Go Vogue India IPO opens in the present day and closes on November 22


  • Go Vogue (India) IPO opens in the present day and closes on twenty second November.
  • The corporate desires to boost Rs 1,014 crore via public itemizing of its shares.
  • The grey market premium of the ladies’s bottom-wear model stood at a powerful premium of ₹530 per share.

Go Vogue (India), one of many largest ladies’s bottom-wear manufacturers in India underneath the GoColors model, in the present day opened its IPO and closed on November 22 with a worth band of Rs 655-690 per share.

The corporate is seeking to increase ₹1,014 crore via a public itemizing of its shares with a contemporary difficulty of ₹125 crore fairness shares and a suggestion on the market (OFS) of 1.28 crore fairness shares, which will probably be offered by promoters and an investor.

Furthermore, the grey market premium of the ladies’s bottom-wear model was at a powerful premium of ₹530 per share.

Listed below are the vital dates associated to the IPO:

Drawback Description
worth band ₹655 to ₹690
IPO Opening Date November 17
IPO deadline 22 November
allotment date November 25
Starting of refund 26 November
Credit score of shares in demat account 29 November
IPO itemizing date 30 November
Minimal lot 21

The proceeds from the brand new difficulty will probably be used to fund the roll out of 120 new unique model retailers to assist working capital necessities and common company aims.

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The corporate is engaged within the improvement, design, sourcing, advertising and marketing and retailing of a spread of ladies’s bottom-wear merchandise underneath the model ‘Go Colors’.

Go Vogue India has a greater observe file of income progress, larger working margin and better return on fairness as in comparison with TCNS Clothes Firm (Peer). Taking into consideration all of the optimistic elements, we consider that this evaluation is at an applicable degree. Thus, we suggest a membership ranking on this difficulty,” mentioned Amarjit Maurya, Assistant Vice President – ​​Mid Cap at Angel One.

Shareholders promoting shares in IPO variety of shares
PKS Household Belief and VKS Household Belief 7.45 lakh
Sequoia Capital India Investments 74.98 lakh
India Benefit Fund S4 I 33.11 lakh
Dynamic India Fund S4 US I 5.76 lakh

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