
Go Colors IPO Subscription Status: LIVE
Go Fashion (India) Limited is a women’s bottom-wear brand in India, with a market share of approximately 8% in the branded women’s bottom-wear market in Fiscal 2020. They are engaged in the development, design, sourcing, marketing, and retailing of a range of women’s bottom-wear products under the brand, ‘Go Colors’.
Investor Category | Quota | Subscription |
---|---|---|
Institutional (QIB) | 50% | 3.24x |
Non-Insti. (HNI) | 15% | 2.30x |
Retail (RII) | 35% | 24.64x |
Total Subscription | 100% | 6.87x |
18 Nov 2021 | 5:00 PM
Go Colors IPO Subscription: Analyst Recommendations
ANGEL ONE – SUBSCRIBE
“Go Fashion India has a better track record of revenue growth, higher operating margin & high Return on equity compared to TCNS Clothing Co. Considering all the positive factors, we believe this valuation is at reasonable levels. Thus, we recommend a subscribe rating on the issue,”
SWASTIKA INVESTMENT – SUBSCRIBE
“Go Colors has a strong brand value but fluctuating revenues, however, it is expected to have strong growth momentum with increasing number of working women along with the evolving fashion trend”
CHOICE BROKING – SUBSCRIBE
“Given the target market potential and market share in the niche category coupled with the largest network of exclusive brand outlets, we feel that it has the potential to expand the business and also almost fully recover the lost profitability due to the pandemic,”
Go Colors IPO Subscription: End of Day Update
Day | Day 1 | Day 2 | Day 3 |
---|---|---|---|
QIB | 0.25x |