Go Digit General Insurance Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

15 May 2024

Close Date

17 May 2024

Allotment

21 May 2024

Listing Date

23 May 2024

Exchange

NSE & BSE

Price Band

₹272

Listing Price

See chart

Allotment Status

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Price Band

₹272

Per share

Face Value

₹10 per share

Lot Size

55 Shares

per lot

Issue Size

9,61,26,686 shares (aggregating up to ₹2,614.65 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,960

1 lot

Pre-IPO Holding

87,58,42,046 shares

Promoters

Post-IPO Holding

91,72,02,340 shares

Promoters

P/E (Pre)

670.31x

P/E (Post)

145.03x

EPS (Pre)

₹0.41

EPS (Post)

₹1.88

UPI Deadline

2024-05-17

Mandate

Anchor AllotmentTue, 14 May 2024

Basis of AllotmentTue, 21 May 2024

Refund InitiationWed, 22 May 2024

Demat CreditWed, 22 May 2024

Listing DayThu, 23 May 2024

UPI Mandate Deadline2024-05-17

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares4,13,60,294 shares (aggregating up to ₹1,125.00 Cr)

Offer for Sale5,47,66,392 shares of ₹10 (aggregating up to ₹1,489.65 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Go Digit General Insurance Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 17 May 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	96,126,686	100%	₹2,614.65

IPO Shares Offered

Go Digit General Insurance Ltd. IPO total issue size: ₹2,614.65 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	96,126,686	₹2,614.65	100.00%

* Based on upper price band ₹272 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹272.00

Upper Band

Min Investment

₹14,960

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	110	₹29,920
Retail (Max — 13 Lots)	13	715	₹194,480
S-HNI (Min — 14 Lots)	14	770	₹209,440
B-HNI (Min — 68 Lots)	68	3,740	₹1,017,280

* Issue Price ₹272 × Lot Size 55 shares

IPO Schedule

Anchor

14 May 2024

✓ Done

IPO Open

15 May 2024

✓ Done

IPO Close

17 May 2024

✓ Done

Allotment

21 May 2024

✓ Done

Refunds

22 May 2024

✓ Done

Demat Credit

22 May 2024

✓ Done

Listing Day

23 May 2024

✓ Done

₹272.00

INR · BSE

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Issue ₹272.00 Live Price

About Go Digit General Insurance Ltd.

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.

Objects of the Issue

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 General Insurance Ltd. Financials (Amount in Crore)

Revenue from Operations

N/A

31 Mar 2022

₹39.2

31 Mar 2023

₹130.8

31 Dec 2023

Profit After Tax (PAT)

-₹295.9

31 Mar 2022

₹35.5

31 Mar 2023

₹129.0

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	130.83	39.19	-293.64
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	129.02	35.54	-295.85
Net Worth	2459.34	2325.47	1866.87
Total Assets	3619.95	3346.75	2919.01
Reserves & Surplus	2391.97	2383.61	1975.07
Borrowings	200.00	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

P/BV Ratio

9.67

RoNW

5.25%

Issue Structure & Shareholding

Total Shares Offered9,61,26,686 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding87,58,42,046 shares

Post-Issue Promoter Holding91,72,02,340 shares

P/BV Ratio9.67

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

godigit.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

ICICI Securities Ltd.

Morgan Stanley India Co.Pvt.Ltd.

Axis Capital Ltd.

HDFC Bank Ltd.

IIFL Capital Services Ltd.

Nuvama Wealth Management Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Go Digit General Insurance Ltd. IPO subscribed? ▲

Go Digit General Insurance Ltd. IPO is subscribed 1.00 times by May 17, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Go Digit General Insurance Ltd. IPO retail subscription status? ▼

The Go Digit General Insurance Ltd. IPO retail category is subscribed 1.00 times as of 17 May 2024. The retail portion is oversubscribed.

How to subscribe Go Digit General Insurance Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 15 May 2024 and closes 17 May 2024. Min investment: ₹14,960 (1 lot = 55 shares). UPI mandate: 2024-05-17.

How many times Go Digit General Insurance Ltd. IPO subscribed? ▼

The Go Digit General Insurance Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Go Digit General Insurance Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 21 May 2024. Refunds: on 22 May 2024.

When Go Digit General Insurance Ltd. IPO will be listed? ▼

The Go Digit General Insurance Ltd. IPO listing date is 23 May 2024, Thursday. Listed on: NSE & BSE. Issue price: ₹272. Estimated listing: ₹272. GMP: NIL.

When Go Digit General Insurance Ltd. IPO close? ▼

The Go Digit General Insurance Ltd. IPO closes on 17 May 2024, Friday. UPI mandate: 2024-05-17. Allotment: 21 May 2024. Listing: 23 May 2024.

Quick Actions

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Live Price LIVE

Last Price₹272.00

Change—

Issue Price₹272.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹272

Face Value₹10

Lot Size55 Sh

Min. Amount₹14,960

GMPNIL

Est. Listing₹272

Subscribed1.00x

Open Date15 May 2024

Close Date17 May 2024

Allotment21 May 2024

Listing Date23 May 2024

ExchangeNSE & BSE

UPI Deadline2024-05-17