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Go Digit IPO – GMP, Details & Review

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Go Digit Insurance Limited who are Leading digital full stack insurance company are raising ₹2614.65 crores approximately through Initial Public Offerings (IPO). The IPO will be open from 15 May, 2024 and will close on 17th May, 2024. The IPO Price band is set to ₹272 and a retail investor can do minimum investment of ₹14,960 for a single lot of 55 shares.

Go Digit Insurance Limited aim is to make Insurance so simple, through innovation and transparency with the customers. Go Digit Company Provides Car Insurance, Commercial Vehicle Insurance, Truck Insurance, Taxi/Cab Insurance, Health Insurance, Shop & Home Insurance, International Travel Insurance, Fire Insurance, Group Health Insurance, D&O Insurance etc.

Go Digit IPO Important Dates And Prices

IPO Opening DateMay 15, 2024
IPO Closing DateMay 17, 2024
IPO Allotment DateMay 21, 2024
Date of Refund InitiationMay 22, 2024
Single Price₹272
Total Shares55/Lot
Minimum Investment₹14,960
IPO ListingMay 23, 2024
Listing OnBSE, NSE Both

Go Digit IPO Other Important Details

IPO Issue Size₹2614.65 Crores
IPO Face Value₹10/Share
IPO Retail Percentage10%
QIB Percentage75%
NII Percentage15%
Retail Min. Investment (1 Lot)₹14,960 (55 Shares)
Retail Max. Investment (13 Lots)₹194,480 (715 Shares)
S-HNI Min. Investment (14 Lots)₹209,4400 (770 Shares)
S-HNI Max. Investment (66 Lots)₹987,360 (3630 Shares)
IPO Mandate Last Date17 May, 2024 (Till 5 PM)
IPO RegistrarLinktime India Pvt Ltd

Go Digit IPO GMP (Grey Market Premium)

Day By Day analysis of Go Digit General Insurance Limited IPO GMP. IPO Grey Market Premium can increase or decrease depending upon the buyer interests.

DateGMP
As On 13-05-202442
As On 14-05-202450

Go Digit General Insurance Limited Promoters

  • Kamlesh Goyal (Non-Executive Chairman)
  • Go Digit Infoworks Services Private Limited
  • Oben Ventures LLP
  • FAL Corporation

Shareholding Pattern or Promoter Holding in Go Digit IPO

Equity ShareholdingNo. of SharesPercentage of Shares
Pre Issue729,658,88683.31
Post Issue[●][●]

Go Digit General Insurance Limited Qualities

  • Virat Kohli And Anushka Sharma Are Already Investors in this Company.
  • Company offers Super simple claims, just on a call.
  • Simple Documents For Insurance and Less Terms & Conditions.
  • Large Customer Base (More Than 3 Crore + Customers).
IncorporationRegistered OfficeWebsiteIPO Doc
December 7, 20161 to 6 Floor, Ananta One, Pride Hotel Lane,
Narveer Tanaji Wadi, City Survey No.1579,
Shivajinagar, Pune 411005, Maharashtra,
India
www.godigit.comRHP PDF

Objectives of the Go Digit IPO Issue

Go Digit General Insurance Limited Company is going to use the funds in:

  • Maintenance of solvency ratio – Company has decided to invest the Net Proceeds in such instruments and in the manner required by IRDAI (Insurance Regulatory and Development Authority of India)

In addition Company wants to enhance visibility and brand name among existing and potential customers.

Read More: Upcoming Mainboard IPO 2024


Go Digit IPO Review (May Apply)

Financials31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Expense Ratio %14.437.834.832.8
Solvency Ratio (times)1.601.782.012.01
EPS (in ₹)1.480.413.551.50
RONW %5.251.5315.8510.82
  • Go Digit Insurance Limited company has an RONW of about 5.25%.
  • EPS Increased From 0.41 to 1.48 in the last 9 Months.
  • Expense Ratio of Go Digit is approx. 14% which is decreased from 38%.

After thorough review of Go Digit Insurance Limited Company Financial Stats of Previous Years, Our Review for this IPO is you Can Avoid this IPO. But In Grey Market, Go Digit IPO is maintaining a ₹ 40-50 GMP. So You May Apply by checking 1st Day Subscription Status.


FAQ’s Related to Go Digit IPO

  1. From Which Date Go Digit IPO will open?

    Go Digit IPO will open from Wednesday, 15 May, 2024.

  2. What is the last date to apply for the Mandate of Go Digit IPO?

    Go Digit IPO last date to apply for the Mandate is Friday, 17th May, 2024.

  3. What is the total issue size of Go Digit IPO?

    Go Digit IPO total issue size is approximately ₹2614.65 Crores (96,126,686  Equity Shares)

  4. What is the percentage of Shares offered to Retail Investors in Go Digit IPO?

    Retail Investors are offered 10% of Total Shares, QIB Investors are offered 75% and Remaining 15% is for NII Investors.

  5. What is the Lot Size of Go Digit IPO and Maximum Lot Retail Investor Can Apply?

    Go Digit IPO Lot Size is 55 Shares and Retail Investor can apply for maximum 13 Lots.

  6. Who is the registrar of Go Digit Company IPO?

    Go Digit IPO Registrar is Linktime India Private Limited Company.


How You Can Apply For Go Digit IPO?

  • To Apply For the Go Digit Mainboard IPO, First You Need To open a DEMAT Account.
  • You can open a DEMAT Account Online on your mobile with Apps like Zerodha, Upstox, Angel One, Paytm Money and Groww.
  • Once Your DEMAT Account is Opened, Open the App and Search For the IPO section.
  • Select the Go Digit IPO and click on Apply Button to apply for the Mandate.
  • Enter No. of Shares You want to apply for or Lot Size which ever is showing in your app.
  • After that Enter Bid Price at which you want to apply for that IPO. Recommended is apply at Cutoff Price.
  • Then Click Continue Button, A new screen will appear, where you have to add Your UPI ID. Enter UPI ID and Click on Apply For IPO.
  • After hitting Apply for IPO button, you will receive a Mandate Request on your UPI Platform with in few minutes. Sometimes, It can also take up to 1 hour. So Don’t Panic, Just Wait.
  • On receiving Mandate in the UPI app, click on Accept Mandate, Enter your UPI Pin and your Mandate Amount and hit Enter.
  • On Successful accepting the mandate, IPO Amount will be blocked by the Bank, till the date of initiation of refunds.
  • If Go Digit IPO shares are allotted to you on the IPO Allotment Day (21st May, 2024), your amount will be permanently debit from your bank account in that case.

Are you planning to apply for the Go Digit IPO? Share What are your Thoughts and Reviews in the Comment Section down below! Your comments can benefit other users too. Keep Reading & Keep Investing !!

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