The Rs. 800-crore initial share sale of Go Fashion (India) Ltd. will open for public subscription on 17 November. Go Fashion owns womenswear brand Go Colors. The initial public offering (IPO) will conclude on 22 November, according to the red herring prospectus.
It is being said that the proceeds from the fresh issue will be used to fund the roll out of 120 new Exclusive Brand Outlets, to support working capital requirements and general corporate purposes.
The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottomwear products under the brand ‘Go Colors’.
Notably, Go Fashion (India) Ltd. has identified the market opportunity in women’s bottomwear and has acted as a ‘category creator’ for bottomwear.
The company’s bottomwear products, including Indian as well as westernwear like churidars, leggings, harem pants, patiala, palazzos, culottes, pants, trousers and jeggings, are sold across multiple categories such as ethnicwear, westernwear, fusionwear, athleisure, denims and plus sizes.
The equity shares will be listed on BSE and NSE.
