On Monday, November 22nd, the closing day of the IPO, the Go Fashion India IPO was subscribed 135.40 times. All eyes are now on the allotment of shares. The allotment of Go Fashion IPO shares is expected to take place on November 25th.
Go Fashion IPO got bids for 1,09,44,34,026 shares, compared to the company’s offering of 80,79,491. The public offering had a value of Rs. 1,013.61 crore. While investors have put their money into the company, it is still unclear who will receive the Go Fashion shares. These investors are waiting for the allotment status of the Go Fashion IPO to be released. The allotment date for the Go Fashion IPO is likely to be November 25.
Under the brand ‘Go Colors,’ the company is involved in the creation, design, sourcing, marketing, and selling of a variety of women’s bottom-wear goods.
On the Bombay Stock Exchange (BSE) website, investors who bid for the offer can check the progress of their allotment:
- Go to https://www.bseindia.com/investors/appli check.aspx for further information.
- Select Equity from the Issue Type drop-down menu.
- Select Go Fashion (India) Limited from the choices under the issue name. Put the application number here.
- Input the PAN card number.
- ‘I am not a Robot’ should be selected and submitted.
You can also check the allotment status on the online portal of KFin Technologies Private Limited (https://kcas.kfintech.com/ipostatus), the registrar to the issue.
Bidders who did not receive allotment in the IPO may see reimbursements begin on November 26. Others who would be granted shares could see their shares credited to their demat accounts by November 29. By November 30, the counter could be on the market.
Also Read: Tarsons Products IPO Allotment: Here’s how you can check the allotment status