Go Fashion (India) soars in stock market debut

Go Fashion (India)

30/11/2021 05:36

** Shares of Indian women's apparel maker  GOFA.NS  nearly
double in stock market debut, after opening at 1,310 rupees, a
89.9% premium to initial public offering (IPO) price of 690
rupees
    ** GOFA shares rise as much as 94.2% to 1,339.90 rupees; at
session high, co had market valuation of 72.37 bln rupees
($966.48 mln)
    ** Co's 10.14 bln rupee IPO consists of a fresh share issue
of up to 1.25 bln rupees and an offer for sale by shareholders
of up to 8.89 bln rupees 
    ** Co's IPO was oversubscribed https://bit.ly/31hFTa6 a
whopping 135.46 times earlier this month 
    ** GOFA runs the Go Colors brand under which it develops,
designs, sources, markets and retails a range of women's
bottom-wear products including leggings, harem pants and
trousers
    ** Co had 459 brand outlets across 23 states and union
territories as of Sept 30
    



($1 = 74.8800 Indian rupees)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))