IPO: Go Fashion’s IPO is coming, new shares worth Rs 125 crore will be issued

New Delhi. The country’s IPO market is out. One after the other, many companies are bringing their initial public offering ie IPO. Now Go Fashion (India) Limited has submitted documents for the IPO with the country’s market regulator Securities and Exchange Board of India (SEBI). Go Fashion is owned by the women’s brand Go Colors.

According to the documents, new shares worth Rs 125 crore will be issued under the IPO and the promoters and existing shareholders will bring an offer for sale of 1,28,78,389 equity. PKS Family Trust and VKS Family Trust will offer 7.45 lakh (each) equity shares under the OFS. On the other hand, Sequoia Capital India Investments will sell 74.98 lakh shares, India Advantage Fund 33.11 lakh and Dynamic India Fund 5.76 lakh shares.

At present, both PKS Family Trust and VKS Family Trust hold equal 28.74 per cent stake in the company. Sequoia Capital holds 28.73 per cent, India Advantage Fund holds 12.69 per cent and Dynamic India Fund holds 1.1 per cent.

Government company National Seeds Corporation’s IPO is coming
At the same time, another government company National Seeds Corporation. The IPO is about to come. The Center is preparing to sell the stake of the state-owned company National Seeds Corporation. The government will sell up to 25 per cent stake in the company through an IPO and has invited bids from consultants to assist in the process. Explain that this public sector company comes under the administrative control of the Ministry of Agriculture and Farmers Welfare. This company produces certified seeds of about 600 varieties of 60 crops. The total assets of the company as on March 31, 2020 were Rs 646 crore.

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