Go Fashion IPO: What GMP Represents After Two Days of Subscription

Go Fashion IPO GMP

Go Fashion’s IPO Today Is GMP, According to Market Observers 500, which is 40 more than Friday’s gray market premium (GMP) 460. Go Fashion IPO GMP has risen today after holding steady on Wednesday and Thursday, said market observers. On Wednesday and Thursday, the Go Fashion IPO gray market price remained unchanged. 460. He expected that this strong performance of GoFashion stocks in the gray market would impact subscriptions on Monday as a special section of IPO investors look at the GMP before making any investment decision.

What’s the point of this go fashion gray market premium?

Market observers said the gray market premium of the public issue reflects the expected listing gains from the IPO. Go Fashion IPO is GMP Today 500, means that the gray market is expecting its shares to be listed at approx. 1190 ( 690+ 500), which is about 72 percent higher than its price band from 655 690 per equity share.

Advising investors to subscribe to GoFashion IPO; Nitin Shahi, Executive Director, Findoc said, “Go Fashion is one of the pioneers in the women’s bottom-wear industry. The company has a well-diversified product portfolio with a multi-channel pan India distribution network. In addition, The company has a demonstrated track record of strong financial performance. Furthermore, the retail women’s under-wear market is a growing market. The share of organized retail sales within women’s apparel has increased from 19 percent in 2015 to the year 2020 27 per cent, which is expected to reach 42 per cent by FY2025. Hence, investors can subscribe to it with a long-term view.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.