Go Fashion (India) Ltd. IPO

Go Fashion (India) Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹690

Issue Price

Listing Price

₹1,316

Listing Price

Listing Gains

+₹626.00 (+90.72%)

Listing Gains

IPO Details

Bidding Dates

17 Nov - 22 Nov '21

Bidding Dates

Min. Investment

₹13,755

Min. Investment

Lot Size

21.00

Lot Size

Price Range

₹655 - ₹690

Price Range

Issue Size

969 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - Go Fashion (India) Ltd. IPO

  • Retail Individual Investor
    49.70x
  • Non-Institutional Investor
    262.08x
  • Qualified Institutional Buyers
    100.73x
  • Employees
    NA


About Go Fashion (India) Ltd. IPO

Go Fashion (India) Limited, previously known as Go Fashion (India) Private Limited, is an apparel brand incorporated in 2010. They are known to the category creator specializing in women’s bottom wear apparel.

They have fixed their price band of IPO between INR 655 and INR 690 per share. PKS Family & VKS Family Trust each currently hold a 28.74% stake in the company, Sequoia Capital has a 28.73% stake, India Advantage Fund has 12.69%, and Dynamic India Fund 1.1%.

Why should you invest in Go Fashion (India) Ltd. IPO?

According to research by Technopak, the women's apparel market in India is estimated to be approximately 36% of the total apparel market at INR 1,63,291 crores. Go Fashion had an 8 percent market share in the branded women’s bottom wear apparel market in FY20. 

According to Technopak Report, they are the first to launch a brand exclusively dedicated to women’s bottom wear in the country, which is also mentioned in their draft offer document. 

The women’s apparel market is expected to grow from INR 1,63,291 crore in FY2020 to INR 2,53,733 crore by the fiscal year 2025. 

So, we can consider that the GO Fashion IPO is largely for investors who look for long-term gains.

 

 

Financial Snapshot

  • Particulars
    For the year/period ended ( Crores)
  • March 2021
    March 2020
    March 2019
  • Total Assets
    548.37
    519.19
    404.13
  • Total Revenue
    282.25
    396.84
    290.98
  • Profit After Tax
    (3.54)
    52.63
    30.94


SWOT Analysis - Go Fashion (India) Ltd. IPO

Strengths- Design innovation and in-house research team. This might help them create products that work according to the market’s trend at the time. 

Weakness- The company’s finances took a hit during the pandemic. Future losses can adversely affect the growth that is expected. Since most of the processes are internal, if quality assurance takes a hit, it could affect the company.

Opportunities- With the opening of 120 new EBOs that they plan to do with the funds from the IPO, they would be able to cater to the growing need. One can also look at the general trend with the need for clothes for the sake of fashion coming in more than just the need for need-based clothing.

Threats- The country is coming out of a lockdown situation. Any other future situations like this can be a problem to the retail operations. A strong strategy is required to overcome this situation.

Noteworthy Highlights or Competitive Strengths

  • Category Creator for the women’s bottom wears category.
  • In-house design and research team



How to apply for Go Fashion (India) Ltd. IPO?

You can apply for the Go Fashion (India) Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Go Fashion (India) Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.

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