Sure, here is a more detailed paraphrasing of the text:After three days of bidding, the Go Fashion IPO was subscribed **135.

46 times**.

The public issue, worth **₹1,013.

61 crore**, was subscribed **49.

70 times** in the retail category, **100.

73 times** in the Qualified Institutional Buyers (QIB) category, and **262.

08 times** in the Non-Institutional Investors (NII) category.

Meanwhile, in the grey market, the Go Fashion share price has corrected for the second consecutive day.

According to market observers, shares of Go Fashion are available at a premium of **₹380** in the grey market today.

They noted that the Go Fashion IPO grey market premium (GMP) today is **₹380**, which is **₹90** down from yesterday's grey market premium of **₹470**.

They mentioned that such a fall in the current nosediving market is quite expected.

They also said that the Go Fashion IPO grey market premium has remained around **₹500** since it became available for bidding.

This dip in the grey market price of the Go Fashion IPO is due to the fresh selloff on Monday.

They added that one should feel relieved as the fall in the Go Fashion grey market price is still not to the tune of the stock market fall.

Market observers went on to add that GMP reflects an expected listing gain from the public issue.

As the Go Fashion IPO GMP today is **₹380**, it means that the grey market is expecting that Go Fashion shares would list at around **₹1,070** (₹690 + ₹380), which is around **55%** higher from its upper price band.

However, market observers maintained that one should not look at the grey market premium as a concrete indicator about an IPO.

In fact, it's the financials of the company that give the actual picture of the company.

Highlighting the fundamentals in regard to the Go Fashion IPO, Nitin Shahi, Executive Director at Findoc, said, 'Go Fashion is one of the leading companies in the women's bottom-wear industry.

The company has a well-diversified product portfolio along with a multi-channel pan-India distribution network.

Moreover, the company has a demonstrated track record of strong financial performance.

Further, the retail women's bottom-wear market is a growing market.

The share of organized retailing within women's apparel has increased from **19%** in 2015 to **27%** in 2020 and is expected to reach **42%** by fiscal 2025.

'