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GoColors IPO is a book built issue of Rs 1,013.61 crores. The issue comprises of fresh issue of Rs 125.00 crore and offer for sale of 1.29 crore shares.
GoColors IPO bidding started from November 17, 2021 and ended on November 22, 2021. The allotment for GoColors IPO was finalized on Thursday, November 25, 2021. The shares got listed on BSE, NSE on November 30, 2021.
GoColors IPO price band is set at ₹655 to ₹690 per share. The minimum lot size for an application is 21 Shares. The minimum amount of investment required by retail investors is ₹14,490.
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), ICICI Securities Limited and Jm Financial Limited are the book running lead managers of the GoColors IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to GoColors IPO RHP for detailed information.
| IPO Date | November 17, 2021 to November 22, 2021 |
| Listing Date | November 30, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹655 to ₹690 per share |
| Lot Size | 21 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,013.61 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹125.00 Cr) |
| Offer for Sale | 12,878,389 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
GoColors IPO offers 8,079,491 shares. 4,406,996 (54.55%) to QIB, 2,203,497 (27.27%) to NII, 1,468,998 (18.18%) to RII. 69,952 RIIs will receive minimum 21 shares and (sNII) and (bNII) will receive minimum 294 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 4,406,996 (54.55%) | NA |
| NII (HNI) Shares Offered | 2,203,497 (27.27%) | |
| Retail Shares Offered | 1,468,998 (18.18%) | 69,952 |
| Total Shares Offered | 8,079,491 (100%) |
GoColors IPO opens on November 17, 2021, and closes on November 22, 2021.
| IPO Open Date | Wednesday, November 17, 2021 |
| IPO Close Date | Monday, November 22, 2021 |
| Basis of Allotment | Thursday, November 25, 2021 |
| Initiation of Refunds | Friday, November 26, 2021 |
| Credit of Shares to Demat | Monday, November 29, 2021 |
| Listing Date | Tuesday, November 30, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 22, 2021 |
Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,490 |
| Retail (Max) | 13 | 273 | ₹188,370 |
| Lot Size Calculator | |||
Prakash Kumar Saraogi, Gautam Saraogi, Rahul Saraogi, Pks Family Trust And Vks Family Trust are the company promoters.
| Share Holding Pre Issue | 57.47% |
| Share Holding Post Issue | 52.78% |
Incorporated in 2010, Go Fashion (India) Limited is one of the largest women's bottom-wear brands in India. The company is engaged in the development, design, sourcing, marketing, and retailing of a range of women's bottom-wear products under the brand, 'Go Colors'. The company offers one of the widest portfolios of bottom-wear products among women's apparel retailers in terms of colors and styles. As of May 31, 2021, Go Colors sold bottom-wear in over 50 styles in more than 120 colors.
As of May 31, 2021, the company has 450 exclusive brand outlets (EBOs) that are spread across 23 states and union territories in India. The company's distribution channels include large format stores (LFSs) including Reliance Retail Limited, Central, Unlimited, Globus Stores Private Limited, and Spencer's Retail among others. The company's LFSs have grown from 925 LFSs in 2019 to 1,332 LFSs in May 2021. The company also sells its products through its website, online marketplaces, and multi-brand outlets (MBOs).
Competitive strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 30-Jun-20 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 5,306.47 | 5,346.99 | 5,483.67 | 5,191.86 | 4,041.31 |
| Total Revenue | 402.92 | 207.44 | 2,822.52 | 3,968.39 | 2,909.79 |
| Profit After Tax | (189.96) | (85.98) | (35.39) | 526.34 | 309.41 |
[Dilip Davda] The company has suffered due to the pandemic and posted negative earnings for the last 15 months. Based on such dismal performance the issue is having negative P/E. However, it holds a pure long term story considering an expansion plan afoot to increase outlets from 450+ to 2000+ in the coming five to six years. The company hopes to be on track once full normalcy returns and regain its growth pattern on pre-pandemic lines. Its dependence on third party contracts remains a major concern. Hence, risk seekers/cash surplus investors may park funds for long term rewards. Read detail review...
The GoColors IPO is subscribed 135.46 times on November 22, 2021 7:01:00 PM. The public issue subscribed 49.70 times in the retail category, 100.73 times in the QIB category, and 262.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 41.1 times
| Category | Subscription (times) |
|---|---|
| QIB | 100.73 |
| NII | 262.08 |
| Retail | 49.70 |
| Total | 135.46 |
| Listing Date | November 30, 2021 |
| BSE Script Code | 543401 |
| NSE Symbol | GOCOLORS |
| ISIN | INE0BJS01011 |
| Final Issue Price | ₹690 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹690.00 |
| ₹1,316.00 |
| ₹1,144.15 |
| ₹1,341.00 |
| ₹1,252.60 |
| NSE |
|---|
| ₹690.00 |
| ₹1,310.00 |
| ₹1,143.10 |
| ₹1,339.90 |
| ₹1,253.70 |
Go Fashion (India) Limited
Sathak Center, 5th Floor,
New No. 4, Old No. 144/2,
Nungambakkam High Road, Chennai, Tamil Nadu 600 03
Phone: +91 44 4211 1777
Email: companysecretary@gocolors.com
Website: https://www.gocolors.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: gofashion.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
GoColors IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,013.61 Crores. The issue is priced at ₹655 to ₹690 per share. The minimum order quantity is 21 Shares.
The IPO opens on November 17, 2021, and closes on November 22, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in GoColors IPO using UPI as a payment gateway. Zerodha customers can apply in GoColors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GoColors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GoColors IPO opens on November 17, 2021 and closes on November 22, 2021.
GoColors IPO lot size is 21 Shares, and the minimum amount required is ₹14,490.
You can apply in GoColors IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for GoColors IPO will be done on Thursday, November 25, 2021, and the allotted shares will be credited to your demat account by Monday, November 29, 2021. Check the GoColors IPO allotment status.
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