Go Fashion (Go Colors) Limited IPO Details, GMP and Subscription

Go Fashion IPO GMP

Details of the Go Fashion India Limited IPO - GoColors IPO:

  1. Issue Amount: ₹1,014 Cr
  2. Face Value : ₹10 per share
  3. Price Band : ₹655 to ₹690
  4. Lot Size : 21 shares
  5. Issue break-up% : QIB: 75% NIB: 15% Retail: 10%

Important dates for Go Fashion (India) Limited IPO - GoColors IPO:

  1. IPO Open: Wednesday, November 17, 2021
  2. IPO Close: Monday, November 22, 2021
  3. Finalization of basis of allotment: 25th November 2021
  4. Refunds/Unblocking ASBA fund: 26th November 2021
  5. Credit of equity shares to DP account: 29th November 2021
  6. Trading commences: 30th November 2021

Grey Market Premium of Go Fashion (India) Limited IPO - GoColors IPO:

In the following data we can see how the Grey Market Premium of Go Fashion (India) Limited IPO - GoColors IPO varied in last few days
  • 23rd Nov - Rs. 350 (50% to Issue Price of Rs. 690)
  • 22nd Nov - Rs. 460 (66% to Issue Price of Rs. 690)
  • 21st Nov - Rs. 500 (73% to Issue Price of Rs. 690)
  • 20th Nov - Rs. 500 (73% to Issue Price of Rs. 690)
  • 19th Nov - Rs. 500 (73% to Issue Price of Rs. 690)
  • 18th Nov - Rs. 570 (83% to Issue Price of Rs. 690)
  • 17th Nov - Rs. 555 (80% to Issue Price of Rs. 690)
  • 16th Nov - Rs. 350
  • 15th Nov - Rs. 350
  • 11th Nov - Rs. 350

Go Fashion (India) Limited IPO - GoColors IPO Subscription on 18th November 2021:

Go Fashion (India) Limited IPO - GoColors IPO is subscribed 135.46 times on 22nd November 2021 19:00 pm
  • Qualified Institutional Buyers (QIB) - 100.73 times Subscribed
  • Retail Individual Investors (RII) - 49.70 times Subscribed
  • Non Institutional investors (NII) - 262.08 times Subscribed

Go Fashion (India) Limited Company background:

Go Fashion (India) Ltd (GFIL) is a women’s bottom-wear brand in India, with a market share of ~8% in the branded women’s bottom-wear market in FY20. GFIL is engaged in the development, design, sourcing, marketing and retailing of women’s bottom-wear products under the brand, ‘Go Colors’. Incorporated in 2010, GFIL is the first company to launch a brand exclusively dedicated to the women’s bottom-wear category. They have a pan India network of 459 Exclusive Brand Outlets (EBO) in the country, with significant number of stores in Southern and Western India
  • The women’s bottom-wear market in India accounted for 8.3% of the women’s apparel market and stood at ₹13,547cr in FY20 and is expected to grow at a CAGR of 12.3% to reach ₹24,315cr by FY25.
  • GFIL sells the products through exclusive brand outlets (EBO) including franchise stores, large format stores (LFS), multi-brand outlets (MBO), and online channels such as online retailers and their websites.
  • Sales of products through EBOs LFSs, franchisees, MBOs and online retailers, represented 69%, 22%, 1.3%, 2.8% and 4.7% respectively, of the total revenue from operations in FY21. 
  • For FY21, the revenue of GFIL stood at ₹250.7cr against ₹392cr a year ago. Net loss for FY21 stood at ₹3.5cr versus a profit of ₹52.6cr in FY20, primarily on account of the impact of COVID-19 on the operations and on account of the adoption of Ind AS 116.
  • The company was able to maintain attractive gross margins of 59% for FY19-21 period. Avg. EBITDA margin is at ~26% due to tight operational control.

Strengths Of the Go Fashion (India) Limited IPO - GoColors IPO:

Go Fashion (Go Colors) Limited IPO

Risks Associated with Go Fashion (India) Limited IPO - GoColors IPO:

Go Fashion (Go Colors) Limited IPO

Financial Details of Go Fashion (India) Limited IPO - GoColors IPO:

Go Fashion (Go Colors) Limited IPO

Purpose of Tarsons Products Limited IPO:

  • The Offer comprises of the fresh issue by the company and an offer for sale by the selling shareholders. 
  • They propose to utilize the net proceeds towards funding for the roll-out of 120 new EBOs (₹33.7cr), funding working capital requirements (₹61.4cr) and general corporate purposes.
Disclaimer : This article is for educational purpose only and does not provide any buy or sell recommendation

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