As the IPO turf of consecutive initial stock sales continues for the past few weeks, two companies – Go Fashion (India) Ltd, which owns womenswear brand Go Colors, and Tarsons Products, will be launching their initial public offerings (IPOs). this week the same day on Wednesday November 17th.
IPOs this week –
Go fashion: Go Fashion (India) Ltd, which owns womenswear brand Go Colors, announced Friday that it has set a price range of ₹655-690 a share for his ₹1,014 crore initial public offering (IPO). The three-day initial sale of the shares will open for public subscription on November 17th and close on November 22nd.
The IPO includes the issuance of new equity shares up to ₹125 crore and an offer to sell up to 12,878,389 shares by the promoter and existing shareholders. The company is engaged in the development, design, sourcing, marketing and retailing of a range of lingerie products under the Go Colors brand.
Tarsons products: Leading life science company Tarsons Products, which will begin its initial public offering (IPO) on November 15 and end on November 17, has a price range of ₹635-662 a share for his ₹1,024 crore initial stock sale.
The IPO involves the issue of new shares worth ₹150 crore and an offer for sale (OFS) of 1.32 crore equity shares by promoter and an investor. Tarsons Products design, develop, manufacture and distribute a diverse range of high quality laboratory items used in laboratories by research organizations, academic institutes, pharmaceutical companies, diagnostic companies and hospitals.
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