Go Fashion Shares To Debut On Bourses On November 30

Published:Nov 29, 202307:35

Go Fashion Shares To Debut On Bourses On November 30

Go Fashion's shares will record on the bourses on November 30

Women's put on model Go Fashion's shares will debut on the inventory markets on Tuesday, November 30. The shares are more likely to record at 65 per cent to 70 per cent premium, based on gray market developments.They shall be listed on each the National (*30*) Exchange (NSE) and Bombay (*30*) Exchange (BSE).Go Fashion had lifted Rs 1,014 crore from the general public difficulty that was subscribed 135.46 occasions between November 17 to November 22.Non-institutional traders had put in bids 262.08 occasions the portion put aside for them and certified institutional traders' reserved portion was subscribed 100.73 occasions. Retail traders purchased shares 49.70 occasions the portion reserved for them.The IPO consisted of a recent difficulty of Rs 125 crore and an offer-for sale of Rs 888.61 crore by promoters and traders.The firm will use the online proceeds from recent difficulty for rolling out 120 unique model retailers, and assembly working capital necessities.In 2020-21, Go Fashion had recorded a lack of Rs 3.54 crore as towards a revenue of Rs 52.63 crore in earlier fiscal.It had reported a lack of Rs 18.99 crore within the quarter ended June 2021 as towards a lack of Rs 8.59 crore in the course of the corresponding interval of final yr.

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