Go Digit IPO opens for subscription on May 15, 2024 and closes on May 17, 2024. The allotment for the Go Digit IPO is expected to be finalized on Tuesday, May 21, 2024. Go Digit IPO will list on BSE, NSE with tentative listing date fixed as Thursday, May 23, 2024.
IPO Size: 96,126,686 shares (2,614.65 Cr) Fresh Issue: 41,360,294 shares (1,125.00 Cr) Offer for Sale (OFS): 54,766,392 shares (1,489.65 Cr) Subscription Dates: May 15, 2024 to May 17, 2024 Expected Allotment: Tuesday, May 21, 2024 Listing Date (Tentative): May 23, 2024 Price Band: ₹258 to ₹272 per share Retail Investors: ₹.14,960 (55 shares) Small HNI : ₹.209,440(14 lots, 770 shares) Big HNI : ₹.1,002,320(67 lots, 3685 shares)
| IPO Date | May 15, 2024 to May 17, 2024 |
| Listing Date | May 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹258 to ₹272 per share |
| Lot Size | 55 Shares |
| Total Issue Size | 96,126,686 shares (aggregating up to ₹2,614.65 Cr) |
| Fresh Issue | 41,360,294 (aggregating up to ₹1,125.00 Cr) |
| Offer for Sale | 54,766,392 shares of ₹10 (aggregating up to ₹1,489.65 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 875,842,046 |
| Share holding post issue | 917,202,340 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 43,257,009 (45%) |
| QIB Shares Offered | 28,838,006 (30%) |
| NII (HNI) Shares Offered | 14,419,003 (15%) |
| bNII > Rs.10L | 9,612,669 (10%) |
| sNII < Rs.10L | 4,806,334 (5%) |
| Retail Shares Offered | 9,612,669 (10%) |
| Total Shares Offered | 96,126,686 (100%) |
The Go Digit General Insurance Limited IPO achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).
| Investor Category | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 28,838,006 | |||
| Non-Institutional Buyers | 14,419,003 | |||
| bNII (bids above ₹10L) | 9,612,669 | |||
| sNII (bids below ₹10L) | 4,806,334 | |||
| Retail Investors | 9,612,669 | |||
| Others | ||||
| Total** | 52,869,677 | 0 | 0.00 | 0.00 |
Go Digit General Insurance Limited IPO raises ₹ 1176.59 crore from anchor investors. Go Digit General Insurance Limited IPO Anchor bid date is May 14, 2024. Go Digit General Insurance Limited IPO Anchor Investors list
| Bid Date | May 14, 2024 |
| Shares Offered | 43257009 |
| Anchor Portion Size (In Cr.) | 1176.59 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 19, 2024 |
Go Digit General Insurance Limited IPO opens on May 15, 2024 and closes on May 17, 2024.
| IPO Open Date | Wednesday, May 15, 2024 |
| IPO Close Date | Friday, May 17, 2024 |
| Basis of Allotment* | Tuesday, May 21, 2024 |
| Initiation of Refunds* | Wednesday, May 22, 2024 |
| Credit of Shares to Demat* | Wednesday, May 22, 2024 |
| Listing Date* | Thursday, May 23, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, May 17, 2024 |
Investors can bid for a minimum of 55 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹ 14,960 |
| Retail (Max) | 13 | 715 | ₹ 194,480 |
| S-HNI (Min) | 14 | 770 | ₹ 209,440 |
| S-HNI (Max) | 66 | 3630 | ₹ 987,360 |
| B-HNI (Min) | 67 | 3685 | ₹ 1,002,320 |
The promoters of the company are Kamesh Goyal, GoDigit Infoworks Services Private Limited, Oben Ventures LLP And FAL Corporationq
| Share Holding Pre Issue | 83.31% |
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.
The Company proposes to utilise the Net Proceeds towards the following objects
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: godigit.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
| Listing Date | May 23, 2024 |
| BSE Script Code | 544179 |
| NSE Symbol | GODIGIT |
| ISIN | INE03JT01014 |
| Final Issue Price | ₹ 272 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 272 | ₹ 272 |
| Open | ₹ 286 | ₹ 281.10 |
| Low | ₹ 280 | ₹ 281.10 |
| High | ₹ 314 | ₹ 314 |
| Close Price | ₹ 306 | ₹ 305.75 |
Go Digit General Insurance Limited IPO is a main-board IPO of 96,126,686 equity shares of the face value of ₹ 10 aggregating up to ₹ 1125 Crores. The issue is priced at ₹258 to ₹272 per share. The minimum order quantity is 55 Shares.
The Go Digit General Insurance Limited IPO opens on May 15, 2024 and closes on May 17, 2024.
Retail Investors: ₹.14,960 (55 shares) Small HNI : ₹.209,440(14 lots, 770 shares) Big HNI : ₹.1,002,320(67 lots, 3685 shares)
The finalization of Basis of Allotment for Go Digit General Insurance Limited 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 Limited IPO allotment status.