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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Rollout of new exclusive brand outlets
Deploy proceeds towards establishing roughly 120 new exclusive brand outlets across targeted locations in India.
Working capital requirements
Support ongoing operating capital and store inventory expansion across the retail store network.
General corporate purposes
Fund corporate operations and general enterprise requirements from the balance of net fresh issue proceeds.
(₹ in Crore)
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Go Fashion (India) Limited, incorporated in 2010 and headquartered in Chennai, is one of the largest women's bottomwear brands in India, sold under the brand name "Go Colors". The company designs, sources, markets and retails a range of bottomwear products including churidars, leggings and pants, offered across more than 50 styles and 120 colours. As of mid-2021 the company operated over 450 exclusive brand outlets spread across 23 states, and held an estimated 8% share of the branded women's bottomwear market in India in Fiscal 2020. Beyond its own outlets, the company reaches customers through its website, online marketplaces and multi-brand retail chains such as Reliance Retail and Spencer's. The company's model centers on a dedicated single-brand retail network built specifically around women's bottomwear, a relatively underserved category compared to topwear, which has let it build a differentiated position among apparel retailers in India.
Ahead of the issue opening, the company raised about Rs 456 crore from anchor investors at the cap price of Rs 690 per share, including sovereign and institutional investors such as the Government of Singapore, the Monetary Authority of Singapore, Nomura, the Abu Dhabi Investment Authority and Fidelity, alongside domestic institutions including SBI Mutual Fund, HDFC Trustee, ICICI Prudential, Axis Mutual Fund and Aditya Birla Sun Life.
Source: RHP • Analysis provided for informational purposes
Last Updated: 23 October 2026, 9:03 PM
Category leadership in branded bottomwear
Operating as one of India's leading specialized women's bottomwear brands with an established presence across diverse retail formats.
Extensive nationwide store footprint
Direct presence across hundreds of exclusive brand outlets and large format stores provides broad consumer reach and strong operational control.
Pandemic impact on retail performance
Operations and earnings experienced disruption from store closures and pandemic-related restrictions affecting physical retail traffic.
Working capital and store expansion demands
Continuous rollout of retail outlets and inventory management across widespread locations require ongoing capital commitments.
Go Fashion (India) Limited
Sathak Center, 5th Floor, New No. 4, Old No. 144/2, Nungambakkam High Road, Chennai, Tamil Nadu 600034
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