Go Digit General Insurance Ltd
Price Range
₹258 - ₹272
Min. Quantity
55
Closes on
17 May 2024
Min. investment
₹14,960/715 Shares
Go Digit General Insurance Ltd IPO Timeline
Go Digit General Insurance Limited was incorporated as Oben General Insurance Limited' at Pune, Maharashtra on December 7, 2016 by the Registrar of Companies. The Company received certificate of registration from Insurance Regulatory and Development Authority of India (IRDAI) on September 20, 2017. Subsequently, name of the Company was changed to Go Digit General Insurance Limited', and a fresh Certificate of Incorporation was issued by the RoC on June 12, 2017. The Company is a subsidiary of Go Digit Infoworks Services Private Limited (GDISPL).
| Event | Date |
|---|---|
| Go Digit General Insurance Ltd IPO Opening Date | 15 May 2024 |
| Go Digit General Insurance Ltd IPO Closing Date | 17 May 2024 |
| Basis of Allotment | 21 May 2024 |
| Initiation of Refunds | 22 May 2024 |
| Credit of Shares to Demat | 22 May 2024 |
| Go Digit General Insurance Ltd IPO Listing Date | 23 May 2024 |
Go Digit General Insurance Ltd IPO Details
| Go Digit General Insurance Ltd IPO Date | 15 May 2024 to 17 May 2024 |
| Go Digit General Insurance Ltd IPO Face Value | ₹10 per share |
| Go Digit General Insurance Ltd IPO Price | ₹258 to ₹272 per share |
| Go Digit General Insurance Ltd IPO Lot Size | 55 |
| Issue Size | Shares of ₹10 (aggregating up to ₹2,614.65 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹1125 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹1,489.65 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 2,88,38,007 of the Net Offer |
| Retail Shares Offered | Not less than 96,12,668 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 1,44,19,002 of the Net Offer |
| Company Promoters | Kamesh Goyal, Go Digit Infoworks Services Pv, Oben Ventures LLP |
Go Digit General Insurance Ltd IPO Lot Size
The Go Digit General Insurance Ltd IPO lot size is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹1,94,480).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 55 | ₹14,960 |
| Maximum | 13 | 715 | ₹1,94,480 |
- Strengths
- Risks
- Opportunities
- Simple and Tailored Customer Experience.
- Its Focus on Empowering its Distribution Partners.
- Predictive Underwriting Models.
- Advanced Technology Platform.
- A nimble organization with a skilled and experienced management team.
Company Financials
Go Digit General Insurance Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 2,345.87 | 8,615.38 | 181.68 |
| 03-2023 | 1,536.12 | 5,885.7 | 35.55 |
| 03-2022 | 1,037.28 | 3,840.97 | -295.85 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To achive the benefits of Listing the Equity Shares on the Stock Exchange
Go Digit General Insurance Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Go Digit General Insurance Ltd IPO Subscription Status (Bidding Detail)
The Go Digit General Insurance Ltd IPO is subscribed 9.6 times on 17 May 2024 05:00:00 PM. 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 | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 12.56 | 7.24 | 4.27 | - | 9.6 |
Go Digit General Insurance Ltd IPO Prospectus
Go Digit General Insurance Ltd IPO Listing Date
| Listing Date | 23 May 2024 |
| BSE Script | 544179 |
| NSE Symbol | GODIGIT |
| Listing In | BSE, NSE |
| ISIN | INE03JT01014 |
| IPO Price | ₹272 |
| Face Value | ₹10 |
Company Contact Information
1 to 6 Floor Ananta OnePride Hotel Lane Shivajinagar,Pune-411005
Phone: 91-20-6749 5400
Email: cs@godigit.com
Website: www.godigit.com
Go Digit General Insurance Ltd IPO Registrar
Go Digit General Insurance Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Morgan Stanley India Company Pvt Ltd
- Axis Capital Ltd
- Nuvama Wealth Management Ltd
- HDFC Bank Ltd
- IIFL Securities Ltd
FAQ
What is the issue size of Go Digit General Insurance Ltd IPO?
I have pre-applied for Go Digit General Insurance Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.