After subscribing to Stellar to IPO, investors are very concerned about the allotment of GO Fashion India, the bottom-wear-wear works brand operator. Allotment is expected to be completed on November 25.
Investors can check their stock application status on the BSE website or IPO Registrar Website.
On the BSE website, investors must follow these three easy steps,
A) Select equity and problem name (Go Fashion India Limited)
b) Enter the application number and pan number
c) And finally the check box (I’m not a robot) and click the search button.
Or, the stock rate status can be checked on the IPO registrar portal.
A) Select IPO (GO Fashion India Limited) in Dropdown
b) Select and hether entering the application number, or ID DPID / Client, or PAN number
c) Finally, insert Captcha and click Send
After finalizing allotment, failed investors will get a refund in their bank account on November 26, and equity shares will be transferred to the Demat Investor account that qualifies on November 29.
And finally, the list of many-awaited equity shares will take place on November 30, which experts are expected to be very strong, given the fairly gray market premiums, higher return ratios and gross margins, and a strong IPO subscription.
Go Fashion Share is now available at Rs 1,090 in the Gray Market, translating into the rs of RS 400 or 58 percent premiums from the expected final problem price of Rs 690 per share, according to the IPO watch and IPO Central. Market Gray is an unofficial trade platform where trade in IPO shares takes place during the period of the price ribbon announcement to the list of equity shares on the exchange.
“We believe the company’s core category products, higher gross margins and return ratios help get a higher assessment but a 50 percent gray market premium seems to be high by any standards. Although this industry is expected to grow but competition in this segment is also very intense, “said Divam Sharma, a green co-founder portfolio.
With a high gray market premium like that, it looks like the list will be magnificent, he feels. But he suggested investors to order the list obtained here and then look for a better assessment to enter again.
Public issues RS 1,014-Crore received an extraordinary response from investors, subscribing to 135.46 times over November 17-22. Non-institutional investors are included in the offer of 262.08 times set aside for them, and the institutional investor reserves that meet the requirements are ordered 100.73 times, while retail investors buy shares 49.70 times the portion ordered.
