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Go Digit General Insurance IPO Details 2024

IPO Status: Listed [15th May 2024 to 17th May 2024]

Rated 3/5 by Team InvestorGain
Go Digit General Insurance IPO Detail

Go Digit General Insurance IPO, a Mainline IPO of ₹2614.65 Cr was launced on 15-05-2024 to 17-05-2024 and the shares got listed on BSE, NSE on 23-05-2024.

The public issue of Go Digit General Insurance IPO (GODIGIT,544179) was offered at ₹272.00 per share and the ipo was listed at ₹286.00. It has delivered listing gain of 5.15%.

As the minimum lot size was 55 shares, the IPO has offered Rs 770.00 per lot return on listing.

Go Digit General Insurance IPO Details

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:
Allotment Status: Allotment Status
BSE Code: 544179
NSE Code: GODIGIT

Go Digit General Insurance IPO Important Dates

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.

Go Digit General Insurance IPO dates
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

Go Digit General Insurance IPO Lots

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)

Go Digit General Insurance IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
23-05-2024272.004200/2800₹276 (1.47%)23-May-2024 10:25
IPO Live GMP

**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.

About Company - Go Digit General Insurance

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.

Go Digit General Insurance IPO Strengths

  • Simple and tailored customer experience.
  • Our focus on empowering our distribution partners.
  • Predictive underwriting models.
  • Advanced technology platform .
  • A nimble organization with a skilled and experienced management team.
Incorporation Sector IPO Issue Size Website
2016 General Insurance ₹2614.65 Cr https://www.godigit.com/

Go Digit General Insurance IPO Objective

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. 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.

Our experts can help you prepare for SME IPO

Go Digit General Insurance IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 28,838,007 Shares
  • Non-Institutional Investors: 14,419,002 Shares
  • Retail Individual Investor: 9,612,668 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered28,838,007 (54.55%)14,419,002 (27.27%)9,612,668 (18.18%)52,869,677
115th May 2024 19:040.00x0.35x1.50x0.37x
216th May 2024 19:040.24x0.73x2.57x0.80x
317th May 2024 18:2112.56x7.24x4.27x9.60x

Go Digit General Insurance Limited Financial Information (Restated)

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
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 and Surplus2,391.972,383.611,975.07973.14
Total Borrowing200.00
Amount in ₹ Crore

Go Digit General Insurance IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Go Digit General Insurance Limited0.410.426.611.53
The New India Assurance Company Ltd6.366.36125.6438.475.13Consolidated
Star Health And Allied Insurance Company Limited10.710.4193.3553.7911.39Consolidated
Icici Lombard General Insurance Company Ltd35.2135.16211.648.1416.64Consolidated

Company Address

Go Digit General Insurance Limited
1 to 6 Floor, Ananta One, Pride Hotel Lane, Narveer Tanaji Wadi,
City Survey No.1579, Shivajinagar,
Pune,Maharashtra-411 005
India
Website: https://www.godigit.com/
Phone: +91 20 67495400
Email: [email protected]

Go Digit General Insurance IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]
Go Digit General Insurance IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Go Digit General Insurance? Should I apply in Go Digit General Insurance IPO?

Last Updated on 27-May-2024 07:02:44

FAQs

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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Apply in Go Digit General Insurance IPO online

To subscribe or apply in Go Digit General Insurance IPO, you can use the following methods:

MethodDetails
Go Digit General Insurance IPO Applying Mode
Online Application3-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 Application2-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 ApplicationASBA

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 ApplicationPhysical 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

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 55 and max 715 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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Go Digit General Insurance IPO is going to be list on 23-05-2024. NSE Code for Go Digit General Insurance is GODIGIT. BSE Code for Go Digit General Insurance is 544179.

Other relevant questions:

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Go Digit General Insurance IPO Allotment Date is 21-05-2024.

Other relevant questions:

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User Reviews

6. Seasoned investor May 12 2024 10:04:45 PM Reply
One of the worst IPO of this year!! Less than 10% ROE and more than 50x PE valuation multiple vs listed ICICI General Insurance and Star Health company - which are doing 15% ROE and trading at less PE multiple. Perfect recipe for disaster this IPO is. Not recommended
6.1. Pappu Pager May 21 2024 10:04:31 AM
Investor Sir,
You have said that worse IPO of this year but in Chittorgarh website, gmp is showing around 9% listing gain. I think investors should take listing gain by this ipo. What do you suggest... ?
6.2. Vinay Jain May 22 2024 09:10:21 AM
GMP is not the base to define the company/IPO. One should look for the company financials, business, peeres, PE,EPS and long term view.
5. Boopathy May 09 2024 02:02:51 AM Reply
Digit General Insurance IPO whether to invest or not.
5.1. Gopinath b May 09 2024 06:02:17 PM
One of the best ipo, should definitely invest
5.2. Surindar May 11 2024 01:03:39 AM
Not advisable to apply
4. Vijay Manglani  May 09 2024 02:02:51 AM Reply
Digit General Insurance IPO expected listing gain.
4.1. Surindar May 11 2024 01:01:25 AM
No gain
3. Surindar May 11 2024 12:56:15 AM Reply
Vary high rates. Low chances of any gain
2. SHASHIKANT YADAV May 09 2024 02:02:51 AM Reply
Please confirm Digit General Insurance IPO GMP (grey market premium) and kostak.
1. Sanjoy Kumar Sah  May 09 2024 02:02:51 AM Reply
Digit General Insurance IPO good or bad.