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Go Fashion IPO To Open On November 17

Go Style, operator of a girls’s put on model Go Colours will unveil its IPO on November 17

Go Style (India) Restricted, proprietor of girls’s put on model Go Colours will provide you with its preliminary public supply (IPO) on Wednesday, November 17.

For the Rs 1,014 crore public supply, the corporate has fastened a value band of Rs 655-690 a share.

The three-day IPO’s public subscription will shut on November 22. The cut-off date has been prolonged due to the market vacation on Friday (November 19) on the event of Guru Nanak Jayanti.

The IPO contains contemporary situation of fairness shares aggregating as much as Rs 125 crore and a suggestion on the market of as much as 12,878,389 fairness shares by promoter and present shareholders.

The corporate is engaged within the growth, design, sourcing, advertising and retailing a variety of girls’s bottom-wear merchandise beneath the model, ‘Go Colours’.

Via the supply on the market (OFS), shareholders and promoters together with PKS Household Belief and VKS Household Belief will let go of their stakes.

They may offload 7.45 lakh fairness shares every. The opposite entities promoting their shares embrace traders Sequoia Capital India Investments IV (74.98 lakh shares), India Benefit Fund S4 I (33.11 lakh shares) and Dynamic India Fund S4 US I (5.76 lakh shares).

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