Bookbuilding IPO | ₹2,615 Cr | Listed at BSE, NSE | Wed, May 15, 2024 - Fri, May 17, 2024
Go Digit General Insurance IPO is a book build issue of ₹2,614.65 crores. The issue is a combination of fresh issue of 4.14 crore shares aggregating to ₹1,125.00 crores and offer for sale of 5.48 crore shares aggregating to ₹1,489.65 crores.
Go Digit General Insurance IPO bidding started from May 15, 2024 and ended on May 17, 2024. The allotment for Go Digit General Insurance IPO was finalized on May 21, 2024. The shares got listed on BSE, NSE on May 23, 2024.
Go Digit General Insurance IPO price band is set at ₹272 per share. The lot size for an application is 55. The minimum amount of investment required by an retail is ₹14,960 (55 shares) (based on upper price). The lot size investment for sNII is 14 lots (770 shares), amounting to ₹2,09,440, and for bNII, it is 67 lots (3,685 shares), amounting to ₹10,02,320.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Go Digit General Insurance IPO RHP for detailed Information.
IPO Open
Wed, May 15, 2024
IPO Close
Fri, May 17, 2024
Issue Price
₹272 per share
Market Cap (Pre-IPO)
₹24,947.90 Cr
| IPO Date | 15 to 17 May, 2024 |
| Listed on | Thu, May 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹258 to ₹272 |
| Issue Price | ₹272 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 9,61,26,686 shares (agg. up to ₹2,615 Cr) |
| Fresh Issue | 4,13,60,294 shares (agg. up to ₹1,125 Cr) |
| Offer for Sale | 5,47,66,392 shares of ₹10 (agg. up to ₹1,490 Cr) |
| Share Holding Pre Issue | 87,58,42,046 shares |
| Share Holding Post Issue | 91,72,02,340 shares |
| BSE Script Code / NSE Symbol | 544179 / GODIGIT |
| ISIN | INE03JT01014 |
Go Digit General Insurance IPO offers total 9,61,26,686 shares. Out of which 7,20,95,016 (75.00%) allocated to QIB, 2,88,38,007 (30.00%) allocated to QIB (Ex- Anchor), 1,44,19,002 (15.00%) allocated to NII 96,12,668 (10.00%) allocated to RII and 4,32,57,009 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 7,20,95,016 (75.00%) | NA |
| − Anchor Investor Shares Offered | 4,32,57,009 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,88,38,007 (30.00%) | NA |
| NII (HNI) Shares Offered | 1,44,19,002 (15.00%) | NA |
| − bNII > ₹10L | 96,12,668 (10.00%) | 12,483 |
| − sNII < ₹10L | 48,06,334 (5.00%) | 6,241 |
| Retail Shares Offered | 96,12,668 (10.00%) | 1,74,775 |
| Total Shares Offered | 9,61,26,686 (100.00%) |
Investors can bid for a minimum of 55 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,960 |
| Retail (Max) | 13 | 715 | ₹1,94,480 |
| S-HNI (Min) | 14 | 770 | ₹2,09,440 |
| S-HNI (Max) | 66 | 3,630 | ₹9,87,360 |
| B-HNI (Min) | 67 | 3,685 | ₹10,02,320 |
Go Digit General Insurance IPO raises ₹1,176.59 crore from anchor investors. Go Digit General Insurance IPO Anchor bid date is May 14, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 14, 2024 |
| Shares Offered | 4,32,57,009 |
| Anchor Portion (₹ Cr.) | 1,176.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jun 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Aug 19, 2024 |
Incorporated in December 2016, 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.
As of March 31, 2023 and December 31, 2023, the company had 3,333 and 3,957 employees, respectively.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 3,619.95 | 3,346.75 | 2,919.01 | 1,874.80 |
| Total Income | 130.83 | 39.19 | -293.64 | -118.55 |
| Profit After Tax | 129.02 | 35.54 | -295.85 | -122.76 |
| NET Worth | 2,459.34 | 2,325.47 | 1,866.87 | 1,134.57 |
| Reserves and Surplus | 2,391.97 | 2,383.61 | 1,975.07 | 973.14 |
| Total Borrowing | 200.00 | |||
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| RoNW | 5.25% |
| Price to Book Value | 9.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.41 | 1.88 |
| P/E (x) | 670.31 | 145.03 |
| Promoter Holding | 83.31% | |
| Market Cap | ₹24,947.90 Cr. |
The Go Digit IPO is subscribed 9.6 times on May 17, 2024 6:19:06 PM (Day 3). The public issue subscribed 4.27 times in the retail category, 12.56 times in the QIB category, and 7.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 12.56 | 2,88,38,007 | 36,22,69,545 |
| NII | 7.24 | 1,44,19,002 | 10,43,40,610 |
| bNII (bids above ₹10L) | 8.28 | 96,12,668 | 7,95,85,330 |
| sNII (bids below ₹10L) | 5.15 | 48,06,334 | 2,47,55,280 |
| Retail | 4.27 | 96,12,668 | 4,10,11,300 |
| Total | 9.6 | 5,28,69,677 | 50,76,21,455 |
Total Application : 5,85,348
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers and commissions (including underwriting commission, brokerage and selling commission) | 70.19 |
| 2 | Selling commission payable to SCSBs for Bids directly procured by them and processing fees payable to SCSBs for Bids procured by the members of the Syndicate, the Registered Brokers, CRTAs or CDPs and submitted to SCSBs for blocking, Bankers to the Offer, fees payable to the Sponsor Banks for Bids made by RIBs | 1.47 |
| 3 | Selling commission and uploading charges payable to members of the Syndicate (including their Sub-Syndicate Members), RTAs, CDPs and Registered Brokers | 0.51 |
| 4 | Processing fees payable to the Sponsor Banks | |
| 5 | Fees payable to Registrar to the Offer | |
| 6 | Printing and stationery expenses | 1.89 |
| 7 | Advertising and marketing expenses | 3.09 |
| 8 | Listing fees, SEBI fees, BSE and NSE processing fees, book-building software fees, and other regulatory expenses | 17.95 |
| 9 | Fees payable to legal counsel | 33.56 |
| 10 | Fees payable to the auditors | 3.78 |
| 11 | Other expenses - Insurance, Industry report by Redseer etc, depository charges, Other professional fee | 7.71 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹272.00 | ₹272.00 |
| Open | ₹281.10 | ₹286.00 |
| Low | ₹281.10 | ₹280.00 |
| High | ₹314.00 | ₹314.00 |
| Last Trade | ₹305.75 | ₹306.00 |
Lead Manager Reports
Go Digit General Insurance IPO is a main-board IPO of 9,61,26,686 equity shares of the face value of ₹10 aggregating up to ₹2,615 Crores. The issue is priced at ₹272 per share. The minimum order quantity is 55.
The IPO opens on Wed, May 15, 2024, and closes on Fri, May 17, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Go Digit General Insurance IPO using UPI as a payment gateway. Zerodha customers can apply in Go Digit General Insurance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Go Digit General Insurance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Go Digit General Insurance IPO opens on Wed, May 15, 2024 and closes on Fri, May 17, 2024.
Go Digit General Insurance IPO lot size is 55, and the minimum amount required for application is ₹14,960.
You can apply in Go Digit General Insurance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Go Digit General Insurance IPO will be done on Tuesday, May 21, 2024, and the allotted shares will be credited to your demat account by Wed, May 22, 2024. Check the Go Digit General Insurance IPO allotment status.
The Go Digit General Insurance IPO listing date is on Thu, May 23, 2024.
