Go Digit General Insurance Limited IPO Detail
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.
Company Promoters
Kamesh Goyal, GoDigit Infoworks Services Private Limited, Oben Ventures LLP And FAL Corporation.IPO Details
| IPO Opening Date | May 15, 2024 |
| IPO Closing Date | May 17, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹258 - 272 per equity share |
| Market Lot | 55 Shares |
| Min Order Quantity | 55 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹2,614.65 Cr |
| Fresh Issue | ₹1,125.00 Cr |
| Offer for Sale | ₹1,489.65 Cr |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.42x | 0.31x | 0.35x | 1.50x | 0.37x |
| Day 2 | 0.24x | 0.90x | 0.64x | 0.73x | 2.57x | 0.80x |
| Day 3 | 12.56x | 5.15x | 8.28x | 7.24x | 4.27x | 9.60x |
IPO Tentative Timetable
The Go Digit General Insurance Limited IPO open date is May 15, 2024, and the close date is May 17, 2024. The issue may list on May 23, 2024.
| IPO Open Date | May 15, 2024 |
| IPO Close Date | May 17, 2024 |
| Basis of Allotment Date | May 21, 2024 |
| Initiation of Refunds | May 22, 2024 |
| Credit of Shares to Demat Account | May 22, 2024 |
| IPO Listing Date | May 23, 2024 |
IPO Lot Size
The Go Digit General Insurance Limited IPO market lot size is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹194480).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 55 | ₹14960 |
| Maximum | 13 | 715 | ₹194480 |
IPO Promoter Holding
| Pre Issue Share Holding | 83.31% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 1874.80 | -118.55 | -122.76 |
| 31-Mar-22 | 2919.01 | -293.64 | -295.85 |
| 31-Mar-23 | 3346.75 | 39.19 | 35.54 |
| 31-Dec-23 | 3619.95 | 130.83 | 129.02 |
Objects of the Issue:
The Company proposes to utilise the Net Proceeds towards the following objects
- To undertake its existing business activities; and
- To undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, which, the company believes, will enhance the visibility and its brand image among its existing and potential customers.
Go Digit General Insurance Limited IPO Registrar:
Link Intime India Private Ltd
Go Digit General Insurance Limited IPO Lead Manager(s):
ICICI Securities Limited Morgan Stanley India Company Pvt Ltd Axis Capital Limited Edelweiss Financial Services Ltd Hdfc Bank Limited Iifl Securities Ltd
Company Contact Information:
Go Digit General Insurance Limited
1 to 6 Floor, Ananta One, Pride Hotel Lane
Narveer Tanaji Wadi, City Survey No.1579
Shivajinagar, Pune 411005
