Go Fashion shares listed at Rs 1,316, reflecting a steep jump of 90.72 per cent on the BSE. The stock further surged 94.34 per cent to Rs 1,341. At the NSE, it made its debut at Rs 1,310, jumping 89.85 per cent.
After a stellar subscription to the Go Fashion IPO, investors are keenly watching the share allotment of Go Fashion India. The allotment is expected to be finalised later on November 25.
The Rs 1,013.6-crore IPO received bids for 95,49,687 shares against 80,79,491 shares on offer, according to NSE data till 12:42 hours.
Go Fashion mopped up Rs 1,014 crore from the public issue that was subscribed 135.46 times during November 17-22. Non-institutional investors had put in bids 262.08 times.
Earlier, the initial public offer (IPO) of Go Fashion India was subscribed 6.87 times on the second day on Thursday. The company had fixed a price band of Rs 655-690 per share for this issue.
The current month will continue to be a busy one for the primary market, as two companies --Tarsons Products and Go Fashion (India) Ltd -- are set to float their IPOs.
The BSE Sensex climbed 153.43 points to 57,260.58, while the Nifty50 was up 27.50 points at 17,054 and formed a Long Legged-Doji kind of pattern on the daily charts.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 125 crore and an offer-for-sale of up to 12,878,389 equity shares by the promoter and existing shareholders.