Go Colors IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
Go Colors IPO Subscription

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 CategoryQuotaSubscription
Institutional (QIB)50%3.24x
Non-Insti. (HNI)15%2.30x
Retail (RII)35%24.64x
Total Subscription100%6.87x
Last updated on
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

DayDay 1Day 2Day 3
QIB 0.25x 0.00x 0.00x
HNI0.44x 0.00x 0.00x
Retail12.14x 0.00x 0.00x
Total2.46x 0.00x 0.00x

Go Colors IPO Subscription: Key IPO Details

TypeValue
Issue Size₹1,013.61 Cr
Open Date17/11/2021
Close Date22/11/2021
Face Value₹10/- per Equity Share
IPO Price₹655 – ₹690
Lot Size 21 shares
LotsMin 1 – Max 13

Go Colors IPO Subscription: Financials

201920202021 Mar2021 June
Revenue from Ops₹285.25 Cr₹392.01 Cr₹250.67 Cr₹69.15 Cr
Prof Before Exp. Items₹42.21 Cr₹68.29 Cr₹(3.14) Cr₹(18.37) Cr
Profit after Tax₹30.94 Cr₹52.63Cr₹(3.54) Cr₹18.99 Cr
EPS (Basic)5.9310.08(0.68)(3.64)
₹ in Crores, except EPS

EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS4.01163.34172.07
* Weighted Average for last 3 years

Go Fashion IPO: Comparison with listed industry peers

EPSP/E (Floor)
Go Fashion4.01*172.07
Page Industries305.45130.17
* Weighted Average for last 3 years

Go Colors IPO Subscription – FAQs

1. How to apply for Go Colors IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Go Colors IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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