs. 51.45 crores (collectively referred to as to the Promoter Selling Shareholders) and by Sequoia Capital India Investments IV of 7,498,875* equity shares aggregating to Rs. 517.42 crores, by India Advantage Fund S4 I of 3,311,478* equity shares aggregating to Rs. 228.49 crores and by Dynamic India Fund S4 US I of 576,684* equity shares aggregating to Rs. 39.79 crores (collectively referred to as Investor Selling Shareholders and together with the promoter selling shareholders, the Selling Shareholders) (The Offer for Sale). The offer shall constitute 27.20% of the post-offer paid-up equityshare capital of the company. *Subject to finalisation of the basis of allotment.The face value of the equity share is Rs. 10/-. The offer price is 69 times the face value of the equity shares.Bids can be made for a minimum of 21 equity shares and in multiples of 21 equity shares thereafter.

    Objective of issue

    Funding Roll out of 120 New EBOs. Funding Working Capital Requirements. General Corporate Purposes.

    Go Fashion (India) Ltd Contact Details

    Go Fashion (India) Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - companysecretary@gocolors.com

    Website - www.gocolors.co.in