Business Standard

Friday, December 20, 2024 | 04:07 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Go Fashion raises Rs 455 crore from anchor investors ahead of IPO

Go Fashion's IPO opens on Wednesday and closes on Friday

fundraising
Premium

Photo: Shutterstock

BS Reporter
Go Fashion (India), which owns women’s wear brand Go Colors, on Tuesday alloted shares worth Rs 455 crore from anchor investors. The company alloted 6.6 million shares at Rs 690 apiece. Government of Singapore, Abu Dhabi Investment Trust, Nomura, SBI MF and Axis MF are some institutional investors given allotment in the anchor category. 

Go Fashion's IPO opens on Wednesday and closes on Friday. The IPO comprises fresh issue of equity shares aggregating up to Rs 125 crore and an offer-for-sale (OFS) of Rs 890 crore. The fresh proceeds will be used to fund the roll-out of 120 new exclusive

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in