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Go Fashion Lists At 91% Premium; Nearly Doubles Investor Money
Amid buoyancy in trade on November 30,2021, Go Fashion IPO has made a superb listing as against the issue price of Rs. 690 per share. On the BSE, the stock listed at a price of Rs. 1316 while on the NSE the stock's listing price has been Rs. 1310 per share.
The listing of Go Fashions has been better than analysts' expectations which saw the scrip to list at somewhere around Rs. 1100 apiece.
For the investors who have been allotted the shares in the IPO, experts suggest to book 1/3rd of the profits and may continue to 'hold' remaining shares of the company for the long term.
The Rs. 1013.61 crore IPO issue received robust investor response and there is also seen trend reversal in the primary market.
Go Fashions is a pioneer in branded bottom wear for women. The company has a wide range of bottom wear products to go with any top. The company was incorporated in the year 2010.
At around 11:01 am, the scrip traded at a price of Rs. 1219, up over 76 percent.
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