Go Digit General Insurance IPO vs Le Travenues Technology IPO

Comparison between Go Digit General Insurance IPO and Le Travenues Technology IPO.

IPO Details

Go Digit General Insurance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Le Travenues Technology 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 Le Travenues Technology IPO is up to ₹740.10 Cr. The final issue price of Go Digit General Insurance IPO is ₹272.00 per share and of Le Travenues Technology IPO is ₹93.00 per share.

 Go Digit General Insurance IPOLe Travenues Technology IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹258.00 per share₹88.00 per share
Issue Price (Upper)₹272.00 per share₹93.00 per share
Issue Price (Final)₹272.00 per share₹93.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size55 shares161 shares
Fresh Issue Size4,13,60,294 shares1,29,03,225 shares
Fresh Issue Size (Amount)up to ₹1,125.00 Crup to ₹120.00 Cr
OFS Issue Size5,47,66,392 shares6,66,77,674 shares
OFS Issue Size (Amount)up to ₹1,489.65 Crup to ₹620.10 Cr
Issue Size Total9,61,26,686 shares7,95,80,899 shares
Issue Size Total (Amount)up to ₹2,614.65 Crup to ₹740.10 Cr

IPO Timetable

Go Digit General Insurance IPO opens on May 15, 2024, while Le Travenues Technology IPO opens on Jun 10, 2024. The closing date of Go Digit General Insurance IPO and Le Travenues Technology IPO is May 17, 2024, and Jun 12, 2024, respectively.

 Go Digit General Insurance IPOLe Travenues Technology IPO
Anchor Bid DateMay 14, 2024Jun 07, 2024
Issue OpenMay 15, 2024Jun 10, 2024
Issue CloseMay 17, 2024Jun 12, 2024
Basis Of Allotment (Tentative)May 21, 2024Jun 13, 2024
Initiation of Refunds (Tentative)May 22, 2024Jun 14, 2024
Credit of Share (Tentative)May 22, 2024Jun 14, 2024
Listing date (Tentative)May 23, 2024Jun 18, 2024
Anchor Lockin End date 1Jun 20, 2024Jul 13, 2024
Anchor Lockin End date 2Aug 19, 2024Sep 11, 2024

Financials & KPIs

Go Digit General Insurance IPO P/E ratio is 670.31, as compared to Le Travenues Technology IPO P/E ratio of 148.87.

 Go Digit General Insurance IPOLe Travenues Technology 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
Assets678.71585.93538.47185.07
Total Income497.10517.57384.94138.41
Profit After Tax65.7123.40-21.097.53
NET Worth437.13373.76342.6929.94
Reserves and Surplus399.83334.17303.22-212.60
Total Borrowing43.360.542.7314.94
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.31
Promoter Shareholding (Post-Issue)
P/E Ratio670.31148.87
Market Cap₹24947.90 Cr.₹3603.04 Cr.
ROE
ROCE
Debt/Equity
EPS₹0.41₹0.62
RoNW5.25%15.26%

Shares Offered

In the Go Digit General Insurance IPO Retail Individual Investors (RII) are offered 96,12,668 shares while in Le Travenues Technology 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 2,38,74,271 shares in Le Travenues Technology IPO.

 Go Digit General Insurance IPOLe Travenues Technology IPO
Anchor Investor Reservation4,32,57,009 shares3,58,11,405 shares
Market Maker Reservation
QIB2,88,38,007 shares2,38,74,271 shares
NII1,44,19,002 shares1,19,37,134 shares
RII96,12,668 shares79,58,089 shares
Employee
Others
Total9,61,26,686 shares7,95,80,899 shares

Bids Received (Subscription)

Go Digit General Insurance IPO subscribed 9.60x in total, whereas Le Travenues Technology IPO subscribed 98.10x.

 Go Digit General Insurance IPOLe Travenues Technology IPO
QIB (times)12.56x106.73x
NII (times)7.24x110.25x
Big NII (times)8.28x117.40x
Small NII (times)5.15x95.95x
RII (times)4.27x53.95x
Employee (times)
Other (times)
Total (times)9.60x98.10x

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