Go Fashion IPO fully subscribed within hours of opening
The initial public offer of Go Fashion (India) Limited, which owns women’s wear brand Go Colors, was subscribed 1.18 times within hours of opening for subscription on Wednesday. The Rs 1,013.6-crore IPO received bids for 95,49,687 shares against 80,79,491 shares on offer, according to NSE data till 12:42 hours. The category for retail individual investors (RIIs) received huge demand, getting subscribed 6.28 times and non-institutional investors received 14 per cent subscriptions. The initial public offer has a fresh issue of up to Rs 125 crore and an offer for sale…
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