Go Fashion IPO, an expensive bet on the apparel sector

ET Intelligence Group: Go Fashion, which sells women’s bottom wear under the brand Go Colors!, plans to raise Rs 125 crore through fresh equity to expand outlets and to meet working capital requirements. It will raise another Rs 888 crore through an offer for sale. Sequoia Capital which invested Rs 60 crore for 28 per cent stake in 2014 and ICICI Ventures which invested Rs 100 crore for 14 per cent stake will offload half of their holdings. The