Go Digit General Insurance IPO vs Vodafone Idea FPO

Comparison between Go Digit General Insurance IPO and Vodafone Idea FPO.

IPO Details

Go Digit General Insurance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vodafone Idea FPO 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 Vodafone Idea FPO is up to ₹18,000.00 Cr. The final issue price of Go Digit General Insurance IPO is ₹272.00 per share and of Vodafone Idea FPO is ₹11.00 per share.

 Go Digit General Insurance IPOVodafone Idea FPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹258.00 per share₹10.00 per share
Issue Price (Upper)₹272.00 per share₹11.00 per share
Issue Price (Final)₹272.00 per share₹11.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size55 shares1298 shares
Fresh Issue Size4,13,60,294 shares16,36,36,36,363 shares
Fresh Issue Size (Amount)up to ₹1,125.00 Crup to ₹18,000.00 Cr
OFS Issue Size5,47,66,392 shares0 shares
OFS Issue Size (Amount)up to ₹1,489.65 Crup to ₹0.00 Cr
Issue Size Total9,61,26,686 shares16,36,36,36,363 shares
Issue Size Total (Amount)up to ₹2,614.65 Crup to ₹18,000.00 Cr

IPO Timetable

Go Digit General Insurance IPO opens on May 15, 2024, while Vodafone Idea FPO opens on Apr 18, 2024. The closing date of Go Digit General Insurance IPO and Vodafone Idea FPO is May 17, 2024, and Apr 22, 2024, respectively.

 Go Digit General Insurance IPOVodafone Idea FPO
Anchor Bid DateMay 14, 2024Apr 16, 2024
Issue OpenMay 15, 2024Apr 18, 2024
Issue CloseMay 17, 2024Apr 22, 2024
Basis Of Allotment (Tentative)May 21, 2024Apr 23, 2024
Initiation of Refunds (Tentative)May 22, 2024Apr 24, 2024
Credit of Share (Tentative)May 22, 2024Apr 24, 2024
Listing date (Tentative)May 23, 2024Apr 25, 2024
Anchor Lockin End date 1Jun 20, 2024May 23, 2024
Anchor Lockin End date 2Aug 19, 2024Jul 22, 2024

Financials & KPIs

Go Digit General Insurance IPO P/E ratio is 670.31, as compared to Vodafone Idea FPO P/E ratio of -1.88.

 Go Digit General Insurance IPOVodafone Idea FPO
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
Assets1,90,801.802,07,242.701,94,029.102,03,480.60
Total Income32,125.6042,488.5038,644.9042,126.40
Profit After Tax-23,563.80-29,301.10-28,245.40-44,233.10
NET Worth-97,931.90-74,359.10-61,964.80-38,228.00
Reserves and Surplus-1,46,611.60-1,23,038.80-94,083.60
Total Borrowing2,03,425.702,01,586.001,90,917.701,80,310.30
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.3148.75
Promoter Shareholding (Post-Issue)36.87
P/E Ratio670.31-1.88
Market Cap₹24947.90 Cr.₹73131.80 Cr.
ROE
ROCE
Debt/Equity
EPS₹0.41₹-5.85
RoNW5.25%

Shares Offered

In the Go Digit General Insurance IPO Retail Individual Investors (RII) are offered 96,12,668 shares while in Vodafone Idea FPO 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 3,27,27,27,272 shares in Vodafone Idea FPO.

 Go Digit General Insurance IPOVodafone Idea FPO
Anchor Investor Reservation4,32,57,009 shares4,90,90,90,908 shares
Market Maker Reservation
QIB2,88,38,007 shares3,27,27,27,272 shares
NII1,44,19,002 shares2,45,45,45,455 shares
RII96,12,668 shares5,72,72,72,728 shares
Employee
Others
Total9,61,26,686 shares16,36,36,36,363 shares

Bids Received (Subscription)

Go Digit General Insurance IPO subscribed 9.60x in total, whereas Vodafone Idea FPO subscribed 6.99x.

 Go Digit General Insurance IPOVodafone Idea FPO
QIB (times)12.56x19.31x
NII (times)7.24x4.54x
Big NII (times)8.28x6.04x
Small NII (times)5.15x1.55x
RII (times)4.27x1.01x
Employee (times)
Other (times)
Total (times)9.60x6.99x

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Go Digit General Insurance IPO Vs Vodafone Idea FPO