Go Digit General Insurance Ltd

Insurance

Offer Period :

15th to 5th May 2024

Go Digit is a technology-driven insurance company which strives to redesign the long, paper-heavy and cumbersome process of applying for an insurance policy into a simplified one. They offer insurance plans for health, two-wheelers, cars, commercial vehicles, international travel and more with a reimagined approach. Read more... With an aim “to make insurance simple”, it is one of the fast-growing companies in the top 10 private general insurance companies in terms of Gross Written Premium (GWP).Read less

Go Digit General Insurance Ltd IPO Details

IPO Date 15th to 5th May 2024 Minimum Investment ₹14960 / 1 Lots
Listing Date 2024-05-23 Maximum Investment ₹194480 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹2614.65 Crores
Price ₹272 to ₹272 per share Fresh Issue ₹1125 Crores
Lot Size 1 Lots (55 Shares) Offer For Sale ₹ 1489.65
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 15th to 5th May 2024
Listing Date 2024-05-23
Face Value ₹10 per share
Price ₹272 to ₹272 per share
Lot Size 1 Lots (55 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14960 / 1 Lots
Maximum Investment ₹194480 / 13 Lots
Total Issue Size ₹2614.65 Crores
Fresh Issue ₹1125 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

15th May

IPO Starts

17th May

IPO Ends

21st May

Allotment Date

22nd May

Initiation of Refund

22nd May

Credit of Shares to Demat Account

23rd May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 83.3 0
Public Group 16.7 100

Go Digit General Insurance Ltd IPO Reservation

QIB Shares Offered 28838006(30%)
NII (HNI) Shares Offered 14419003(15%)
Retail Shares Offered 9612669(10%)
Anchor Investor Shares Offered 43257010(45%)
Total Shares Offered 96126688
Total Shares With Anchor Investor 96126688

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Go Digit General Insurance Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id godigit.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Go Digit General Insurance Ltd IPO Lead Manager

1. ICICI Securities Ltd

2. Morgan Stanley India Company Pvt Ltd

3. Axis Capital Ltd

4. Nuvama Wealth Management Ltd

5. HDFC Bank Ltd

6. IIFL Securities Ltd

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Go Digit General Insurance Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Go Digit General Insurance Ltd

1. Simple and Tailored Customer Experience.

2. Its Focus on Empowering its Distribution Partners.

3. Predictive Underwriting Models.

4. Advanced Technology Platform.

5. A nimble organization with a skilled and experienced management team.

Risks Involved

1. The company has a track record of reporting losses and, its may not be able to maintain profitability in the future. Its limited operating history makes it difficult to accurately evaluate its future business prospects.

2. Its loss reserves are based on estimates as to future claims liabilities and if they prove inadequate, it could lead to further increases in reserves and materially adversely affect its results of operations.

3. The company is required to meet the mandatory control level of solvency margin as prescribed under the Insurance Act and the company could be subject to regulatory actions and could be forced to stop transacting any new business or change its business strategy which can slow down the companay's growth.

4. Catastrophic events, including natural disasters, terrorist attack or nuclear disaster, could materially increase its liabilities for claims by customers, result in losses in its investment portfolios, and have a material adverse effect on its business, financial condition and results of operations.

5. There are outstanding legal proceedings involving the Company, its Promoters and its Directors, which may have a material impact on the Company.

6. The company has received cautions, warnings and show-cause notices from the IRDAI due to alleged non-compliance with various regulatory prescriptions in the past, and IRDAI has imposed penalties in certain cases, and the company may be subject to such regulatory action in the future.

7. The company is subject to extensive supervision and regulatory inspections (onsite and offsite, thematic or otherwise) by the IRDAI.

8. The company relies on motor vehicle insurance products for a substantial amount of its revenues and profitability. Any constraint on sale of these products due to future changes in regulation or customer preference, or any inability to maintain a profitable portfolio mix of products, could have a material adverse effect on its business, financial condition, results of operations and prospects.

9. If any of its Promoters sell a controlling interest in GDISPL to a third party, the Company may become, jointly or solely, subject to the control of a presently unknown third party, which could dilute the shareholding of its Promoters, and would adversely affect its business and future prospects.

10. The company may fail to comply with applicable IRDAI regulations in relation to marketing or sale of insurance products.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Go Digit General Insurance Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-23 544179 GODIGIT
INE03JT01014
₹272 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹272 ₹272
Open ₹281.1 ₹286
Low ₹281.1 ₹280
High ₹314 ₹314
Low ₹281.1 ₹280

Frequently Asked Questions

What is Go Digit General Insurance Ltd IPO?

Answer Field

Go Digit General Insurance Ltd IPO is a Mainboard IPO of 9,61,26,688 equity shares of a face value of ₹10 aggregating up to ₹2614.65 Crores. The issue is priced at ₹272 to ₹272 per share. The minimum order quantity is 55 Shares. The IPO opens on May 15, 2024, and closes on May 17, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Go Digit General Insurance Ltd IPO will open?

Answer Field

The Go Digit General Insurance Ltd IPO opens on May 15, 2024 and closes on May 17, 2024.

What is the lot size of Go Digit General Insurance Ltd?

Answer Field

Go Digit General Insurance Ltd lot size is 55 shares, and the minimum amount required is ₹14,960.

How to apply for Go Digit General Insurance Ltd IPO?

Answer Field

You can apply in Go Digit General Insurance Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Go Digit General Insurance Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Go Digit General Insurance Ltd IPO will be done on May 21, 2024, and the allotted shares will be credited to your demat account by May 22, 2024.

When is Go Digit General Insurance Ltd IPO listing date?

Answer Field

The Go Digit General Insurance Ltd listing date is May 23, 2024.

Who is the registrar of Go Digit General Insurance Ltd IPO?

Answer Field

The registrar of Go Digit General Insurance Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,Morgan Stanley India Company Pvt Ltd,Axis Capital Ltd,Nuvama Wealth Management Ltd,HDFC Bank Ltd,IIFL Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Go Digit General Insurance Ltd IPO?

Answer Field

The fresh issue size is ₹1125 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Go Digit General Insurance Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 55 shares and ₹14,960 amount.

How can I approve the UPI mandate request for Go Digit General Insurance Ltd IPO?

Answer Field

To apply for Go Digit General Insurance Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Go Digit General Insurance Ltd?

Answer Field

The price of each Go Digit General Insurance Ltd share will be ranging in between ₹272 to ₹272 per share.

What is the cut-off time for the UPI mandate for Go Digit General Insurance Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 17, 2024.

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