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Geojit Research IPO Report
Go Fashion India Ltd. is a brand of women’s stockings in India, with approximately 8% market share of the branded women’s stockings market in fiscal year 20.
Go Fashion is engaged in the development, design, sourcing, marketing and retailing of women’s bottoms under the “Go Colors” brand.
Founded in 2010, Go Fashion is the first company to launch a brand exclusively dedicated to the category of women’s stockings. They have a pan-Indian network of 459 exclusive outlets in the country, with a significant number of stores in southern and western India.
The offer includes the new issue by the company and an offer for sale by the selling shareholders. They propose to use the net proceeds to finance the deployment of 120 new exclusive outlets for the brand (Rs 33.7 crore), the financing of working capital requirements (Rs 61.4 crore) and the general objectives of the company.
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