IPO

Go Digit General Insurance Limited IPO

Mainboard

General Insurance

Listed On: May 23, 2024 at ₹ 286.0(NSE)

₹ 14960 /55 Shares

Check Allotment

15 May, 2024

Open Date

17 May, 2024

Close Date

21 May, 2024

Allotment Date

23 May, 2024

Listing Date
Price Summary

Last Closing

360.75 (32.63%)

52 Week High

381.40

52 Week Low

264.60

Last Update

7-Nov-2025 3:30 PM
Go Digit General Insurance Limited IPO Issue Details
  • Issue Price ₹258-272 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 9,61,26,686 shares(aggregating up to ₹2614.65 crore)
  • Fresh Share 4,13,60,294 shares(aggregating up to ₹1125 crore)
  • Offer For Sale 5,47,66,392 shares(aggregating up to ₹1489.65 crore)
  • Listing at BSE, NSE
  • List Price 286.0(NSE)
  • Listing Date 2024-05-23
  • Lead Manager ICICI Securities Limited
    Morgan Stanley India Company Pvt Ltd
    Axis Capital Limited
    Edelweiss Financial Services Ltd
    Hdfc Bank Limited
    Iifl Securities Ltd
  • Registrar Link Intime India Private 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.

ApplicationLotsSharesAmount
Retail (min) 155₹14,960
Retail(max)13715₹1,94,480
Go Digit General Insurance Limited IPO Reservation

Go Digit General Insurance Limited IPO offers total 96,126,686 shares. Out of which 28,838,007 (30%) allocated to QIB, 14,419,002 (15%) allocated to NII,9,612,668 (10%) allocated to RII, NA (NA%) allocated to employees and 43,257,009 (45%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered43,257,009 (45%)
QIB Shares Offered28,838,007 (30%)
NII (HNI) Shares Offered14,419,002 (15%)
bNII < ₹10L9,612,668 (10%)
sNII < ₹10L4,806,334 (5%)
Retail Shares Offered9,612,668 (10%)
Total Shares Offered96,126,686 (100%)
Go Digit General Insurance Limited IPO Documents
DRHP
RHP
ANCHOR
Go Digit General Insurance Limited IPO Details


Go Digit General Insurance Limited IPO is a book-built issue of ₹2614.65 crores, The total issue size is ₹2614.65 crores. The IPO of Go Digit General Insurance Limited is priced at ₹258-272 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from May 15, 2024 and ends on May 17, 2024. The allotment for Go Digit General Insurance Limited IPO will be finalized on May 21, 2024. Go Digit General Insurance Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 23, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 55 shares, extendable to 14,960. The book-running lead manager for the IPO is/are ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Edelweiss Financial Services Ltd, Hdfc Bank Limited, Iifl Securities Ltd.

The total issue ₹2614.65 crore, comprising a fresh issue of 4,13,60,294 shares ₹1125 crore and having Offer for Sale (OFS) of 5,47,66,392 shares to mop up ₹1489.65 crore.

The Go Digit General Insurance Limited IPO sets its price band at 258-272 for each share. A single application for Go Digit General Insurance Limited IPO must contain at least 55 shares. Sentiment investors need to invest a minimum of 55 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,960

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Go Digit General Insurance Limited IPO Subscription Analysis And Details
Retail
4.26x
QIB
12.56x
NII
7.23x
bNII
8.28x
sNII
5.14x
Total
9.60x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved28,838,00714,419,002
9,612,668    4,806,334		9,612,66852,869,677
Day 1 15-05-24 05:00 PM
0.00 x0.35
0.31 x   0.42 x		1.49 x0.37 x
Day 2 16-05-24 05:00 PM
0.24 x0.73
0.64 x   0.90 x		2.54 x0.79 x
Day 3 17-05-24 05:00 PM
12.56 x7.23
8.28 x   5.14 x		4.26 x9.60 x
Total No of Applications
5,84,799
Subscription on the basis of Applications
Retail:3.35x BHNI:1.56x SHNI:4.74x
Go Digit General Insurance Limited Valuations
EPS Pre IPO ₹0.41/-
EPS Post IPO ₹1.88/-
P/E Pre IPO 670.31
P/E Post IPO 145.03
RoNW 5.25%
Price to Book Value 9.67
Go Digit General Insurance Limited Company Financials
In Crs.
In Cr.
31-Dec-2331-Mar-2331-Mar-2231-Mar-21
Assets3,619.953,346.752,919.011,874.80
Revenue130.8339.19-293.64-118.55
Profit After Tax129.0235.54-295.85-122.76
Net Worth2,459.342,325.471,866.871,134.57
Reserves & Surplus2,391.972,383.611,975.07973.14
Total Borrowing200.00N/AN/AN/A
About Go Digit General Insurance Limited Company

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.

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Go Digit General Insurance Limited - Promoter(s)

Kamesh Goyal

GoDigit Infoworks Services Private Limited

Oben Ventures LLP And FAL Corporation

Pre Issue Share Holding : 83.31%

Post Issue Share Holding : N/A%

Go Digit General Insurance Limited IPO - Issue Objectives
1

To undertake its existing business activities

2

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 NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Go Digit General Insurance Limited0.410.426.61N/AN/AN/AStandalone
The New India Assurance Company Ltd6.366.36125.6438.475.131.95Consolidated
Star Health And Allied Insurance Company Limited10.710.4193.3553.7911.396Consolidated
Icici Lombard General Insurance Company Ltd35.2135.16211.648.1416.648Consolidated

Notes:

  1. 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.
  2. Return on Net Worth (%) = Net profit after tax / Average shareholders' equity (including minority interest) as restated at year/period end.
  3. NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
  4. 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.
Strength
Go Digit offers customizable products, achieving high net promoter scores of 73.3% for non-claims and 93.1% for motor claims.
The company tailors customer journeys and provides access to tools, training, and self-service options, managing more than 600 POSPs per relationship manager.
Leveraging extensive data and AI, Go Digit accurately assesses risk, automates underwriting, and identifies profitable business, enhancing strategic decision-making.
With 473 active AI-driven microsystems, Go Digit streamlines processes, offers paperless solutions, and introduces innovative products, maintaining an agile, customer-centric approach.
Weakness
Go Digit General Insurance faces profitability challenges due to historical losses, uncertain future prospects, and potential difficulty in evaluating business performance.
The company's operating results are volatile, with fluctuating profit/loss figures and low operating profit ratios, indicating operational instability and potential financial strain.
Inadequate loss reserves estimation poses a significant risk, potentially leading to increased liabilities, pricing adjustments, and adverse effects on financial condition.
Exposure to catastrophic events, including natural disasters and terrorism, may result in substantial claims, investment losses, and operational disruptions, impacting financial stability adversely.
Contact Details

Go Digit General Insurance Limited

1 to 6 Floor, Ananta One, Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579 Shivajinagar, Pune 411005

+91 20 67495400

cs@godigit.com

https://www.godigit.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

godigit.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html