Nifty 17196.7 (-1.18%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
Bajaj Auto 3287.85 (-1.22%)
Bajaj Finance 7069.25 (-1.55%)
Bajaj Finserv 17488.70 (-1.52%)
Bharti Airtel 718.35 (-1.94%)
Britannia Inds. 3553.75 (-0.69%)
Cipla 912.05 (-1.00%)
Coal India 159.75 (0.28%)
Divis Lab. 4757.05 (-0.42%)
Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
Grasim Inds 1703.90 (-1.16%)
H D F C 2771.65 (-1.29%)
HCL Technologies 1171.40 (-1.12%)
HDFC Bank 1513.55 (-0.80%)
HDFC Life Insur. 690.95 (-2.03%)
Hero Motocorp 2462.45 (-0.41%)
Hind. Unilever 2343.65 (-1.66%)
Hindalco Inds. 424.65 (-1.72%)
I O C L 122.20 (1.28%)
ICICI Bank 716.30 (-0.84%)
IndusInd Bank 951.15 (0.59%)
Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
JSW Steel 644.55 (-0.34%)
Kotak Mah. Bank 1914.20 (-2.55%)
Larsen & Toubro 1801.25 (0.67%)
M & M 836.95 (-1.48%)
Maruti Suzuki 7208.70 (-1.59%)
Nestle India 19321.35 (-0.93%)
NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
Power Grid Corpn 206.10 (-3.92%)
Reliance Industr 2408.25 (-3.00%)
SBI Life Insuran 1165.95 (-1.86%)
Shree Cement 25914.05 (-1.43%)
St Bk of India 473.15 (-0.81%)
Sun Pharma.Inds. 751.80 (-1.89%)
Tata Consumer 774.30 (0.14%)
Tata Motors 480.10 (0.21%)
Tata Steel 1118.00 (0.50%)
TCS 3640.45 (-0.07%)
Tech Mahindra 1593.30 (-2.23%)
Titan Company 2369.25 (-0.72%)
UltraTech Cem. 7332.45 (0.13%)
UPL 712.75 (2.08%)
Wipro 640.75 (-0.94%)

Go Fashion (India) IPO - 7 Things to Know

Go Fashion (India) IPO - 7 Things to Know
by 5paisa Research Team 12/11/2021

The IPO of Go Fashion (India) will open for subscription on 17th November and close for subscription on 22nd November. Go Fashion is a highly popular women’s wear brand which has been in existence in India since 2010 catering more to the urban women. Here is the gist of the story.
 

7 things to know about the Go Fashion (India) IPO


1) Incorporated in the year 2010, Go Fashion (India) specializes in women’s bottom-wear segment and is the largest organized player in this niche. It handles the complete value chain from design, development, sourcing, marketing and retailing of these bottom-wear brands across the length and breadth of India.

2) It has a wide portfolio of women’s bottom-wear and its portfolio consists of over 50 styles across 120 colours. It distributes through its proprietary 450 exclusive brand outlets (EBOs) as well as through large format stores like Reliance Retail, Globus, Spencer’s Retail, Unlimited etc.

3) The Rs.1,014 crore IPO will comprise of a fresh issue of Rs.125 crore and an offer for sale of Rs.889 crore. The IPO has been priced in the band of Rs.655 to Rs.690 with a market lot size of 21 shares. The promoter families will be offloading shares in the IPO while Sequoia capital has 28.7% stake in Go Fashion (India).

4) The Go Fashion IPO opens for subscription on 17th November and closes on 22nd November. The basis of allotment will be finalized on 25th November while the refunds will be initiated on 26th November. The shares will be credited to the demat accounts of eligible allottees on 29th November while the shares will list on NSE and BSE on 30th November.

5) The IPO proceeds will be used to essentially add 120 new exclusive brand outlets (EBOs) across India and expand presence beyond the current 23 states. The funds will also be used for working capital and general corporate purposes.

6) For FY21, Go Fashion (India) reported revenues of Rs.282.25 crore, which was lower than the Rs.396.84 crore reported in FY20. That was the impact of the pandemic and FY22 is expected to revert to growth. The company had made a small loss in FY21 as against profits in FY20 and FY19, largely due to the COVID led slowdown.

7) With 450 EBOs and 1,332 large format store partnerships, the company has substantial reach and a strong niche brand to back it up. Its operating economics and its multi-channel distribution, including strong digital focus, will be a major advantage in growing sales. The issue will be lead managed by DAM Capital, ICICI Securities and JM Financial.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Latent View Analytics IPO - Subscription Day 3

Latent View Analytics IPO  - Subscription Day 3
by 5paisa Research Team 12/11/2021

The Rs.600 crore IPO of Latent View Analytics, consisting of a fresh issue of Rs.474 crore and an offer for sale (OFS) of Rs.126 crore, saw robust response on Day-1 and Day-2 of the IPO. As per the combined bid details put out by the BSE at the close of Day-3, Latent View Analytics IPO was subscribed 326.49X overall, with strong demand coming from the HNI, QIB and retail segment, in that order. The issue has closed on 12th November.

As of close of 12th November, out of the 175.26 lakh shares on offer in the IPO, Latent View Analytics saw bids for 57,218.83 lakh shares. This implies an overall subscription of 326.49X. The granular break-up of subscriptions was dominated by the HNIs followed by QIBs and retail investors. QIB bids and NII bids gathered tremendous momentum on the last day, as is the normal trend in the IPO market.
 

Latent View Analytics IPO Subscription Day-3
 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

145.48 Times

Non Institutional Investors (NII)

850.66 Times

Retail Individuals

119.44 Times

Employees

3.87 Times

Overall

326.49 times

 

QIB Portion

The QIB portion of the IPO was subscribed 145.48 times at the end of Day-2. On 09th November, Latent View Analytics did an anchor placement of 1,35,53,898 shares at the upper end of the price band of Rs.197 to 34 anchor investors raising Rs.267.01 crore.

Check - Latent View Analytics IPO subscription Day-2

The list of QIB investors included a number of marquee global names like Abu Dhabi Investment Authority (ADIA), Ashoka India Fund, Hornbill Orchid and Wellington Fund. Domestic anchor investors included Birla Mutual Fund, Axis MF, ICICI Pru MF, Kotak MF, Mirae MF, SBI Life, Bajaj Allianz, UTI MF; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 93.68 lakh shares of which it has got bids for 13,628.43 lakh shares, implying a subscription ratio of 145.48X for QIBs at the close of Day-3. QIB bids typically get bunched on the last day but the heavy demand for the anchor placement for the Latent View Analytics IPO had already indicated at a strong QIB appetite for the IPO.

HNI / NII Portion

The HNI portion got subscribed 850.66X (getting applications for 39,846.85 lakh shares against the quota of 46.84 lakh shares). This is a very strong response on Day-3 although this segment normally does sees the maximum response bunched on the last day. Bulk of the funded applications and corporate applications, come in on the last day of the IPO.

Retail Individuals

The retail portion was subscribed an impressive 119.44X at the end of Day-2, showing strong retail appetite. However, it must be noted that retail allocation is just 10% in this IPO. For retail investors; out of the 31.23 lakh shares on offer, valid bids were received for 3,729.97 lakh shares, which included bids for 2,967.39 lakh shares at the cut-off price.

The IPO is priced in the band of (Rs.190-Rs.197) and has closed for subscription on 12th November 2021.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Droom Files DRHP for Rs.3,000 crore IPO

Droom Files DRHP for Rs.3,000 crore IPO
by 5paisa Research Team 15/11/2021

Droom Technologies has filed its draft red herring prospectus (DRHP) with SEBI to raise Rs.3,000 crore via the IPO route. The IPO will comprise of a fresh issue of Rs.2,000 crore and an offer for sale of Rs.1,000 crore. The company is also planning a pre-IPO placement of Rs.400 crore and if successful, it would reduce the IPO amount proportionately.

Interestingly, Droom will be the second online automobile market place after CarTrade Tech to launch an IPO. CarTrade had done an offer for sale in August this year, but its performance has not been too exciting after listing and continues to quote at a 31% discount to the issue price.

Droom also offers an online agnostic auto market place with value added content to help people make car buying and selling decisions scientifically.

The OFS of Rs.1,000 crore will be offered by its parent company Droom Pte Ltd, which is based out of Singapore. The parent may also look to place part of the issue privately considering the unique nature of the industry. The platform offers the purchase and sale of first-hand and second-hand four-wheelers and also two-wheelers.

Droom was founded by Sandeep Agarwal in 2014 and offers a palate of over 250,000 vehicles to buy and sell on its platform. The user base is spread across more than 1000 towns and cities across the length and breadth of India.

Droom offers advantages to users like a huge choice of vehicles, best price based model, agnostic buy and sell platform, choice of used and new vehicles, over 1100 inspection points and easy loan and insurance.

Out of the fresh issue component of Rs.2,000 crore, Droom plans to deploy nearly Rs.1,100 crore for funding its organic growth via expansion of the franchise. Another Rs.400 crore will be used towards inorganic expansion where Droom will look for niche mergers and acquisitions to expand its missing blocks in the most efficient way.

The DRHP approval process normally takes up to 2 months and after that the process of filing RHP will be taken up simultaneously with the IPO execution. The Droom IPO will be lead managed by ICICI Securities, Axis Capital, Edelweiss, HSBC and Nomura. KFIN Technologies (formerly Karvy Computershare) will be the registrars to the IPO.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Paytm IPO Allotment - How to Check the Allotment Status?

Paytm IPO Allotment
by 5paisa Research Team 15/11/2021

The Rs.18,300 crore IPO of One97 Communications (Paytm), consisting of Rs.8,300 crore fresh issue and Rs10,000 crore OFS, was subscribed 1.89X overall at the close of bidding on 10th November. The basis of allotment will be finalized on 15th November and the stock will be listed on 18th November. If you have applied for the Paytm IPO, you can check your allotment status online.

You can either check your allotment status on the BSE website or the IPO registrar, Link Intime. Here are the steps.

Checking the allotment status of One97 Communications (Paytm) on BSE website

Visit the BSE link for the IPO allotment by clicking on the link below https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

1) Under Issue Type – Select Equity Option.
2) Under Issue Name – Select One97 Communications (Paytm) from the drop down box.
3) Enter the Application Number exactly as in the acknowledge slip.
4) Enter the PAN (10-digit alphanumeric) number.
5) Once this is done, you need to click on the Captcha to verity that you are not a robot.
6) Finally click on the Search Button.

The allotment status will be displayed on the screen in front of you informing about the number of shares of One97 Communications (Paytm) allotted to you.
 

Check - Paytm IPO - Subscription Day 3


Checking the allotment status of One97 Communications (Paytm) on Link Intime (IPO Registrar)

Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select One97 Communications (Paytm) from the drop down box.

A) There are 3 options. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination.

B) Select the appropriate option you want to use and enter the details (PAN / Application Number / DPID-Client ID).

C)  Finally, click on the Search button.

The IPO status with number of shares of One97 Communications (Paytm) allotted will be displayed on the screen.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Sapphire Foods India IPO Allotment - How to Check the Allotment Status?

Sapphire Foods India IPO Allotment
by 5paisa Research Team 15/11/2021

The Rs.2,073.25 crore IPO of Sapphire Foods India, consisting entirely of an offer for sale (OFS) of Rs2,073.25 crore OFS, was subscribed 6.62X overall at the close of bidding on 11th November. The basis of allotment will be finalized on 16 November and the stock will be listed on 22-November. If you have applied for the Sapphire Foods India IPO, you can check your allotment status online.

You can either check your allotment status on the BSE website or the IPO registrar, Link Intime. Here are the steps.

Checking the allotment status of Sapphire Foods India on BSE website.

Visit the BSE link for the IPO allotment by clicking on the link below https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow.

1) Under Issue Type – Select Equity Option.
2) Under Issue Name – Select Sapphire Foods India from the drop down box.
3) Enter the Application Number exactly as in the acknowledge slip.
4) Enter the PAN (10-digit alphanumeric) number.
5) Once this is done, you need to click on the Captcha to verity that you are not a robot.
6) Finally click on the Search Button.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Sapphire Foods India allotted to you.
 

Check - Sapphire Foods India IPO subscription Day-3


Checking the allotment status of Sapphire Foods India on Link Intime (IPO Registrar)

Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Sapphire Foods India from the drop down box.

A) There are 3 options. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination.

B) Select the appropriate option you want to use and enter the details (PAN / Application Number / DPID-Client ID).

C) Finally, click on the Search button.

The IPO status with number of shares of Sapphire Foods India allotted will be displayed on the screen.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

PB Fintech (Policybazaar) IPO - Listing Day Performance

PB Fintech (Policybazaar) IPO - Listing Day Performance
by 5paisa Research Team 15/11/2021

PB Fintech (Policybazaar) had a strong listing on 15th November and listed at a premium of 17.35%, and closed the day well above the listing price. While the stock did show a sharp bounce during the day, it failed to hold on to higher levels.

With overall subscription of 16.59X and stable trading interest in the GMP market, the listing was expected to be strong.
 

Here is the PB Fintech (Policybazaar) listing story on 15-Nov.


The IPO price was fixed at the upper end of the band at Rs.980 considering the 16.59X subscription. The price band for the PB Fintech (Policybazaar) IPO was Rs.940 to Rs.980. On 15th Nov, the stock of PB Fintech (Policybazaar) listed on the NSE at a price of Rs.1,150, a premium of 17.35% above the issue price of Rs.980.

On the BSE also, the stock listed at Rs.1,150 a premium of 17.35% on the issue price.

On the NSE, PB Fintech (Policybazaar) closed on 15-Nov at a price of Rs.1,201.60, a first day closing premium of 22.61% on the issue price. On the BSE, the stock closed at Rs.1,202.90, a first day closing premium of 22.74% on the issue price.

On both the exchanges, the stock not only listed above the IPO issue price but closed Day-1 well above the listing price.

On Day-1 of listing, PB Fintech (Policybazaar) touched a high of Rs.1,248.90 on the NSE and a low of Rs.1,149. The premium held through the day. On Day-1 of listing, the PB Fintech (Policybazaar) stock traded a total of 363.79 lakh shares on NSE amounting to value of Rs.4,332.71 crore.


Check - Policybazaar IPO - Subscription Day 3

On 15-Nov, Policybazaar was the most active share on NSE by traded value. On the BSE, PB Fintech (Policybazaar) touched a high of Rs.1,249 and a low of Rs.1,145.

On BSE, the stock traded a total of 12.93 lakh shares amounting to value of Rs.153.47 crore. It was the second most active share on the BSE in terms of trading value.

At the close of Day-1 of listing, PB Fintech (Policybazaar) had a market capitalization of Rs.54,070 crore with free-float market cap of Rs.11,355 crore.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order