Go Digit IPO Details: Go Digit Insurance has announced the much-anticipated date for its Initial Public Offering (IPO), set to launch on May 15th and conclude on May 17th. The company aims to raise approximately ₹[.] crores through the IPO, with a combination of fresh issue and offer for sale. The fresh issue comprises ₹1125 crores, while the offer for sale includes up to 109,445,561 equity shares priced at ₹10 each.
Positioning itself as a pioneer in simplifying insurance, Go Digit Insurance is committed to delivering a seamless customer experience through innovation and transparency. As a leading digital full-stack insurance company, it leverages technology to redefine product design, distribution, and customer interactions for non-life insurance products.
Operating as a digital full-stack insurer, the company integrates technology into every aspect of its operations, from enrollment and claims processing to underwriting and fraud detection. It offers a range of customizable insurance products including motor, health, travel, property, marine, and liability insurance.
Go Digit Insurance’s mission is to demystify insurance, making it accessible and understandable even to a 15-year-old. Since its inception in December 2016, the company has been dedicated to revolutionizing the perception and experience of non-life insurance in India. Its commitment to simplification has not only led to trust-building but also meaningful relationships with customers and distribution partners.
According to the RedSeer Report, commissioned exclusively by the company, Go Digit Insurance emerged as the fastest-growing insurer among private non-life insurers by Gross Written Premium (GWP) in Fiscal 2022.
With its IPO, Go Digit Insurance seeks to further its vision of transforming the insurance landscape, promising a future where insurance is not only straightforward but also empowering for individuals and businesses alike.
Go Digit IPO Objectives:
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 IPO Review (Apply or Not)
- updated soon
Go Digit IPO Date & Price Band Details:
| IPO Open: | May 15, 2024 |
| IPO Close: | May 17, 2024 |
| IPO Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹1125 Crores |
| Offer for Sale: | Approx ₹[.], 109,445,561 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹258 to ₹265 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Go Digit IPO Lot Size:
Go Digit Insurance’s IPO offers investors the opportunity to participate in minimum quantities suitable for retail investors. Each application will require a minimum of [number] shares, translating to an investment amount of ₹[amount]. This provides an accessible entry point for those interested in the IPO. Additionally, retail investors can apply for up to [number] lots, which translates to a maximum of [number] shares or an investment of up to ₹[amount].
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Go Digit IPO Timeline:
Mark your calendars! The Go Digit Insurance IPO opens for subscription on May 15th and closes on May 17th. Following the application window, the allotment of shares is expected to be finalized on May 21st. If your application is successful, you can anticipate Go Digit Insurance shares to begin trading on the stock exchanges (BSE and NSE) by May 23rd.
| Price Band Announcement: | 14-May-2024 |
| IPO Open Date: | 15-May-2024 |
| IPO Close Date: | 17-May-2024 |
| Basis of Allotment: | 21-May-2024 |
| Refunds: | 22-May-2024 |
| Credit to Demat Account: | 22-May-2024 |
| IPO Listing Date: | 23-May-2024 |
Go Digit IPO GMP Today:
There’s some early interest in the Go Digit Insurance IPO, with the grey market premium (GMP) currently hovering around ₹50. It’s important to remember that the GMP is unofficial and doesn’t guarantee the IPO price. We’re still waiting for the official price band announcement, which will provide a clearer picture of the potential listing price. Stay tuned for updates on the price band and estimated listing price.
Go Digit Insurance Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹- | ₹- | ₹- |
| 2022 | ₹- | ₹- | ₹- |
| 2023 | ₹- | ₹- | ₹- |
| Dec 2023 | ₹- | ₹- | ₹- |
Go Digit Insurance IPO Valuation – FY2023
Check Go Digit Insurance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹0.41 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 1.53% |
| Net Asset Value (NAV): | ₹26.61 per Equity Share |
Peer Group
- New India Assurance Company Limited
- Star Health and Allied Insurance Company Limited
- ICICI Lombard General Insurance Company Ltd
Company Promoters
- Kamesh Goyal
- GoDigit Infoworks Services Private Limited
- Oben Ventures LLP
- FAL Corporation
Go Digit Insurance IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Signatureglobal.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Go Digit Insurance IPO Allotment Status Check
Check Go Digit Insurance IPO allotment status on Linkintime website allotment URL. Click Here
Go Digit Insurance IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Morgan Stanley India Company Pvt Ltd
- Axis Capital Limited
- Edelweiss Financial Services Ltd
- Hdfc Bank Limited
- Iifl Securities Ltd
Company Address
Go Digit General Insurance Limited
1 to 6 Floor, Ananta One, Pride Hotel Lane
Narveer Tanaji Wadi, City Survey No.1579
Shivajinagar, Pune 411005,
Phone: +91 20 67495400
Email: cs@godigit.com
Website: https://www.godigit.com/
