Go Digit General Insurance IPO vs Stanley Lifestyles IPO

Comparison between Go Digit General Insurance IPO and Stanley Lifestyles IPO.

IPO Details

Go Digit General Insurance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Stanley Lifestyles IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Go Digit General Insurance IPO is up to ₹2,614.65 Cr whereas the issue size of the Stanley Lifestyles IPO is up to ₹537.02 Cr. The final issue price of Go Digit General Insurance IPO is ₹272.00 per share and of Stanley Lifestyles IPO is ₹369.00 per share.

 Go Digit General Insurance IPOStanley Lifestyles IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹258.00 per share₹351.00 per share
Issue Price (Upper)₹272.00 per share₹369.00 per share
Issue Price (Final)₹272.00 per share₹369.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size55 shares40 shares
Fresh Issue Size4,13,60,294 shares54,20,054 shares
Fresh Issue Size (Amount)up to ₹1,125.00 Crup to ₹200.00 Cr
OFS Issue Size5,47,66,392 shares91,33,454 shares
OFS Issue Size (Amount)up to ₹1,489.65 Crup to ₹337.02 Cr
Issue Size Total9,61,26,686 shares1,45,53,508 shares
Issue Size Total (Amount)up to ₹2,614.65 Crup to ₹537.02 Cr

IPO Timetable

Go Digit General Insurance IPO opens on May 15, 2024, while Stanley Lifestyles IPO opens on Jun 21, 2024. The closing date of Go Digit General Insurance IPO and Stanley Lifestyles IPO is May 17, 2024, and Jun 25, 2024, respectively.

 Go Digit General Insurance IPOStanley Lifestyles IPO
Anchor Bid DateMay 14, 2024Jun 20, 2024
Issue OpenMay 15, 2024Jun 21, 2024
Issue CloseMay 17, 2024Jun 25, 2024
Basis Of Allotment (Tentative)May 21, 2024Jun 26, 2024
Initiation of Refunds (Tentative)May 22, 2024Jun 27, 2024
Credit of Share (Tentative)May 22, 2024Jun 27, 2024
Listing date (Tentative)May 23, 2024Jun 28, 2024
Anchor Lockin End date 1Jun 20, 2024Jul 26, 2024
Anchor Lockin End date 2Aug 19, 2024Sep 24, 2024

Financials & KPIs

Go Digit General Insurance IPO P/E ratio is 670.31, as compared to Stanley Lifestyles IPO P/E ratio of 54.43.

 Go Digit General Insurance IPOStanley Lifestyles IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,619.953,346.752,919.011,874.80
Total Income130.8339.19-293.64-118.55
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

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets581.54458.19422.15346.52
Total Income322.29425.62297.76201.71
Profit After Tax18.7034.9823.221.92
NET Worth237.21216.50199.76182.93
Reserves and Surplus225.83207.88191.31174.96
Total Borrowing30.909.376.090.25
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.3167.36
Promoter Shareholding (Post-Issue)56.81
P/E Ratio670.3154.43
Market Cap₹24947.90 Cr.₹2103.94 Cr.
ROE7.92%
ROCE8.63%
Debt/Equity0.86
EPS₹0.41₹6.78
RoNW5.25%8.34%

Shares Offered

In the Go Digit General Insurance IPO Retail Individual Investors (RII) are offered 96,12,668 shares while in Stanley Lifestyles IPO retail investors are offered 96,12,668 shares. Qualified Institutional Buyers (QIB) are offered 2,88,38,007 shares in Go Digit General Insurance IPO and 29,10,702 shares in Stanley Lifestyles IPO.

 Go Digit General Insurance IPOStanley Lifestyles IPO
Anchor Investor Reservation4,32,57,009 shares43,66,051 shares
Market Maker Reservation
QIB2,88,38,007 shares29,10,702 shares
NII1,44,19,002 shares21,83,027 shares
RII96,12,668 shares50,93,728 shares
Employee
Others
Total9,61,26,686 shares1,45,53,508 shares

Bids Received (Subscription)

Go Digit General Insurance IPO subscribed 9.60x in total, whereas Stanley Lifestyles IPO subscribed 97.16x.

 Go Digit General Insurance IPOStanley Lifestyles IPO
QIB (times)12.56x215.62x
NII (times)7.24x121.42x
Big NII (times)8.28x136.75x
Small NII (times)5.15x90.76x
RII (times)4.27x19.08x
Employee (times)
Other (times)
Total (times)9.60x97.16x

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