Go Fashion shares are open for trading at Rs 1,310 on the NSE.
Go Fashion stock had an impressive stock market debut on Tuesday. Shares opened for trading at Rs 1,310 on the National Stock Exchange, up 90% from the issue price of Rs 690 per share. On the BSE, Go Fashion shares opened at Rs 1,316, up 91% from the IPO price.
Go Fashion has raised Rs 1,014 crore through a share sale through an initial public offering (IPO) ending on Nov. 22, according to data on stock exchanges, the IPO. has been registered 135 times.
The non-institutional investor section is registered 262.08 times, the “qualified institutional investor” section is registered 100.73 times, and the retail investor section is registered 49 ,70.
The Go Fashion IPO consisted of a new issuance of Rs 125 crore and an offer to sell Rs 888.61 crore by promoters and investors.
The company will use the net proceeds from the new issuance to launch 120 exclusive brand stores and meet working capital requirements.
A retail investor is allowed to order a minimum of one lot of 21 shares and a maximum of 13 lots. One lot of Go Fashion shares during the IPO was Rs 14,490 at the higher price.
JM Financial, DAM Capital Advisors (Formerly IDFC Securities) and ICICI Securities are the lead managers in this regard.
