Go Fashion IPO share allotment begins today; know how to check status on BSE, KFintech

Go Fashion India IPO share allotment process is all set to kick-start from today, November 25, as per discount broker Upstox. The initial public offer of the operator of women’s bottomwear brand Go Colors closed with massive subscription on November 22.  The initial public offer (IPO) of Go Fashion India was subscribed 135.40 times on the last day.  

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 the issue 100.73 times.   

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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.   

Meanwhile, those who want to check allotment status can do it in two ways. One can check it either through the BSE official website or by visiting Go Fashion India IPO registrar's website kfintech.com  

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.       

Earlier, 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. 

(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.)