Go Fashion Limited IPO (GoColors IPO) – Review & Detail

GoColors IPO

GoColors IPO is about to start on 17th November 2021 and close on 22nd November 2021. Go Fashion (India) Limited is one of the largest women’s bottom-wear brands in India. The company which is Incorporated in 2010, is occupied in the development, design, sourcing, marketing, and merchandising of a range of women’s bottom-wear products under the brand, ‘Go Colors’. 

GoColors IPO
GoColors

The company provides one of the broad portfolios of bottom-wear products among women’s garment retailers in terms of colors and styles. 

The company has 450 exclusive brand outlets (EBOs) that are spread across 23 states and union territories in India. The company’s distribution channels include large format stores (LFSs) including Reliance Retail Limited, Central, Unlimited, Globus Stores Private Limited, and Spencer’s Retail among others. 

Go Fashion Limited IPO (GoColors IPO) – Competitive strengths

Here are the competitive strengths of Go Fashion Limited IPO.

  • It is one of the largest women’s bottom-wear brands in India
  • It is wide, well-diversified, product portfolio and first-mover advantage
  • Multi-channel retail is present all over India
  • Strong unit economics with an efficient operating model
  • Extensive claiming base and automated claiming & supply chain
  • In-house expertise in developing and designing products
  • Strong financial performance record

GoColors IPO – Objectives of the Issue

Here are the Objectives of the issue.

  • Rolling out the funding for 120 new Brand Outlets
  • Funding working capital requirements
  • General corporate purposes

Go Fashion Limited IPO (GoColors IPO) – Company Financials

Here you can check the detailed Company financials of GoColors IPO.

30-Jun-2130-Jun-2031-Mar-2131-Mar-2031-Mar-19
Total Assets5,306.475,346.995,483.675,191.864,041.31
Total Revenue402.92207.442,822.523,968.392,909.79
Profit After Tax-189.96-85.98-35.39526.34309.41

Also Check: Upcoming IPOs List 2021

Go Fashion Limited IPO (GoColors IPO) Information

Go Fashion (India) Limited IPO is all about to start from 17th November 2021 and close on 22nd November 2021.

GoColors IPO – Dates & Details

Here you can check the dates & details of GoColors IPO.

IPO Opening DateNov 17, 2021
IPO Closing DateNov 22, 2021
Listing AtBSE, NSE
Issue TypeBook Built Issue IPO
Face ValueRs 10 per equity share
IPO PriceRs 655 to Rs 690 per equity share
Market Lot21 Shares
Min Order Quantity21 Shares
Issue SizeEq Shares of Rs 10(aggregating up to Rs 1,013.61 Cr)
Fresh IssueEq Shares of Rs 10(aggregating up to Rs 125.00 Cr)
Offer for Sale12,878,389 Eq Shares of Rs 10(aggregating up to Rs Cr)
IPO SizeApprox Rs 1014 Crores

GoColors IPO – Lot Size

Here is the detailed GoColors IPO lot size

LotsSharesAmount (Cut-off)
Minimum121Rs 14,490
Maximum13273Rs 188,370

GoColors IPO – Allotment Status

Here is the detailed IPO Allotment status

IPO Open DateNov 17, 2021
IPO Close DateNov 22, 2021
Basis of Allotment DateNov 25, 2021
Initiation of RefundsNov 26, 2021
Credit of Shares to Demat AccountNov 29, 2021
IPO Listing DateNov 30, 2021

GoColors IPO Registrar

KFintech Private Limited
Phone: 04067162222, 04079611000
Email: gofashion.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Company Contact Information

Go Fashion (India) Limited
Sathak Center, 5th Floor,
New No. 4, Old No. 144/2,
Nungambakkam High Road, Chennai, Tamil Nadu 600 03
Phone: +91 44 4211 1777
Email: companysecretary@gocolors.com
Website: https://www.gocolors.com/

investobull
Investobull.com is a one stop place for all Finance resources We write on Finance , Trading , Investments and Economics. Follow us on Twitter , facebook and Youtube