Go Digit General Insurance IPO GMP Today,  Go Digit General Insurance IPO Grey Market Premium Updates |  Go Digit General Insurance IPO, Latest target, Opening gain

Go Digit General Insurance IPO began on 15 May 2024. It will close on 17 May 2024. The Total IPO Size is ₹2,614.65 Crore Approx. The company set its IPO price is ₹258 to ₹272 per share Per Share. There are three basic categories in Go Digit IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
Incorporated in December 2016, Go Digit General Insurance Limited is an insurance provider offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products, which customers can customize to meet their needs.

As of December 31, 2023, the company had about 61,972 partners, including 58,532 POSPs and other agents. As of Dec 31, 2023, company had 473 active bots to automate tasks for functions and partners.

The company has currently launched a total of 74 active products across all its business lines. As of December 31, 2023, the company had a distribution centers in 24 states and union territories in India.

As of March 31, 2023 and December 31, 2023, the company had 3,333 and 3,957 employees, respectively. As of December 31, 2023, the company currently operates 75 offices throughout India.

Go Digit General Insurance IPO Details:

Issuer Go Digit General Insurance IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: 15 May 2024
Issue Closes: 17 May 2024
Price Brand ₹258 to ₹272 per share
Issue Size ₹2,614.65 Cr
Face Value ₹10 per share
Market Lot 55 Shares
Retail (Max) ₹194,480
QIB 75%
HNI 15%
Retail Individual Bidders 10%
Listing at NSE & BSE
✔️ Apply With ANGEL Free DEMAT Account
Total Shares 96,126,686 shares

Go Digit General Insurance IPO GMP Rates day by day

Go Digit General Insurance IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 55 ₹14,960
Retail (Max) 13 715 ₹191,360
S-HNI (Min) 14 770 ₹209,440
S-HNI (Max) 66 3,630 ₹987,360
B-HNI (Min) 67 3,685 ₹1,002,320

Go Digit General Insurance IPO Date, Allotment & Listing:

Go Digit General Insurance IPO Opening Date: May 15, 2024
Go Digit General Insurance IPO Closing Date: May 17, 2024
Basis of Allotment: May 21, 2024
Initiation of Refunds: May 22, 2024
Credit to Demat Account: May 22, 2024
Listing Date: May 23, 2024

Go Digit General Insurance Limited Financial Information (Restated Consolidated)

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

Key Performance Indicator

The market capitalization of Go Digit IPO is Rs 24947.9 Cr.

KPI as of December 31, 2023.

KPI Values
RoNW 5.25%
P/BV 9.67
Pre IPO Post IPO
EPS (Rs) 0.41 1.88
P/E (x) 670.31 145.03

Objects of the Issue (Go Digit IPO Objectives)

The Company proposes to utilise the Net Proceeds towards the following objects

  1. To undertake its existing business activities; and
  2. To undertake the activities proposed to be funded from the Net Proceeds.
  3. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, which, the company believes, will enhance the visibility and its brand image among its existing and potential customers.

GO DIGIT GENERAL INSURANCE IPO ALLOTMENT STATUS

How to Apply for Go Digit General Insurance IPO?

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How to Apply Go Digit General Insurance IPO through Zerodha?

Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Go Digit General Insurance”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.

How to Apply Go Digit General Insurance IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Go Digit General Insurance”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.



In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Frequently Asked Questions

What is Go Digit General Insurance IPO?

Go Digit General Insurance IPO is a main-board initial public offering of 96,126,686 Equity shares of the face value of ₹10 aggregating up to ₹2,614.65 Crores. The issue price of the IPO is ₹258 to ₹272 Per Equity Share. The minimum order quantity is 55 Shares per application and the offer type is Book Built Issue. The IPO opens on May 15, 2024 and closes on May 17, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Go Digit General Insurance IPO will open?

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

How to apply for Go Digit General Insurance IPO?

You can apply in Go Digit General Insurance IPO online using either UPI or ASBA as payment method. ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Hdfc Bank Limited, Iifl Securities Ltd and Nuvama Wealth Management Limited are the book running lead managers of the Go Digit IPO, while Link Intime India Private Ltd is the registrar for the issue.

When Go Digit General Insurance IPO allotment?

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

When is Go Digit General Insurance IPO listing date?

The Go Digit General Insurance IPO listing date is not yet announced. The tentative date of Go Digit General Insurance IPO listing is May 23, 2024.

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

Go Digit General Insurance IPO lot size is 55 Shares and the minimum order quantity is 1 Shares.