Go Fashions subscribed over 11x on day 3 The Rs... ... Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India

Go Fashions subscribed over 11x on day 3

The Rs 1,014 crore IPO of Go Fashions (India) continued to receive a strong response from the investors on the final day of the bidding process. The issue, which kicked off for subscription on Wednesday, sailed through on the first day itself. The company is selling its shares in the range of Rs 655-690 during the three day bidding process. According to the data from NSE, the issue attracted bids for 8,50,87,716 equity shares or 10.53 times as of 11.06 am. The company offered 80,79,491 equity shares in its initial stake sale.The issue saw heavy bidding from the retail bidders in the first two days. Butthe baton seems to have been passed to QIBs who usually crowd IPO mart on the last day of the bidding process.