Go Fashion 'GoColors IPO' scheduled between November 17-22, 2021
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12 November 2021, Mumbai:
Go Fashion, the women's bottom-wear products maker under Go Colors brand has decided to launch its initial public offering for subscription on November 17. This would be the second public issue getting launched next week after Tarsons Products.
The price band and the lot size will be disclosed by the company in the coming days. The offer comprises a fresh issue of Rs 125 crore and an offer for sale by promoters and investors.
The price band and the lot size for IPO will be disclosed by the company in the coming days. The offer will close on November 22.
The offer comprises a fresh issue of Rs 125 crore and an offer for sale by promoters and investors.
Promoters PKS Family Trust and VKS Family Trust will sell up to 7,45,676 equity shares each via an offer for sale. Among investors, Sequoia Capital India Investments IV will offload 74,98,875 equity shares, India Advantage Fund S4 I will sell 33,11,478 equity shares, and Dynamic India Fund S4 US I has put up 5,76,684 equity shares for sale in OFS.
The net proceeds from the fresh issues will be utilised for funding roll out of 120 new EBOs (exclusive brand outlets), and working capital requirements. Money Control
(The article has not been edited by DFU Publications staff)
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