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IPO Status: Closed [15th May 2024 to 17th May 2024]
Go Digit General Insurance IPO, a Mainline IPO of ₹2614.65 Cr opens for subscription from 15-05-2024 to 17-05-2024. The IPO consists of ₹1125.00 Cr fresh issue and ₹1489.65 Cr offer for sale.
The face value is Rs 10 and the price band is fixed at 258.00-272.00 per share. You can apply to the Go Digit General Insurance Mainline IPO for a minimum lot of 55 shares amounting of Rs 14960.
The tentative listing date on the exchange (BSE, NSE) is 23-05-2024.Stay tuned with us to get more details about Go Digit General Insurance Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| IPO Issue Opening Date: | 15th May 2024 |
| IPO Issue Closing Date: | 17th May 2024 |
| IPO Issue Price: | ₹258.00-272.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹2614.65 Cr |
| Offer for Sale: | ₹1489.65 Cr |
| Fresh Issue: | ₹1125.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 83.31% |
| Promoter Holding Post IPO: |
Get important updates regarding Go Digit General Insurance IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 21st May 2024 |
| Refunds Initiation* | 22nd May 2024 |
| Credit of Shares to Demat* | 22nd May 2024 |
| IPO Listing Date* | 23rd May 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹258.00-272.00 |
| Market Lot: | 55 Shares |
| 1 Lot Amount: | ₹14960 |
| Min Small HNI Lots(2-10 Lakh): | 770 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 3685 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 20-05-2024 | 272.00 | 24 | 1000/14000 | ₹296 (8.82%) | 20-May-2024 15:26 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Go Digit General Insurance Limited was founded in 2016. The company is one of the leading full-stack digital insurance companies, using its technology to develop an innovative approach to product design, distribution and customer experience for non-life insurance products. Full-stack insurers are insurance companies that are fully licensed and controlled by a regulator and conduct sourcing, underwriting and servicing entirely in-house. Digital full-stack insurers are insurance companies that focus on integrating technology into their operations.
They offer car insurance, health insurance, travel insurance, property insurance, transportation insurance, liability insurance and other insurance products that customers can tailor to their needs. The company has designed its business model to minimize dependence on a single line of business.
The company's primary objective is to simplify insurance documentation by implementing innovative methods. They strive to make the language used in insurance contracts comprehensible to everyone, even a teenager who is 15 years old. Insurance policy documents are often filled with specialized jargon that is challenging for policyholders to grasp. In response to this problem, the company conducted a study with children aged 8 to 15. They asked them to read and rate their insurance documents' comprehensibility to make the documents more straightforward and easier for people to understand.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | General Insurance | ₹2614.65 Cr | https://www.godigit.com/ |
The Company proposes to utilise the Net Proceeds towards the following objects
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 28,838,007 (54.55%) | 14,419,002 (27.27%) | 9,612,668 (18.18%) | 52,869,677 | |
| 1 | 15th May 2024 19:04 | 0.00x | 0.35x | 1.50x | 0.37x |
| 2 | 16th May 2024 19:04 | 0.24x | 0.73x | 2.57x | 0.80x |
| 3 | 17th May 2024 18:21 | 12.56x | 7.24x | 4.27x | 9.60x |
Go Digit General Insurance Limited's revenue increased by 113.35% and profit after tax (PAT) rose by 112.01% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,619.95 | 3,346.75 | 2,919.01 | 1,874.80 |
| Revenue | 130.83 | 39.19 | -293.64 | -118.55 |
| Profit After Tax | 129.02 | 35.54 | -295.85 | -122.76 |
| Net Worth | 2,459.34 | 2,325.47 | 1,866.87 | 1,134.57 |
| Reserves and Surplus | 2,391.97 | 2,383.61 | 1,975.07 | 973.14 |
| Total Borrowing | 200.00 | |||
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Go Digit General Insurance Limited | 0.41 | 0.4 | 26.61 | 1.53 | ||
| The New India Assurance Company Ltd | 6.36 | 6.36 | 125.64 | 38.47 | 5.13 | Consolidated |
| Star Health And Allied Insurance Company Limited | 10.7 | 10.41 | 93.35 | 53.79 | 11.39 | Consolidated |
| Icici Lombard General Insurance Company Ltd | 35.21 | 35.16 | 211.6 | 48.14 | 16.64 | Consolidated |
Last Updated on 20-May-2024 15:32:50
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Go Digit General Insurance IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Go Digit General Insurance IPO with Zerodha.
Alternate approch to apply in Go Digit General Insurance IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Go Digit General Insurance IPO Review and Important Updates
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To subscribe or apply in Go Digit General Insurance IPO, you can use the following methods:
| Go Digit General Insurance IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Go Digit General Insurance IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Go Digit General Insurance IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Go Digit General Insurance IPO. Most of the Syndicate Banks provide access to apply in Go Digit General Insurance IPO via ASBA process. You must have your net banking access, DP ID information to apply in Go Digit General Insurance IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Go Digit General Insurance IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Go Digit General Insurance IPO Review and Important Updates
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Applying in Go Digit General Insurance IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Go Digit General Insurance IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Go Digit General Insurance IPO, please refer article >> Link
Go Digit General Insurance IPO Review and Important Updates
Steps to download the online application form for Go Digit General Insurance IPO
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Go Digit General Insurance IPO is going to be list on 23-05-2024.
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Go Digit General Insurance IPO Allotment Date is 21-05-2024.
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