Go Fashion (India) Limited which had tapped the capital markets with its fresh issue for Rs 125 crs and an offer for sale of 1,28,78,389 shares was subscribed over 135 times.

The QIB portion was subscribed 100.73 times, HNI portion was subscribed 262.08 times and the Retail portion was subscribed 49.39 times. There were 28.91 lac applications and on basis of lots, the retail portion was subscribed 41.35 times. The issue for Rs 1,013 crs at the top end of the band raised a subscription of Rs 75,900 crs. The cost of funding for the leveraged HNI would be in the region of Rs 310-320 implying that the share has to list in four digits and trade there for him to break even at the bare minimum.

Earlier the company had completed allocation to anchor investors. The company allotted 66,10,492 shares at the top end of the price of Rs 690. The company allotted the shares to 18 anchor investors comprising of 33 entities. The issue had opened on Wednesday the 17th of November and closed on Monday the 22nd of November. The price band was Rs 655-690.

The highest allocation was made to the Government of Singapore who was allotted 8,52,432 equity shares or 12.90% of the anchor allotment. Its associate, the Monetary Authority of Singapore was allotted 1,62,057 shares or 2.45% of the anchor book making a total of 10,14,489 shares or 15.35% of the anchor book. This was followed by Fidelity funds who were allotted 13.16% of the book to three entities. Three domestic funds, namely ICICI, HDFC, and SBI were allotted almost an identical 6.58% of the anchor book. This meant that the top 5 anchor investors were allotted 48.27% of the anchor book.

Domestic mutual funds were allotted 22,04,797 equity shares or 33.35% of the anchor book. This was to 7 mutual funds comprising of 18 schemes.

Full details of the subscription are given below: –