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