{"id":5893,"date":"2021-11-30T10:52:17","date_gmt":"2021-11-30T05:22:17","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-stocks-go-fashion\/"},"modified":"2021-11-30T13:54:47","modified_gmt":"2021-11-30T08:24:47","slug":"biz-stocks-go-fashion","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-stocks-go-fashion\/","title":{"rendered":"Go Fashion shares list with nearly 91% premium"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3264211119\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p><span style=\"font-weight: 400;\">Shares of Go Fashion, which owns women\u2019s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690.<\/span><\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3387463523\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><span style=\"font-weight: 400;\">The company is engaged in the development, design, sourcing, marketing and retailing of a range of women\u2019s bottom-wear products under the brand \u2018Go Colors\u2019.<\/span><\/p><p><span style=\"font-weight: 400;\">Its bottom-wear products, including churidars, leggings, dhotis, harem pants, Patiala, palazzos, culottes, pants, trousers and jeggings are sold across multiple categories like ethnic wear, western wear, fusion wear, athleisure and types of denim.&nbsp;<\/span><\/p><p><span style=\"font-weight: 400;\">It had around 8 per cent share in the organised women\u2019s bottom-wear market in FY20. It has a healthy, asset-light business model and had operating cash flows despite volatility in profit in the last three fiscals.<\/span><\/p><div class=\"trade-content_5\" id=\"trade-2324583268\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><span style=\"font-weight: 400;\">Go Fashion Rs 1,014 crore IPO had a price range of Rs 655-690 per share. The offer was composed of a fresh issue of Rs 125 crore and an offer for sale(OFS) of Rs 888.61 crore by promoters and investors. The offer was composed of a fresh issue of Rs 125 crore and an offer-for sale of Rs 888.61 crore by promoters and investors.<\/span><\/p><p><span style=\"font-weight: 400;\">It was subscribed 135.46 times during November 17-22. Non-institutional investors had put in bids 262.08 times the portion set aside for them and qualified institutional investors\u2019 reserved portion was subscribed 100.73 times. Retail investors bought shares 49.70 times the portion reserved for them.<\/span><\/p><p><span style=\"font-weight: 400;\">In FY21, the company posted a loss of Rs 3.54 crore against a profit of Rs 52.63 crore in the previous year. The revenue of the company also fell to Rs 250.66 crore, down from Rs 392 crore in the year before.<\/span><\/p><p><span style=\"font-weight: 400;\"><a href=\"https:\/\/portal.tradebrains.in\/stock\/GOCOLORS\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Go Fashion shares listed at Rs 1,316<\/a>, reflecting a steep jump of 90.72 per cent on the BSE. The stock further surged 94.34 per cent to Rs 1,341. At the NSE, it made its debut at Rs 1,310, jumping 89.85 per cent.<\/span><\/p><p>ALSO READ &#8211; <a href=\"https:\/\/tradebrains.in\/best-textile-sector-stocks-in-india-industry-overview\/\">Best Textile Sector Stocks in India 2021<\/a><\/p><div class=\"trade-after-content\" id=\"trade-2956080568\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Go Fashion, which owns women\u2019s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women\u2019s bottom-wear products under the brand \u2018Go Colors\u2019. Its [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":5917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,1516,31],"tags":[1737,1736,1740,1739,1738,1741],"class_list":["post-5893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-ipo","category-news","tag-go-fashion","tag-go-fashion-brand","tag-go-fashion-ipo-listing-date","tag-go-fashion-ipo-share-price","tag-go-fashion-share-price","tag-ipo-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Go Fashion shares list with nearly 91% premium<\/title>\n<meta name=\"description\" content=\"Shares of Go Fashion, which owns women\u2019s clothing brand Go Colors, on Tuesday listed with 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