Go Fashion IPO price band fixed at Rs 655



Go Fashion IPO price band fixed at Rs 655 - Rs 690/share, to raise Rs 1,013.6 crore


© Shweta Mungre
Go Trend IPO worth band mounted at Rs 655 – Rs 690/share, to boost Rs 1,013.6 crore

Go Trend, a ladies’s bottom-wear model, has mounted a worth band at Rs 655-690 per share for its preliminary public providing on November 12. The provide will open on November 17 and can proceed until November 22, as there can be a vacation on November 19.

The corporate goals to garner Rs 1,013.6 crore by its public problem that consists of a contemporary problem of Rs 125 crore and a suggestion on the market of Rs 888.6 crore by promoting shareholders together with promoters – PKS Household Belief, & VKS Household Belief.

Additionally buyers Sequoia Capital India Investments IV, India Benefit Fund S4 I, and Dynamic India Fund S4 US I are a part of promoting shareholders.

The bid lot dimension has been mounted at 21 fairness shares and in multiples of 21 shares thereafter. Retail buyers can make investments a minimal of Rs 14,490 per lot and the utmost funding by them can be Rs 1,88,370 for 13 tons. They’re allowed to take a position as much as Rs 2 lakh within the IPO.

The 75 % of the provide dimension has been reserved for certified institutional patrons, 15 % for non-institutional buyers, and the remaining 10 % is on the market for allocation to retail buyers.

Click on Right here for Stay Updates on Latent View Analytics IPO Subscription

The web proceeds from contemporary problem can be utilised for funding roll out of 120 new EBOs (unique model outlet); and funding working capital necessities, in addition to basic company functions.

Go Trend is engaged within the growth, design, sourcing, advertising and retailing a spread of girls’s bottom-wear merchandise below the model, ‘Go Colours’, with a market share of roughly 8 % within the branded ladies’s bottom-wear market in FY20.

The ladies’s attire market is estimated to be roughly 36 % of the whole attire market whereas the ladies’s bottom-wear market contributed 8.3 % of girls’s attire market in FY20, as per Technopak.

JM Monetary, DAM Capital Advisors, and ICICI Securities are e-book operating lead managers to the problem.

Previous post Caesars Entertainment Unveils Reimagined Team Member Wellness Center Operated by Premise Health on the Las Vegas Strip
Next post Justin Bieber’s funky Yeezy boots, plus more fashion hits and misses from November 2021