Go Fashion IPO Allotment Status, Linkintime, BSEIndia, Allotment date

Go Fashion IPO GMP Today

Go Fashion IPO: Today is the last day of IPO of the women’s clothing company Go Fashion. The company’s issue has been subscribed 6.87 times in the past two days. The company launched an expense of Rs 1013.61 crore. Its issue price is Rs 655-690. While trading its unlisted shares at a premium of Rs 470 in the gray market.

go fashion ipo gmp
Go Fashion IPO GMP

Go Fashion Allotment Today

According to IPO Experts, in terms of valuation, the company’s EV / EBITDA for FY 2020 after issue is -30.2X. It is on par with the company’s rival company TCNS Clothing. Go Fashion has a good record of revenue growth. Higher operating margin and higher return on equity (ROE) are also similar to TCN Clothing.

the valuation of the company is at a reasonable level and based on this, the brokerage firm advised to invest in its IPO. However, market experts have warned investors not to invest solely on the basis of gray market premiums. It is important to understand the financial position of the company before investing.

Go Fashion Share Price Today

According to the current GMP, Go Fashion shares can be listed at Rs 1160 (690 + 470). This is 70% more than the top price band of the company.

Price Range of Go Fashion Share price655 – 690 Rupees

As Guided by market experts, the gray market premium (GMP) of Go Fashion’s IPO on Monday is Rs 470, which is Rs 30 less than the previous day. Market experts say that the decline in the company’s GMP is according to estimates. For the past one week, the GMP of Go Fashion IPO has hovered around Rs.500. Market experts say the strong sentiment of investors is manifested by the strength of gray market premium. In such a situation it is expected that it will also have an effect on the subscription.

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Go Fashion Lot Size

  • Minimum Lot Size – 21
  • IPO Size – 1014 Crores

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Go Fashion IPO Allotment 2021

According to Market Experts“Gray market premium listing is not a guarantee of profit. That is why one has to look at the financial position of the company. ” He said: “In the Rs 1013.61 crore IPO there is only a new issue of Rs 125 crore. Also the valuation of the issue is high. Some momentum can be expected in the issue due to the recent buzz in the textile sector., bidders are advised to look very closely at the balance sheet of the company instead of relying on GMP. “

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Go Fashion IPO: All you need to know

Founded in 2010, Go Fashion is a brand of women’s lingerie in India that not only designs its products but also sells retail. In fact, the company claims that it is one of the few clothing companies in India that has identified the market opportunity in women’s underwear and acted as a ‘category creator’ for underwear. Its products are sold under the brand name ‘Go Colors’.

go fashion ipo

This tailor and retailer is now launching its public edition. Here’s everything you need to know about this IPO

Provide details

  • IPO size: ₹ 1,014 crore
  • New edition: ₹ 125 crore
  • Offer for sale: ₹ 889 crore
  • Price band: ₹ 655- ₹ 690 per share

IPO Timeline

  • Start date: 17 Nov 2021
  • End date: 22 Nov 2021
  • Provisional grant date: 25 Nov 2021
  • Provisional repayment credit: 26 Nov 2021
  • Provisional share credit in Demat: 29 Nov 2021
  • Expected listing date: 30 Nov 2021

Registrar Information (RTA)

  • Registrar Name – KFin Technologies Private Limited
  • Contact – Gayathri Venkatesan
  • Contact number – +91 44 4211 1777

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Key highlights of Go Fashion IPO

  • Go Fashion, under its ‘Go Colors’ brand, was the first company to launch a brand dedicated exclusively to the category of women’s underwear.
  • It had about 8% market share in the branded women’s underwear market as on FY20.
  • The company has a universal portfolio with more than 50 styles of underwear in more than 120 colors. Go Colors has a network of 450+ exclusive brand outlets (EBOs) in 23 states and union areas in India. It also sells through 1,270 large-format retail stores including Reliance Retail, Globus Stores and Spencer’s Retail, among others.
  • The company has procurement and manufacturing network of 120 suppliers and workers across India.
  • Indian women’s clothing market was worth R1.6 lakh crore in 2020 and is expected to grow at a CAGR of 9.2% by 2025.
  • Furthermore, the share of organized retail is expected to rise from 27% in 2020 to 42% in 2025, indicating greater opportunities for organized players such as Go Fashion.

Go Fashion Financial Information

Here is the revenue and profit that Go Fashion (India) has earned for the past three years:

go fashion financial information
go fashion financial information

The company’s performance in FY21 was affected by the pandemic.

Go Fashion Strengths

  • Among its competitors, Go Fashions has one of the highest number of SKUs in the category of women’s underwear at 728 units and thus offers the largest selection to its customers.
  • Its brand is present in retail formats, viz. exclusive brand outlets, large store formats, multi-brand outlets and even online.
  • It had one of the fastest deployments of EBO compared to its competitors. Its store count has risen from 70 outlets in 2015 to 450 outlets in 2021, indicating aggressive deployment and wider outreach.
  • The average selling price of Go Colors of about ₹ 600 per piece helps to cater across revenue segments and penetrate deeper into Level 3 and 4 towns.
  • The company has implemented end-to-end automation for inventory industry. It has the company to avoid stock and ensure adequate stock at our stores. Furthermore, the lack of seasonality in the company’s products helps it to overcome the risks of changing fashion trends.
  • Demonstrated strong record of financial performance. In the FY20, the company’s ROCE was the highest among all major retail-led women’s clothing brands in India

Risks Related to Go Fashion IPO GMP

  • The company relies on a single brand and product strategy.
  • The ongoing impact of the pandemic is one of the risks for the company. Go Fashion (India) had to temporarily and permanently close many of its Go Color stores and kiosks in various locations.
  • The inability to expand or manage his network. For example, current locations of its exclusive brand outlets may become unattractive, and suitable new locations may not be available at a reasonable price.
  • Its six trademarks are still pending for registration and a lack of protection could mean third-party infringement.
  • Fashion trends are changing fast. A sudden deviation in consumer preferences can make the business redundant.
  • Go Fashion does not own any manufacturing facilities and is dependent on suppliers and workers to manufacture its products, the majority of which are located in Tamil Nadu. Any disruption in their work can affect the output of the business.
  • Rapid growth of online retailers could affect the company’s business, which is largely EBO-dependent, as well as its price advantage.

Go Fashion IPO GMP Opportunities

  • While the overall market for women’s underage is expected to grow by around 12%, organized market is expected to grow at a faster cut of 24% CAGR between 2020 and 2025.
  • The size of the organized market for lingerie for women is expected to reach ₹ 9,200 crore by 2025
  • Using its own online platform and e-commerce channels can help the company grow its customer base further.
How to check your go fashion ipo subscription status ?

Go Fashion award status will be available on or around November 25, 2021. The allotted shares will be credited to the demat account by November 29, 2021. We will provide you with the link to check the status of the award as soon as the registrar makes it live. This can happen after the IPO is closed (after 23 November 2021).

How to apply for go fashion ipo ?

Visit any of listed vendor (upstox, zerodha etc) app
Select the IPO you want to apply for from the list of open issues.
The quantity should be a multiple of the lot size.
and submit your form

Official PortalClick here
Gunotsav HomeClick here

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