Go Fashion makes stellar debut, stock lists at 91% premium to issue price

Post listing the stock hit a high of Rs 1,341 and a low of Rs 1,215 on the BSE

Shares of Go Fashion (India) have made a stellar market debut, with stock listed at Rs 1,316, a 91 per cent premium over its issue price of Rs 690 per share on the BSE on Tuesday. On the National Stock Exchange (NSE), the stock opened at Rs 1,310, 90 per cent higher as against its issue price.

Post listing the stock hit a high of Rs 1,341 and a low of Rs 1,215 on the BSE. At 10:01 am, it was trading at Rs 1,226, 78 per cent higher from its issue price and 7 per cent down from its opening level. A combined 4.8 million shares changed hands on the counter on the NSE and BSE.

Go Fashions is the first company to launch a brand exclusively dedicated to the women’s bottom-wear category. It is a play on the unorganised to the modern retail shift. The company is a one stop shop for…Continue reading