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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 ₹272.00 per share . The lot size for an application is 55. The minimum amount of investment required by an retail is ₹14,190 (55 shares). 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 Date | May 15, 2024 to May 17, 2024 |
| Listing Date | May 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹258 to ₹272 per share |
| Issue Price Final | ₹272 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 9,61,26,686 shares (aggregating up to ₹2,614.65 Cr) |
| Fresh Issue | 4,13,60,294 shares (aggregating up to ₹1,125.00 Cr) |
| Offer for Sale | 5,47,66,392 shares of ₹10 (aggregating up to ₹1,489.65 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 87,58,42,046 shares |
| Share Holding Post Issue | 91,72,02,340 shares |
Go Digit 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, 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 | Maximum 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%) |
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. Go Digit General Insurance IPO Anchor Investors list
| Bid Date | May 14, 2024 |
| Shares Offered | 4,32,57,009 |
| Anchor Portion Size (In Cr.) | 1,176.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 19, 2024 |
Go Digit General Insurance IPO opens on May 15, 2024, and closes on May 17, 2024.
| IPO Open Date | Wed, May 15, 2024 |
| IPO Close Date | Fri, May 17, 2024 |
| Tentative Allotment | Tue, May 21, 2024 |
| Initiation of Refunds | Wed, May 22, 2024 |
| Credit of Shares to Demat | Wed, May 22, 2024 |
| Tentative Listing Date | Thu, May 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 17, 2024 |
Investors can bid for a minimum of 55 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 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 | ||||
The market capitalization of Go Digit General Insurance IPO is ₹24947.90 Cr.
KPI as of Sun, Dec 31, 2023.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.41 | 1.88 |
| P/E (x) | 670.31 | 145.03 |
The Company proposes to utilise the Net Proceeds towards the following objects
[Dilip Davda] The insurance sector has witnessed sea change post Covid and rising awareness for necessity of insurance is auguring well for novel companies with technical base and new product portfolio that suits the requirements of prospects. The company has turned the corner from FY23 and is poised for bright prospects as indicated by its recent performance. Based on FY24 annualized earnings, the issue appears aggressively priced. The accounting jugglery of insurance sector is difficult to understand by a layman and hence one has to keep an eye on its business growth and future prospects. Well-informed investors may park moderate funds for the long term rewards, others may avoid. Read detail review...
| Listing Date | May 23, 2024 |
| BSE Script Code | 544179 |
| NSE Symbol | GODIGIT |
| ISIN | INE03JT01014 |
| Final Issue Price | ₹272 per share |
| BSE Listing Group | B |
Go Digit General Insurance Ltd.
1 to 6 Floor, Ananta One, Pride Hotel Lane
Narveer Tanaji Wadi, City Survey No.1579
Shivajinagar, Pune 411005,
Pune, Maharashtra
Phone: +91 20 67495400
Email: cs@godigit.com
Website: https://www.godigit.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: godigit.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹2,614.65 Crores. The issue is priced at ₹272 per share. The minimum order quantity is 55.
The IPO opens on May 15, 2024, and closes on 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 May 15, 2024 and closes on 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 Wednesday, May 22, 2024. Check the Go Digit General Insurance IPO allotment status.
The Go Digit General Insurance IPO listing date is on Thursday, May 23, 2024.
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