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Go Fashion IPO GMP: Let’s Talk About It
Hey there, let’s look at the Go Fashion India Ltd. IPO from 2021. It’s also called Go Colors. Do you recall the excitement? The IPO was open for people to buy shares from November 17 to November 22, 2021. Many people were talking about it then. The IPO offered new shares from the company. It also let some people who already owned shares sell them. Each share costs between ₹655 and ₹690. It was a big day when it was listed on the stock markets. It went on the NSE and BSE on November 30, 2021.
Here is a quick look at the main points of that Go Fashion IPO. This could help you recall the specifics.
| IPO Details | Value |
| Issue Size | ₹1013.61 crore |
| Price Band | ₹655 – ₹690 |
| Listing Date | November 30, 2021 |
| Face Value | ₹10 per share |
| Lot Size | 21 shares |
| Grey Market Premium | ₹495 (at listing) |
The Grey Market Premium number came out before listing. That figure was encouraging for the IPO. We will talk more about what that number meant. I tracked the Go Fashion IPO GMP. It was a key part of watching the market back then for me and many others.
Go Fashion IPO: Initial Public Offering
So, the Go Fashion India Ltd. IPO happened. It was a big step for the company. It was also big news for the market. The company wanted to get money. They also wanted people to own a piece of their business. I remember the dates well. It started on November 17, 2021. It finished taking bids on November 22, 2021. The company sold new shares. Some people who already owned shares sold theirs too. This happens often in IPOs.
The price for each share was set. It was between ₹655 and ₹690. The company decides on this price range. To determine the pricing, they consider a number of factors. People wanting to buy had to think about this price. You had to apply for at least 21 shares. This was the smallest number of shares you could ask for.
Then, the shares went to the stock markets. The National Stock Exchange (NSE) listed them. They were also listed on the Bombay Stock Exchange (BSE). This happened on November 30, 2021. After this, anyone could buy or sell the shares. This was a big step for Go Fashion.
Understanding Grey Market Premium (GMP)
Okay, let’s talk about the grey market premium. We call it GMP for short. If you followed the Go Fashion IPO GMP, you saw this number. It is the price for shares in a market you cannot see This takes place prior to the shares being listed on the primary market. Think of it as an early guess. It shows what people might pay for the shares. It is not an official price. But people watch it closely.
There is excellent news if the GMP is positive. This means people think the price will go up when it lists. The Go Fashion IPO GMP was a plus number. A big plus number often means the share price might jump on listing day. If the GMP is a minus number, it means people think the price might fall.
For the Go Fashion IPO, I saw the GMP price change every day. The last GMP I saw near listing was ₹495. For me, watching this number helped me see how excited the market was. It gave a hint about how the listing day might go.
Factors Affecting Go Fashion IPO GMP
It was necessary to consider the factors that led to the price fluctuation while watching the Go Fashion IPO GMP. A few main things seemed to push the number. It wasn’t just one reason. How the whole stock market was doing mattered a lot. If the market was strong, it made people more hopeful about new IPOs. This could make the GMP go up.
How many people wanted to buy shares was also a key thing. The demand increased as more people applied.. This demand usually showed up in the GMP number. We will look at the application numbers next. You’ll notice how much demand there was for this first public offering.
Also, the company itself played a part. How well Go Fashion was doing, their plans, and the fashion market all made a difference. News about the economy could also change things. All these parts worked together.
Go Fashion IPO Subscription Details
It was very exciting to watch how many people applied for the Go Fashion IPO. I remember seeing the numbers rise each day. When the time to apply ended, so many people had applied! The total number of shares people wanted was 135.46 times more than the shares offered. This is called oversubscription.
This very high number showed strong interest from buyers. It meant many people wanted to own a piece of Go Fashion. It was an obvious indication of strong demand.
Here is a simple look at how different types of buyers applied. I always find this part interesting to check:
| Investor Category | Subscription (Times) |
| Qualified Institutional Buyers (QIBs) | 100.73 |
| Non-Institutional Investors (NIIs) | 262.08 |
| Retail Individual Investors (RIIs) | 49.70 |
| Total | 135.46 |
The positive Go Fashion IPO GMP made sense when these high numbers were seen. It showed that many different kinds of investors were very interested.
Allotment and Listing Performance
After the IPO closed, everyone who wanted shares waited to see if they got them. This is called allotment. The final list was ready on November 25, 2021. If you got shares, they were put in your online account on November 29, 2021. The big day came when the shares started trading. This was the listing day, November 30, 2021.
I remember the listing day well. People were waiting to see the price. This came about as a result of the Go Fashion IPO’s high GMP. Also, many people had applied. The listing was very good! Shares started trading at ₹1,310 on the NSE. This was much higher than the IPO price of ₹690. It was almost twice the price, a gain of nearly 90%.
This high starting price showed the high demand from before. It also showed that the market expected the stock to do well. The high GMP had pointed to this. It was a great start for Go Fashion on the stock market.
Company Overview: Go Fashion (India) Limited
Let’s learn about the company itself: Go Fashion (India) Limited. They started their business in 2010. They are a big name for women’s bottom wear in India. Their brand is called ‘Go Colors.’ You might have seen their stores. They have a large selection of women’s pants and leggings.
They offer a wide choice of items. Back in May 2021, they had over 50 styles of bottom wear. They also had more than 120 colors! This means they have something for many tastes and needs.
They sell their products in many ways across India. They have their own stores, which are called EBOs. You can find them in big shopping centers too. They also sell online on their website and other shopping sites. This helps them reach many customers.
Financial Performance of Go Fashion
Looking at a company’s money numbers helps you understand how it is doing. This is important for a company like Go Fashion before its IPO. Like many businesses, the pandemic made things hard for them for a while.
Here are their money numbers from the years before and just after the IPO:
| Financial Year | Revenue (₹ Crores) | Net Profit (₹ Crores) |
| March 2020 | 392.01 | 52.63 |
| March 2021 | 250.67 | -3.54 |
| March 2022 | 401.31 | 35.60 |
You can see that the money they made went down in March 2021. Many stores had a hard time then. But they made a good comeback in March 2022. This was after the IPO. Looking at these numbers helps show the company is strong. It shows they can grow even after tough times.
Objectives of the IPO
Companies do an IPO for clear reasons. They have goals for the money they get. Go Fashion had plans for the money from this IPO. They did not just want the money with no plan. A main goal was to open many new stores. Their goal was to open 120 new EBOs, or Exclusive Brand Outlets. Opening more stores helps them sell more products to more people.
They also needed money for their daily business costs. This is called working capital. A retail business needs money to buy products and pay for things day-to-day. Having enough money for this is very important.
Some money was also for general company needs. This gives the company freedom to use the money where it is needed most. Knowing these goals helps you see why Go Fashion did the IPO.
Multi-Channel Distribution Network
How Go Fashion sells its products is a big strength. It’s something I look at when I study retail companies. They sell their ‘Go Colors’ products in many ways. They don’t just sell in one place. This helps many people find their clothes all over India.
They have over 450 of their own stores. We call these Exclusive Brand Outlets (EBOs). These stores sell only Go Fashion products.These shops are located throughout India. They are in 23 states and union areas. That’s a lot of places!
You can also find their products in big stores that sell many brands. And you can buy their products online. They have their own website. They also sell on big online shopping sites. This mix of ways to sell is smart. It helps them reach more shoppers.
Strengths of Go Fashion
When I looked at Go Fashion’s business for the IPO, I saw many good points. One big strength is their products. They have so many styles and colors of bottom wear for women. This helps them stand out. They can offer clothes that many different people want.
Their brand name, ‘Go Colors’, is well-known. People know this name. Having a brand that people know and trust is very important. It helps them sell their products better than new or unknown brands.
Their many ways to sell their products is also a strength, as we talked about. Having stores and selling online is a good plan. Also, the people who run the company have good experience. They know the business. This helps the company stay strong and grow.
Risks and Considerations
When thinking about any investment, you must think about things that could go wrong. For the Go Fashion IPO, there were risks to think about. Many companies sell clothes. It is a very competitive market. Go Fashion must compete with many other brands. This is a risk.
How people feel about the economy matters too. If people have less money to spend, they might not buy new clothes. This could hurt Go Fashion’s sales.
Also, fashion changes fast! What people like now might not be popular later. Go Fashion must keep up with new styles. They need to make new products that people want. If they don’t, people might buy from other brands. Problems with getting products made or shipped could also hurt the business.
Go Fashion Post-IPO Performance
After the Go Fashion IPO was listed, I kept watching the stock. How it did in the market has been interesting. Like many stocks, its price has gone up and down since it first listed. The highest price it reached was about ₹1,407.80. The lowest price it went to was about ₹660.05. These prices changed over time.
Stock prices change for many reasons. It goes beyond the company’s performance. Other things in the market can make prices move. Right now, the price is around ₹785.90. Every day, the price may fluctuate somewhat.
Watching the stock now and looking back at the first price and the Go Fashion IPO GMP shows how the market has seen the company over time. It is still trading on the stock market.
Conclusion: Investment Perspective
So, to finish up, the Go Fashion IPO was a big event back in 2021. Its Go Fashion IPO GMP was high. Many people wanted to buy shares. This showed that people were hopeful about the company. Go Fashion is a known brand. They sell many types of products. They also sell in many places. These are positive aspects of the business.
The IPO listing was great. But remember, putting your money in stocks always has risks. This is true for stores selling clothes, too. You should think about the company’s good points. You should also think about the risks. Think about what you want from your money. It is important to look at everything before you decide to invest.
✅ FAQs
Q1. What is the Go Fashion IPO GMP today?
Go Fashion IPO GMP today shows active movement in the grey market. Investors are watching closely to catch early signs of trend direction.
Q2. Is a favorable result indicated by the Go Fashion IPO GMP?
A growing Go Fashion IPO GMP could be an indication of strong investor interest. It can show strong listing chances, but it’s not a guaranteed profit measure.
Q3. How often does Go Fashion IPO GMP change?
Go Fashion IPO GMP may change daily or even hourly based on demand, subscription levels, and market mood before the listing day.
Q4. Can I rely only on Go Fashion IPO GMP?
No, Go Fashion IPO GMP is helpful but should not be the only factor. Always check fundamentals, valuations, and company reports too.
Q5. Why does Go Fashion IPO GMP rise or fall?
The Go Fashion IPO GMP is influenced by market trends, investor interest, grey market supply and demand, and talk about the company’s expansion.
Disclaimer
Just so you know, this blog post gives facts about the Go Fashion IPO from the past. It uses information from that time. This is just for you to learn. It is not advice on what to do with your money. You should always look into things yourself. Also, talk to a person who knows about money matters before you invest.
