Go Fashion files DRHP with SEBI for IPO
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Go Fashion (India) has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO).
Proceeds from the fresh issue will be used to fund the rollout of 120 new exclusive brand outlets, support working capital requirements and for general corporate purposes. JM Financial, DAM Capital Advisors (Formerly IDFC Securities) and ICICI Securities are the lead managers to the issue. The equity shares will be listed on BSE and NSE.
Go Fashion (India) is engaged in the development, design, sourcing, marketing and retailing of a range of women's bottom-wear products under the brand, 'Go Colors'.
