Go Digit General Insurance Limited IPO
Go Digit General Insurance Limited IPO is listed on BSE and NSE, priced at ₹258–₹272 per share. The stock debuted at ₹286, delivering a listing gain of 5.1%. The IPO had a lot size of ₹55 shares and a minimum investment of ₹14,960.
Go Digit General Insurance Limited IPO
- IPO Dates
- May 15, 2024 – May 17, 2024
- Price band
- ₹258-272 per equity share
- Minimum Investment
- ₹14,960
- Issue size
- ₹2614.65 Cr
- Lot size
- 55
- Allotment Date
- May 21, 2024
- Listing
- May 23, 2024
- Listing At
- BSE, NSE
IPO timeline
-
May 15, 2024
Open Date
Completed
-
May 17, 2024
Close Date
Completed
-
May 21, 2024
Allotment Date
Completed
-
May 23, 2024
Listing Date
Completed
Price Summary
- Last closing
- 315.00 (15.81%)
- 52 week high
- 381.40
- 52 week low
- 293.70
- Last update
Go Digit General Insurance Limited IPO Essentials
Go Digit General Insurance Limited IPO Details
Go Digit General Insurance Limited IPO is priced at ₹258-272 per share with a total issue size of 2614.65 crore. The IPO has a lot size of 55 shares and is listed on BSE and NSE.
- Issue price
- ₹258-272 per equity share
- Lot size
- 55 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹2,614.65 Cr :
#Fresh Issue : 41,360,294 shares(aggregating up to ₹1,125.00 Cr) +
#OFS : 54,766,392 shares of ₹10(aggregating up to ₹1,489.65 Cr) - Total issue size
- 9,61,26,686 shares
(aggregating up to ₹2614.65 crore) - Fresh issue
- 4,13,60,294 shares
(aggregating up to ₹1125 crore) - Offer for sale (OFS)
- 5,47,66,392 shares
(aggregating up to ₹1489.65 crore) - Listing at
- BSE, NSE
- List price
- 286.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Edelweiss Financial Services Ltd, Hdfc Bank Limited, Iifl Securities Ltd
Market Lot Size
Investors can bid for a minimum of 55 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 55 | ₹14,960 |
| Retail(max) | 13 | 715 | ₹1,94,480 |
Go Digit General Insurance Limited IPO Reservation
Go Digit General Insurance Limited IPO reservation details show category-wise allocation of shares. Out of the total 96,126,686 shares, approximately 30% are reserved for QIB, 15% for NII, 10% for retail investors, and 45% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 43,257,009 (45%) | |
| QIB Shares Offered | 28,838,007 (30%) | |
| NII (HNI) Shares Offered | 14,419,002 (15%) | |
| bHNI > ₹10L | 9,612,668 (10%) | 12,483 |
| sHNI < ₹10L | 4,806,334 (5%) | 6,241 |
| Retail Shares Offered | 9,612,668 (10%) | 174,775 |
| Total Shares Offered | 96,126,686 (100%) |
Go Digit General Insurance Limited IPO Analytics
Go Digit General Insurance Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Go Digit General Insurance Limited IPO Subscription Status
Go Digit General Insurance Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 28,838,007 |
14,419,002
9,612,668
4,806,334
|
9,612,668 | 52,869,677 |
|
Day 1
15-05-24 05:00 PM
|
0.00 x |
0.35x
0.31x
0.42x
|
1.49 x | 0.37 x |
|
Day 2
16-05-24 05:00 PM
|
0.24 x |
0.73x
0.64x
0.90x
|
2.54 x | 0.79 x |
|
Day 3
17-05-24 05:00 PM
|
12.56 x |
7.23x
8.28x
5.14x
|
4.26 x | 9.60 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 5,84,799 (Approx) | —x | —x | 3.35x |
Go Digit General Insurance Limited Valuations
Earnings
- EPS Pre IPO
- ₹0.41/-
- EPS Post IPO
- ₹1.88/-
- P/E Pre IPO
- 670.31
- P/E Post IPO
- 145.03
Returns
- RoNW
- 5.25%
Fundamentals
- Price / Book
- 9.67
Go Digit General Insurance Limited Financials( In Crs.)
| 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|---|
| 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 & Surplus | 2,391.97 | 2,383.61 | 1,975.07 | 973.14 |
| Total Borrowing | 200.00 | N/A | N/A | N/A |
Go Digit General Insurance Limited Company & Offer Insights
About Go Digit General Insurance Limited
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.
The company has currently launched a total of 74 active products across all its business lines.
As of December 31, 2023, the company had about 61,972 partners, including 58,532 POSPs and other agents.
As of December 31, 2023, the company had a distribution centers in 24 states and union territories in India.
As of Dec 31, 2023, company had 473 active bots to automate tasks for functions and partners.
As of December 31, 2023, the company currently operates 75 offices throughout India.
Go Digit General Insurance Limited Promoter(s)
Kamesh Goyal, GoDigit Infoworks Services Private Limited, Oben Ventures LLP And FAL Corporation are the company's promoters of Go Digit General Insurance Limited.
Go Digit General Insurance Limited IPO Issue Objectives
- •
- To undertake its existing business activities
- •
- To undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, which, we believe, will result in the enhancement of the visibility and its brand image among its existing and potential customers.
Go Digit General Insurance Limited IPO - Anchor Investors
Go Digit raises Rs 1,176 crore from anchor investors.
Go Digit has raised about Rs 1,176 crore in its follow-on public offering from 56 anchor investors including Fidelity, Abu Dhabi Investment Authority (ADIA) and hedge fund Bay Pond Partners.
This included the American multinational Fidelity Investments-backed fund which got the highest allocation of 7.95 percent, followed by Goldman Sachs Funds (5.31 percent), ADIA (5.31 percent), Custody Bank of Japan (4.25 percent) and Bay Pond Partners (4.11 percent).
Go Digit General Insurance Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Go Digit General Insurance Limited | 0.41 | 0.4 | 26.61 | N/A | N/A | N/A | Standalone |
| The New India Assurance Company Ltd | 6.36 | 6.36 | 125.64 | 38.47 | 5.13 | 1.95 | Consolidated |
| Star Health And Allied Insurance Company Limited | 10.7 | 10.41 | 93.35 | 53.79 | 11.39 | 6 | Consolidated |
| Icici Lombard General Insurance Company Ltd | 35.21 | 35.16 | 211.6 | 48.14 | 16.64 | 8 | Consolidated |
Notes:
- The P/E Ratio for listed peers is calculated as closing share price (April 26, 2024, - BSE) divided by the Diluted EPS for the year ended March 31, 2023.
- Return on Net Worth (%) = Net profit after tax / Average shareholders' equity (including minority interest) as restated at year/period end.
- NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
- Net worth means the aggregate value of the paid-up share capital of the Company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, miscellaneous expenditure not written off, as per the restated balance sheet.
Go Digit General Insurance Limited IPO - Strengths and Risks
Go Digit General Insurance Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Go Digit General Insurance Limited
+91 20 67495400
1 to 6 Floor, Ananta One, Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579 Shivajinagar, Pune 411005
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Go Digit General Insurance Limited IPO is a book-built IPO worth ₹2614.65 crore. The price band is ₹258–₹272 per share. The IPO opens on May 15, 2024 and closes on May 17, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Go Digit General Insurance Limited IPO is ₹258 to ₹272 per share.
The lot size of Go Digit General Insurance Limited IPO is 55 shares.
The minimum investment for Go Digit General Insurance Limited IPO is approximately ₹14,960 based on the upper price band .
Go Digit General Insurance Limited IPO opens on May 15, 2024 and closes on May 17, 2024.
The allotment date of Go Digit General Insurance Limited IPO is May 21, 2024.
Go Digit General Insurance Limited IPO is expected to be listed on May 23, 2024, on BSE and NSE .
Go Digit General Insurance Limited IPO listed on May 23, 2024. It was issued at ₹286.0(NSE) and is currently around ₹315.00 as on 14-May-2026 3:30 PM, which is approximately 15.8% versus issue price. The 52-week high is ₹381.40.
Based on listing and post-listing performance, Go Digit General Insurance Limited IPO delivered around 15.8% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Go Digit General Insurance Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Go Digit General Insurance Limited IPO valuation snapshot: P/E 145.03, EPS ₹1.88/-, P/B 9.67, RoNW 5.25%, and market cap N/A.
To apply for Go Digit General Insurance Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Go Digit General Insurance Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Go Digit General Insurance Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Go Digit General Insurance Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Go Digit General Insurance Limited IPO allotment status on IPO Ji for quick and easy access.