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

Comments

Post a Comment

Popular posts from this blog

Wipro Share Returns In Last 40 years

Exxaro tiles IPO Vs Windlas Biotech IPO Vs Krsnaa Diagnostics IPO Vs Devyani International IPO: GMP: Subscription till 6th August

Post Office Investments for Small and Safe Investors In India

Paras Defence And Space Technologies Limited IPO Details, GMP, Allotment Status and Issue Price

What is Investment ?

Best Ways To Save Money

Pradhan Mantri Vaya Vandana Yojana