Go Fashion IPO closed; here is how you can check allotment status on BSE, KFintech websites

The initial public offer (IPO) of Go Fashion India was subscribed 135.40 times on the last day on Monday, November 22. Against 80,79,491 shares on offer, bids were made for whooping 1,09,39,93,929 stocks on Monday. The Non-Institutional Investors (NIIs) subscribed Go Fashion IPO 262.08 times, retail portion was booked 49.40 times and the Qualified Institutional Buyers (QIBs) subscribed for 100.73 times for this IPO.  

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There are two ways to check the Go Fashion (India) Limited IPO allotment status. One can check it either through the BSE official website or by visiting registrar's KFintech website

Go Fashion India IPO Allotment status check on BSE  
Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx    
Step 2- Select Tarsons Products  
Step 3- Enter the IPO application number    
Step 4- Enter PAN card details    
Step 5 - Click at 'I'm not a robot'    
Step 6 - Click at 'Submit' button  

Go Fashion India IPO allotment status check at KFintech website      
1) Login at direct KFintech website — https://ris.kfintech.com/ipostatus/ipos.aspx      
2) Select the IPO from the drop down.      
3) Now select application number/DPID/Client ID/PAN        
4) Enter application number followed by Captcha code        
5) Now Click at 'Submit' option and your IPO application status will become available on your computer monitor or Smartphone screen.      

The company had fixed a price band of Rs 655-690 per share for this issue. An investor can bid for a minimum of 21 equity shares and in multiples thereof.      

The IPO comprised Rs 1,014-crore fresh issue of equity shares aggregating up to Rs 125 crore and an offer-for-sale of up to 12,878,389 equity shares by the promoter and existing shareholders, showed the draft red herring prospectus (DRHP) of the company.      

The company plans to use the net proceeds from the issue to fund the rollout of 120 new exclusive brand outlets, to support working capital requirements and general corporate purposes.

Go Fashion had on Tuesday last week raised a little over Rs 456 crore from anchor investors.      

Go Fashion IPO Timeline    
Application Start Date: November 17, 2021    
Application Closing Date: November 12, 2021      
Allotment Start Date: November 25, 2021      
Refund Initiation Date: November 26, 2021    
Allotment Finalisation Date: November 29, 2021      
Listing Date: November 30, 2021    
 

Dates as per Upstox.  

(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)