Go Fashion (India) Limited was established in 2011. It was the first brand to specialise on women’s bottom-wear and offer a large selection of high-quality goods. spans ethnic, fusion, western, and other styles, as well as segments including churidars, leggings, jeggings, denim, and linen bottom-wear. As of May 31, 2021, Go Colors sold bottom-wear in over 50 styles in more than 120 colors.

Objects of the Issue:

• Funding roll out of 120 new EBOs (Exclusive Brand Outlets);
• Funding working capital requirements; and
• General corporate purposes

Company Financials:

GoColors IPO Details:

GoColors IPO Tentative Timetable

The GoColors IPO open date is Nov 17, 2021, and the close date is Nov 22, 2021. The issue may list on Nov 30, 2021.

GoColors IPO Lot Size

The GoColors IPO market lot size is 21 shares. A retail-individual investor can apply for up to 13 lots (273 shares or ₹188,370).

GoColors IPO Promoter Holding

• Pre-Issue Share Holding - 57.47%
• Post-Issue Share Holding - 52.78%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.