Go Fashion IPO Subscribed 135.40 Times On Last Day Of Issue
NDTV
Against 80,79,491 shares on offer, bids were received for 1,09,39,93,929 stocks on the last day
The initial public offer (IPO) of Go Fashion, which owns women's wear brand Go Colors, was subscribed 135.40 times on Monday, which was the last day of its issue.
Against 80,79,491 shares on offer, bids were received for 1,09,39,93,929 stocks on the last day. Non institutional investors (NIIs) subscribed the issue 262.08 times, while qualified institutional buyers (QIBs) booked it 100.73 times.
The company had fixed a price band of Rs 655-690 per share for the issue. An investor could bid for a minimum of 21 equity shares and in multiples thereof.
The IPO comprised Rs 1,014-crore fresh issue of equity shares aggregating up to Rs 125 crore and an offer-for-sale of up to 12,878,389 equity shares by the promoter and existing shareholders, showed the draft red herring prospectus (DRHP) of the company.