The initial public offering (IPO) for Go Fashion (India) Ltd's Rs 800-crore share-sale, which owns the women's wear brand Go Colors, will begin on November 17. According to the red herring prospectus, the initial public offering (IPO) will end on November 22. (RHP).
According to the draught red herring prospectus (DRHP), the initial public offering will include a fresh issue of equity shares worth up to Rs 125 crore and an offer-for-sale of up to 12,878,389 equity shares by the promoter and existing shareholders.
PKS Family Trust and VKS Family Trust will each sell 7.45 lakh equity shares under the “Offer for sale” (OFS), while Sequoia Capital India Investments will sell up to 74.98 lakh, India Advantage Fund S4 I will sell up to 33.11 lakh shares, and Dynamic India Fund S4 US I will sell up to 5.76 lakh shares.
PKS Family and VKS Family Trust each own 28.74 percent of the company, Sequoia Capital 28.73 percent, India Advantage Fund 12.69 percent, and Dynamic India Fund 1.1 percent. The IPO is expected to raise Rs 800 crore, according to market sources.