Go Fashion (Go Colors) IPO Price, GMP, Review, Allotment Status

Go Fashion

Go Fashion (Go Colors) IPO Details:

When is Go Fashion (Go Colors) IPO Launching?

Go Fashion IPO (Initial Public Offering) will open for subscription on 17th November 2021 and it will stay open for bidding till 22nd November 2021.

Go Fashion (Go Colors) IPO Tentative Timetable

The GoColors IPO open date is Nov 17, 2021, and the closing date is Nov 22, 2021. The issue might list on Nov 30, 2021.

IPO Open Date Nov 17, 2021
IPO Close Date Nov 22, 2021
Basis of Allotment Date Nov 25, 2021
Initiation of Refunds Nov 26, 2021
Credit of Shares to Demat Account Nov 29, 2021
IPO Listing Date Nov 30, 2021


Go Fashion (Go Colors) IPO Lot Size

The GoColors IPO market lot size is 21 shares. A retail-individual investor can apply for up to 13 lots (273 shares or 188,370).

Application Lots Shares Amount (Cut-off)
Minimum 1 21 ₹14,490
Maximum 13 273 ₹188,370


Go Fashion (Go Colors) IPO Share Price

Go Fashion (India) Ltd, which possesses ladies’ wear brand Go Colors, on Friday said it has fixed a price band of Rs.655-690 a share for its Rs.1,014 crores initial public offering (IPO).

Go Fashion (Go Colors) IPO Promoter Holding

Prakash Kumar Saraogi, Gautam Saraogi, Rahul Saraogi, Pks Family Trust, And Vks Family Trust are the company promoters.

Pre Issue Share Holding 57.47%
Post Issue Share Holding 52.78%


Go Fashion (Go Colors) IPO Board of Directors


GoColors IPO Lead Manager(s)

  1. DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
  2. ICICI Securities Limited
  3. JM Financial Consultants Private Limited

Go Fashion (Go Colors) IPO Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Jun-21 30-Jun-20 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 5,306.47 5,346.99 5,483.67 5,191.86 4,041.31
Total Revenue 402.92 207.44 2,822.52 3,968.39 2,909.79
Profit After Tax (189.96) (85.98) (35.39) 526.34 309.41


About Go Fashion (Go Colors) IPO Limited

Consolidated in 2010, Go Fashion (India) Limited is probably the biggest ladies bottom-wear brand in India. The company is occupied with the development, design, sourcing, marketing, and retailing of a range of ladies’ bottom-wear products under the brand, ‘Go Colors’. The company offers probably the widest arrangement of bottom-wear products among ladies’ attire retailers as far as colors and styles. As of May 31, 2021, Go Colors sold bottom-wear in more than 50 styles in excess of 120 colors.

As of May 31, 2021, the company has 450 exclusive brand outlets (EBOs) that are spread across 23 states and union territories in India. The company’s distribution channels incorporate large format stores (LFSs) including Reliance Retail Limited, Central, Unlimited, Globus Stores Private Limited, and Spencer’s Retail among others. The company’s LFSs have developed from 925 LFSs in 2019 to 1,332 LFSs in May 2021. The company likewise sells its products through its website, online marketplaces, and multi-brand outlets (MBOs).

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/

GoColors IPO Registrar

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

Go Fashion (Go Colors) IPO (GMP) Grey Market Premium

As Go Fashion IPO GMP today is Rs.430, it essentially implies that Grey market expects that Go Fashion shares would list at around Rs.1120 ( 690 + 430), which is around 60 percent higher from its value band of Rs.655 to Rs.690 per equity level.

How to Apply for Go Fashion (India) Limited IPO

You can apply in GoColors IPO online utilizing either UPI or ASBA as a payment method. ASBA IPO application is accessible in the net banking of your bank account. UPI IPO application is presented by brokers who don’t offer banking services. Peruse more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Go Fashion (Go Colors) IPO Review:

Financial looks impressive but the value of the stock is listing a bit high.

More Details: Financial Solving


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