Go Digit Insurance IPO Details Today : Go Digit Insurance IPO is Open on 15 May 2024 and Close on 17 May 2024. Go Digit Insurance IPO to Raise Approx 96,126,686 shares (Approx ₹2,614.65 Cr) via IPO. The Fresh Issue of 41,360,294 shares (Approx ₹1,125.00 Cr).
We inception of our insurance operations in 2017. We are one of the leading digital full stack insurance companies, leveraging our technology to power what we believe to be an innovative approach to product design, distribution and customer experience for non-life insurance products .
Full-Stack Insurers are insurance firms that are fully licensed and controlled by a regulatory authority and perform sourcing, underwriting and servicing all in-house. Digital full stack insurers are insurance manufacturing companies that focus on integrating technology in their operations.
We offer motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products, which the customers can customize to meet his or her needs.
Our Company digital full stack insurance players which, in addition to our Company, include Acko and Navi, making us the largest digital full stack insurance player in India. we deploy a combination of insurance and technology solutions to assist in enrolment, insurance claims processing, underwriting, policy administration, data insights and fraud detection.
Go Digit Insurance IPO Date & Price Band Details
| IPO Open Date | May 15, 2024 |
|---|---|
| IPO Close Date | May 17, 2024 |
| IPO Size | 96,126,686 shares (Approx ₹2,614.65 Cr) |
| Fresh Issue | 41,360,294 shares (Approx ₹1,125.00 Cr |
| OFS | 54,766,392 shares of ₹10 (Approx ₹1,489.65 Cr) |
| Lot Size | 55 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹258 - ₹272 Per Every Share |
| IPO Listing On | BSE & NSE |
| IPO Retail Quota | 10% |
| IPO QIB Quota | 75% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Go Digit Insurance IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 55 | ₹14,960 |
| Retail Maximum | 13 | 715 | ₹194,480 |
| S-HNI Minimum | 14 | 770 | ₹209,440 |
| S-HNI Maximum | 66 | 3,630 | ₹987,360 |
| B-HNI Minimum | 67 | 3,685 | ₹1,002,320 |
Object of the Issue
- Maintenance of solvency ratio
- undertake our existing business activities.
- To undertake the activities proposed to be funded from the Net Proceeds.
Go Digit Insurance IPO Allotment & Listing Date (Details)
| 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 Insurance Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Networth | PAT |
| Dec 2023 | ₹130.83 | ₹2,459.34 | ₹129.02 |
| 2023 | ₹39.19 | ₹2,325.47 | ₹35.54 |
| 2022 | ₹293.64 | ₹1,866.87 | ₹295.85 |
| 2021 | ₹118.55 | ₹1,134.57 | ₹122.76 |
Our Company Promoters-
- Kamesh Goyal
- Go Digit Infoworks Services Private Limited
- Oben Ventures LLP
- FAL Corporation
Qualitative Factors
- High-quality Customer Experience. For further details,
- Our Focus on Empowering Our Distribution Partners.
- Predictive Underwriting Models. For further details
- Advanced Technology Platform. For further details,
- A nimble organization with a skilled and experienced management team.
Go Digit Insurance Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per |
|---|---|---|---|---|---|
| Go Digit General Insurance Limited | 10.00 | 3.55 | 652.85 | 16% | 21.73 |
| Peer Group | |||||
| New India Assurance Company Limited | 5.00 | 1.18 | 83.3 | 0.94 | 115.01 |
| Star Health and Allied Insurance Company Limited | 10.00 | 18.65 | 53.79 | 23% | 78.42 |
| ICICI Lombard General Insurance Company Ltd. | 10.00 | 25.91 | 48.14 | 14% | 185.57 |
Comparison with Listed Industry Peers
- Go Digit General Insurance Limited.
- New India Assurance Company Limited.
- Star Health and Allied Insurance Company Limited.
- ICICI Lombard General Insurance Company Ltd.
Go Digit Insurance Company Contact Details
1 to 6 Floor, Ananta One
Pride Hotel Lane
Narveer Tanaji Wadi
City Survey No. 1579
Shivajinagar, Pune 411005
Maharashtra, India
Telephone:+91 20 67495400
Email:cs@godigit.com
Website: www.godigit.com
Go Digit Insurance IPO Registrar
Link Intime India Private Limited
C-101, 1stFloor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Telephone: +91 (22) 4918 6200
E-mail: godigit.ipo@linkintime.co.in
Investor grievance e-mail: godigit.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
1 thought on “Go Digit Insurance IPO Details Today, GMP Price, Date, Review”