Go Fashion (India) Ltd. IPO

It is a pioneer in branded bottom wear for women, offering a wide range in terms of colors and styles to go with any top, all available under the same roof.

RHP
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DRHP
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Open Date

2021-11-17

Close Date

2021-11-22

Go Fashion (India) Ltd. IPO Details

Check out the issue details for Go Fashion (India) Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 690

Price Band

₹ 655 - 690

Issue Size

1013.6 Cr.

Issue Type

Book Built

Open

2021-11-17

Close

2021-11-22

Listingprice

₹ 1310

ListingGain

89.86%

Listing Date

2021-11-30

CMP

₹ 978.6

Current Return

41.83%

Company Financials

You can get the following financial statements of Go Fashion (India) Ltd. as of now.

The details about the Go Fashion IPO is as:

  • The issue size of the IPO is 1013.6 Cr.
  • The price band ranges from Rs 655 to Rs 690.
  • The shares of Go Fashion will list on 30th November 2021.
  • The latest tentative GMP of Go Fashion IPO is Rs 500.
  • Go Fashion IPO is subscribed 93.66 Times as of 3 pm, 22nd November 2021.

 

Go Fashion IPO Valuation

The approx valuation of Go Fashion IPO based on its price band and DRHP/RHP is:

Particulars Value
Upper Price Band 690
Existing Shares (Qty) 5.21 Cr
Fresh Issue (Amount) 125 Cr
Market Cap 3712 Cr
EPS (FY21) Rs -0.68
Industry PE 130.17x

 

Go Fashion IPO Issue Size

Go Fashion IPO issue details:

Issue Amount
Fresh Issue 125 Cr
Offer For Sale (Qty) 1.28 Cr

 

Go Fashion IPO Market Lot

An Individual can apply for a minimum 1 lot of 21 shares and a maximum of 13 lots of 273 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 21 Rs 14,490
 Maximum 13 273 Rs 1,88,370

 

Go Fashion IPO Share Offer

Go Fashion IPO is subscribed 135.46 Times as of 22nd November 2021. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 100.73 Times
Non-Institutional Maximum 15% 262.08 Times
Retail Individual Maximum 10% 49.70 Times
Total   135.46 Times

 

Go Fashion IPO Grey Market Premium

As on GMP (Tentative)
22 November 2021 Rs 460
23 November 2021 Rs 380
24 November 2021 Rs 400
25 November 2021 Rs 450
26 November 2021 Rs 500

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Go Fashion IPO:

Schedule Date
Basis of Allotment 25 November 2021
Refunds 26 November 2021
Credit to Demat Account 29 November 2021
IPO Listing Date 30 November 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 392.01 250.67 401.31 665.28 762.83
Total Expenditure 263.9 203.19 277.35 450.24 517.13
Operating Profit 128.12 47.48 123.97 215.04 245.7
Other Income 4.83 31.58 20.79 11.91 17.3
Interest 18.08 21.7 25.05 31.22 42.39
Depreciation 46.57 60.5 71.84 87.05 110.38
Exceptional Items 0 0 0 0 0
Profit Before Tax 68.29 -3.13 47.88 108.69 110.23
Provision for Tax 15.65 0.4 12.28 25.89 27.45
Net Profit 52.63 -3.54 35.6 82.8 82.78
Adjusted EPS (Rs.) 1.75 -0.12 0.66 1.53 1.53

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 79 78.99 54.01 54.01 54.01
Total Reserves 207.31 203.94 384.4 466.44 549.89
Borrowings 0 0 0 0 0
Other N/C liabilities 175.24 211.78 169.17 262.9 375.97
Current liabilities 52.04 46.14 143.49 153.92 169.28
Total Liabilities 513.57 540.85 751.07 937.27 1149.15
Assets
Net Block 255.74 259.51 291.16 393.65 526.64
Capital WIP 8.08 8.58 8.74 7.37 10.92
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 21.57 24.44 24.85 32.46 36.55
Other N/C Assets 0 3.55 0.09 25.07 0.34
Current Assets 228.19 244.76 426.23 478.71 574.71
Total Assets 513.57 540.85 751.07 937.27 1149.15
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 3.92 4.18 5.55 5.8 7.11
Profit Before Tax 25.77 32.3 17.22 37.43 28.2
Tax 5.72 8.89 4.17 8.78 7.56
Profit After Tax 20.04 23.4 13.05 28.65 20.63
Adjusted EPS (Rs) 3.71 4.33 2.42 5.3 3.82

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 52.79 16.33
Jun 2024 52.79 16.33
Mar 2024 52.79 16.33
Dec 2023 52.79 16.33
Sep 2023 52.79 16.33
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 68.29 -3.13 47.88 108.69 110.23
Adjustment 62.36 30.22 80.87 110.67 136.36
Changes in Assets & Liabilities -53.18 63.03 -84.73 -83.25 8.74
Tax Paid -20.25 -0.03 -11 -32.37 -36.64
Operating Cash Flow 57.21 90.08 33.02 103.74 218.69
Investing Cash Flow -18.47 -47.49 -58.42 -27.57 -73.13
Financing Cash Flow -43.77 -37.14 64.21 -84.09 -107.76
Net Cash Flow -5.02 5.46 38.81 -7.92 37.8
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