Public offering
Go Fashion (India) IPO opens on November 17, 2021

Go Fashion
IPO to open
on Nov 17

• Price band fixed at Rs 655 to Rs 690 per equity share of face value of Rs 10 each of Go Fashion (India) • Offer to remain open from Wednesday, November 17, 2021 to Monday, November 22, 2021 • Bids can be made for a minimum of 21 Equity Shares and in multiples of 21 Equity Shares thereafter

Go Fashion (India) IPO opens on November 17, 2021

Book T h e Building

The offer is being made through the Book Building Process

Thesynergyonline Corporate Bureau

NW DELHI, NOVEMBER 15 :

Go Fashion (India) ("Go Fashion" or the "Company"), a women's bottom-wear brand in India, with a market share of approximately 8 per cent in the branded women's bottom-wear market in fiscal 2020, plans to open its Initial Public Offering IPO) on November 17, 2021.

The Price Band of the Offer has been fixed at Rs 655 to ₹690 per Equity Share of face of Rs10 each. Bids can be made for a minimum of 21 Equity Shares and in multiples of 21 equity shares thereafter.

The offer is being made through the Book Building Process, in compliance with Regulation 6(2) of SEBI ICDR Regulations, wherein not less than 75 per cent of the offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"), provided that the Company and the Selling Shareholders may, in consultation with the BRLMs, allocate up to 60 per cent of the QIB Portion to Anchor Investors and the basis of such allocation will be on a discretionary basis by the company in consultation with the BRLMs (the "Anchor Investor Portion"), of which one-third shall be reserved for the domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors ("Anchor Investor Allocation Price"). .

Go Fashion (India) IPO opens on November 17, 2021
Further, 5 per cent of the
QIB Portion (excluding
the Anchor Investor Portion)
shall be available for
allocation on a proportionate
basis only to Mutual Funds
subject to valid
Bids being received at
or above the offer price, and the remainder
of the QIB Portion shall be
available for allocation on a proportionate
basis to all QIBs (other
than Anchor Investors)
including Mutual Funds,
subject
to valid
Bids being received at
or above the Offer Price.
Go Fashion (India) IPO opens on November 17, 2021

If at least 75 per cent of the Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith.

Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors ("Non-Institutional Category") and not more than 10% of the Offer shall be available for allocation to Retail Individual Investors ("Retail Category"), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount ("ASBA") process, and shall provide details of their respective bank account (including UPI ID for Retail Individual Investors using UPI Mechanism) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks ("SCSBs") or the Sponsor Bank. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.

The net proceeds from the Fresh Issue are proposed to be utilised for (i) Funding roll out of 120 new EBOs; (ii) Funding working capital requirements; and (iii) General corporate purposes.

The equity shares offered in this Offer are proposed to be listed at both BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE", together with BSE, the "Stock Exchanges") post the listing.

JM Financial Limited, DAM Capital Advisors Limited (Formerly IDFC Securities Limited) and ICICI Securities Limited^ are the Book Running Lead Managers to the Offer.

 

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