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This Article is From Nov 16, 2021

Go Fashion IPO - Market Leader In Women’s Bottom-Wear Space: ICICI Direct

Go Fashion IPO - Market Leader In Women’s Bottom-Wear Space: ICICI Direct
Customers look at clothes displayed on mannequins at a hypermarket in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct's IPO Report

Go Fashion India Pvt. Ltd. is a one stop shop for women's bottom-wear under the brand ‘Go Colors'. It is among the few apparel players in India to have identified the market opportunity in women's bottom-wear and acted as a ‘category creator' for the same.

Widespread distribution network consisting of 459 exclusive branded outlets (70% of revenue) and available in 1200 plus large format stores' (22% of revenue).

Strong operating metrics with one of the industry's highest revenue/square feet (~Rs 17000/sq ft. as on FY20) and healthy operating margins (~21% pre-Ind accounting standard 116).

Go Fashion is a capital efficient business model with return on equity of ~18% as on FY20.

Click on the attachment to read the full IPO report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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