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IPO Launch: Go Fashion India’s IPO is about to launch, know full details before investing

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IPO Launch

The IPO market is witnessing very good growth

At present, the IPO market is witnessing very good growth. On November 17, Go Fashion (India) Limited, the parent company of women’s apparel brand Go Colors, is going to launch its Rs 800 crore IPO. Its IPO will open for subscription on November 17 and close on November 22.

According to the Draft Red Herring Prospectus (DRHP), the company’s IPO comprises a fresh issue of equity shares worth Rs 125 crore and an offer for sale of 12,878,389 equity shares by the promoter and existing shareholders. Under the OFS, PKS Family Trust and VKS Family Trust are going to sell 7.45 lakh equity shares each, Sequoia Capital India Investments will sell 74.98 lakh shares, India Advantage Fund S4I will sell 33.11 lakh shares and Dynamic India Fund S4 will sell its shares.

Go Fashion (India) Limited, the owner of women’s apparel brand Go Colors

On November 17, Go Fashion (India) Limited, the owner of women’s apparel brand Go Colors, is going to launch its IPO of Rs 800 crore. Its IPO will open for subscription on November 17 and close on November 22.

At present, PKS Family and VKS Family Trust hold a 28.74 percent stake in the company, Sequoia Capital holds 28.73 percent, India Advantage Fund holds 12.69 percent and Dynamic India Fund holds 1.1 percent. According to information received from market sources, this company is planning to raise Rs 800 crore through this IPO. JM Financial, DAM Capital Advisors (formerly IDFC Securities), and ICICI Securities are the principal managers of the issue. Also, the shares of the company will be listed on BSE and NSE.

Five Star Business Finance in preparation for IPO

Non-banking financial company Five Star Business Finance has filed preliminary documents with capital markets regulator SEBI to raise Rs 2,752 crore through its Initial Public Offering (IPO). As per the draft Red Herring Prospectus (DRHP), an IPO is purely an offer for sale (OFS) by existing shareholders and entities of the promoter group. Under OFS Rs 257.10 crore by SCI Investments V, Rs 568.92 crore by Matrix Partners India Investment Holdings II LLC, Rs 9.56 crore by Matrix Partners India Investments II Extension LLC, Rs 385.65 crore by Norwest Venture Partners.

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