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IPO

Women's wear co Go Fashion raises Rs.456-Cr from 33 anchor investors

Economic Times  

Go Fashion (India) Ltd, which owns women's wear brand ‘Go Colors', has raised a little over INR 456 crore from anchor investors ahead of its IPO roll-out. The company has allocated 66,10,492 equity shares to 33 anchor investors at INR 690 apiece, aggregating to INR 456.12 crore Government of Singapore, Monetary Authority of Singapore, Nomura, Abu Dhabi Investment Authority, Fidelity, SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Axis MF, Aditya Birla Sun Life MF and SBI Life Insurance Company are among the anchor investors. The initial public offering (IPO) comprises fresh issue of equity shares aggregating up to INR 125 crore and an offer for sale of up to 12,878,389 equity shares by promoter and existing shareholders. Under the OFS, PKS Family Trust and VKS Family Trust are going to offload 7.45 lakh equity shares each, Sequoia Capital India Investments will sell 74.98 lakh shares, India Advantage Fund S4 I will divest 33.11 lakh shares and Dynamic India Fund S4 US I will sell 5.76 lakh shares. Currently, PKS Family and VKS Family Trust hold 28.74 % stake each in the company, Sequoia Capital holds 28.73 %, India Advantage Fund has 12.69 % and Dynamic India Fund, 1.1 % stake in the firm.