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It is the season of IPOs in India. With the likes of Paytm and Nykaa IPOs happening recently, Go Fashion India Limited also held its IPO from 17th to 22nd November 2021. The company, established in 2010, is the one of the largest women’s bottom-wear brands in the country. Offering one of the widest portfolios of products in more than 50 styles and in over 120 colors, the company develops, designs, sources, markets and is involved in retailing of products under the brand Go Colors!
The IPO opened on the 17th of November, and got fully subscribed within hours of its opening. The brand aimed to raise INR1013.6 crore through the IPO, comprising of fresh equity shares aggregating upto INR 125 crore and an offer for sale of upto 12,878,389 equity shares by promoters and existing shareholders.
Company promoters include Prakash Kumar Saraogi, Gautam Saraogi, Rahul Saraogi, PKS Family Trust and VKS Family Trust. Through the OFS, PKS Family Trust and VKS Family Trust a… Read More