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News Details

12/11/2021 11:20

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Go Fashion (India) announces launch of initial public offering

Go Fashion (India) Ltd. has announced public offering of 2557271 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 680.00 per share. The gross proceeds of the issue are expected to be Rs 17,645.17 lakhs.

The company's initial public offer (IPO) will open on 17 November 2021 and is expected to close on 22 November 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 655.00-690.00 per share.

The IPO includes a fresh Issue of 2557271 Equity Shares of the Company at an price of Rs 690.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 21 shares with bids in multiples of 21.

Go Fashion (India) Ltd. anticipates using the proceeds of the issue for Funding roll out of new EBOs Funding working capital requirements General corporate purposes.

JM Financial Ltd.,ICICI Securities Limited,DAM Capital Advisors Limited as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.