Go Fashion IPO Opens For Subscription: Key Things To Know

New Delhi: The preliminary public providing (IPO) of Go Fashion (India) Ltd, proprietor of ladies's put on model Go Colors, opened for subscription on Wednesday. For the Rs 1,014 crore public supply, the corporate has mounted a worth band of Rs 655-690 per share. The providing will conclude on November 22. The cut-off date has been prolonged due to the market vacation on Friday (November 19) on account of Guru Nanak Jayanti.The IPO contains contemporary difficulty of fairness shares aggregating as much as Rs 125 crore and a proposal on the market (OFS) of as much as 12,878,389 fairness shares by promoter and current shareholders.Here Are Key Things To Know About The IPO:* Under the OFS, PKS Family Trust and VKS Family Trust are going to dump 7.45 lakh fairness shares every, Sequoia Capital India Investments will promote as much as 74.98 lakh shares, India Advantage Fund S4 I'll divest as much as 33.11 lakh shares and Dynamic India Fund S4 US I'll promote as much as 5.76 lakh shares.* Currently, PKS Family and VKS Family Trust maintain 28.74 per cent stake every within the firm, Sequoia Capital holds 28.73 per cent stake, India Advantage Fund has 12.69 per cent stake and Dynamic India Fund owns 1.1 per cent stake within the agency.* Go Fashion has raised a bit of over Rs 456 crore from anchor buyers.* The firm has determined to allocate a complete of 66,10,492 fairness shares to 33 anchor buyers at Rs 690 apiece, aggregating the transaction dimension to Rs 456.12 crore, based on a round uploaded on the BSE web site.* About 75 per cent of the difficulty dimension has been reserved for certified institutional patrons (QIBs), 15 per cent for non-institutional buyers, whereas the remaining 10 per cent has been put aside for retail buyers.* Investors can bid for at least 21 fairness shares and in a number of thereof.* JM Financial, DAM Capital Advisors (Formerly IDFC Securities) and ICICI Securities are the lead managers to the difficulty.