Go Digit Insurance IPO Subscription Status: Go Digit Insurance IPO is Open on May 1, 2024 and Close on May 17, 2024. Go Digit Insurance IPO to Raise 96,126,686 Shares (Approx ₹2,614.65 Cr) via IPO. The Fresh Issue of 41,360,294 Shares (Approx ₹1,125.00 Cr.
- The Retail Quota is 10%
- QIB is 75%
- NII is 15%.
Go Digit Insurance IPO is an Mainline IPO and Listed on NSE & BSE. Go Digit Insurance IPO Price Band is Fixed at ₹1258 to ₹272 Equity share. Go Digit Insurance IPO Lot Size is 55 Shares.
About Go Digit Insurance IPO :
- Go Digit Insurance 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 Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 2,88,38,007 | 36,52,69,545 | 12.56 |
| Non Institutional Buyers (NIIs) | 1,44,19,002 | 10,43,40,610 | 7.24 |
| BNII | 96,12,688 | 7,95,85,330 | 8.28 |
| SNII | 48,06,334 | 2,47,55,280 | 5.15 |
| Retail Individual Buyers (RIIs) | 96,12,688 | 4,10,11,300 | 4.27 |
| Anchor Investor | 4,32,57,009 | 4,32,57,009 | 1 |
| Total | 5,28,69,677 | 50,76,21,455 | 9.60 |
Go Digit Insurance Subscription Status day-by-day-
| Categories | 15 May | 16 May | 17 May |
|---|---|---|---|
| QIB | 0.00 | 0.24 | 12.56 |
| NII | 0.35 | 0.73 | 7.24 |
| RII | 1.50 | 2.55 | 4.27 |
| Total | 0.37 | 0.79 | 9.60 |
Go Digit Insurance Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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