Go Fashion Stock Listing Today: Go Fashion stock opens at 90% premium on BSE, NSE

Shares of Go Fashion did a bumper listing on Tuesday. Shares of Go Fashion opened at Rs 1,316 per share on the Bombay Stock Exchange or BSE, which is up from the upper end of Rs 626 or 90.72 per cent. IPO Price band of Rs 655-690 per share. Shares of Go Fashion got listed on the National Stock Exchange or NSE at Rs 1,310, a 89.86 per cent premium over the high end of the issue price.

GoFashion Initial Public Offering (IPO) opened for subscription and received overwhelming response from investors. Go Fashion’s IPO was subscribed 135.46 times. The portion reserved for non-institutional investors was booked 262.08 times, and eligible institutional investors were subscribed 100.73 times, while retail investors bid 49.70 times the portion reserved for them.

On the listing expectations of Go Fashion Share, Abhay Doshi, Founder, UnlistedArena.com, who deals in pre-IPO and unlisted stocks, said, Go Fashion IPO received a good response. The COVID-19 outbreak severely affected the company and now the focus should be on the performance of the economy after the reopening. The issue seemed quite expensive, however due to the low allocation to retail applicants in the IPO, it could generate a lot of fancy on listings. Looking forward to great listings on the back of good subscriptions.”