Go Fashion subscribed 2.43 times

Mumbai: The ₹1,014-crore initial public offering of Go Fashion was subscribed 2.43 times on the first day with a massive response from the retail investors.

The issue received bids for 1.99 crore shares against the offered 80.79 lakh shares. Retail investors have put in bids for 12.14 times the portion set aside for them.

On Tuesday, Go Fashion raised ₹546.12 crore from 33 anchor investors by allotting 66.10 lakh shares. The three-day public offer, which is priced in the range of ₹655 to ₹690, will close on November 22.