Go Digit IPO Date, Detilas, Allotment, Review

Go Digit IPO (Go Digit General Insurance Limited IPO) is a book-built issue consisting of a fresh issue of Rs 1,125.00 crore and an offer for sale of 5.48 crore shares.

Subscription for the Go Digit IPO opens on May 15, 2024, and closes on May 17, 2024. The allotment for the IPO is expected to be finalized on Tuesday, May 21, 2024. The IPO will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with a tentative listing date set for May 23, 2024.

The price band for the Go Digit IPO has not been announced.
The referring document is Go Digit IPO RHP

Go Digit IPO Date, Detilas, Allotment, Review
Go Digit IPO Date, Detilas, Allotment, Review

Go Digit IPO Details

Open DateMay 15, 2024
Close DateMay 17, 2024
Listing DateMay 23, 2024
IPO Size96,126,686 equity shares aggregating up to ₹2,614.65 Cr
Fresh IssueAggregating up to ₹1,125.00 Cr
Face Value₹10 per share
IPO Price Band₹258 to ₹272 per share
IPO Listing onBSE NSE
Lot Size55 Shares
OFS54,766,392 shares
Share Offered to Retail10% of the total issue share
Share Offered to QBI75% of the total issue share
Share Offered to HNI15% of the total issue share

Go Digit IPO Date

Go Digit IPO opens for subscription on May 15, 2024, and closes on May 17, 2024. Allotment for the IPO is anticipated to be finalized on Wednesday, May 21, 2024.

IPO Open DateMay 15, 2024
IPO Close DateMay 17, 2024
Basis of AllotmentMay 21, 2024
Initiation of RefundsMay 22, 2024
The credit of SharesMay 22, 2024
Listing DateMay 23, 2024

Go Digit IPO GMP Today

The Grey Market Premium (GMP) for Go Digit IPO Mainboard IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the Go Digit IPO’s GMP and the expected listing price. See IPO GMP Live >>


Go Digit IPO Subscription Status

To see IGo Digit IPO live subscription status please visit our IPO Subscription Status Live section on the menu or click the link. The Go Digit IPO subscription window opens on May 15, 2024.


Go Digit IPO Allotment Status

You can check the allotment status for the Go Digit IPO by following these steps. First, click the link Link Intime India Private Limited Then, select the IPO Name from the options provided. After that, enter either your Application Number or PAN Number or Demat.

After entering the required information, click submit and view the allotment status of the IPO. This process should be done around the expected date of May 21, 2024.


Know About Go Digit General Insurance Limited

  • Digit General Insurance Limited founded in December 2016, Go Digit General Insurance Limited offers a range of insurance products including motor, health, travel, property, marine, and liability insurance, allowing customers to tailor their coverage according to their requirements.
  • The company boasts a portfolio of 74 active products across various business lines.
  • As of December 31, 2023, Go Digit had amassed a network of 61,972 partners, comprising 58,532 POSPs (Point of Sale Persons) and other agents.
  • It operates distribution centres in 24 states and union territories across India.
  • By the end of 2023, Go Digit had implemented 473 active bots to automate tasks for internal functions and partners.
  • The company maintains 75 offices across India to cater to its clientele.
  • Go Digit had a workforce of 3,333 employees.

Digit General Insurance Limited Promoters Holding

Before the issue, the company’s promoters included Kamesh Goyal, GoDigit Infoworks Services Private Limited, Oben Ventures LLP, and FAL Corporation, collectively holding 83.31% of the shares.

Objects of the Issue IPO

  • Funding of capital expenditure requirements: ₹2,091.54 Lakh (Percentage of Gross Proceeds and Net Proceeds to be determined)
  • Funding Working Capital Requirements: ₹850.00 Lakh (Percentage of Gross Proceeds and Net Proceeds to be determined)
  • General Corporate Purposes

Digit General Insurance Limited Financial Report (Restated)

ParticularsFor the Period / Year ended on (₹ in Cr)
31st December, 202331st March, 202331st March, 202231st March, 2021
Liabilities3,619.953,346.752,919.011,874.80
Assets3,619.953,346.752,919.011,874.80
Revenue130.8339.19-293.64-118.55
PAT (Profit After Tax)129.0235.54-295.85-122.76
Net Worth2,459.342,325.471,866.871,134.57

Key Performance Indicator (KPI) of Digit General Insurance Limited

As of September 30, 2023, Digit General Insurance Limited’s reported revenue of 4,870.16 lakhs, PAT of ₹675.01 lakhs, and a Net Worth of ₹2,636.35 lakhs. Key performance indicators include EBITDA of ₹1,119.22 lakhs, RoCE of 38.03%, RoE of 25.61%, and RoNW of 25.60%.

ParticularsAs of 31 December 2023
EBITDA142.91 Lakh, 2.1%
PAT Margin (in %)
RoCE (%)
RoE (%)5.3%
RoNW (%)1.53%
EPS0.4 in pre-issue
PE Ratio

Peer Group Comparison with Digit General Insurance Limited

Company NameFace Value per Equity Share (₹)P/E RatioNet Profit (₹ mn)EPS (Basic) (₹)EPS (Diluted) (₹)P/B RatioNet Worth (₹ mn)RoNW (%)NAV per Equity Share (₹)GWP P/GWP
Go Digit General Insurance Limited10NA355.470.410.40NA23,254.681.5326.61NA
New India Assurance Company Limited538.47x10,612.926.366.361.95x207,049.145.13125.641.04x
Star Health and Allied Insurance Co.1053.79x6,185.9210.7010.416.00x54,301.3111.3993.352.51x
ICICI Lombard General Insurance Co.1048.14x17,290.5235.2135.168.00x103,922.6316.64211.653.82x

Note:

  • NA(3) denotes data not available for Go Digit General Insurance Limited.
  • GWP: Gross Written Premium
  • P/GWP: Price-to-Gross Written Premium ratio

Digit General Insurance Limited IPO Registrar

Link Intime India Private Limited
L.B.S. Marg
Vikhroli West Mumbai 400 083,
Maharashtra, India
Telephone: +91 810 811 4949
Email: godigit.ipo@linkintime.co.in
Investor grievance email: godigit.ipo@linkintime.co.in
Website: www.linkintime.co.in

Digit General Insurance Limited IPO Book Running Lead Manager

  1. ICICI Securities Limited
  2. Morgan Stanley India Company Private Limited
  3. Axis Capital Limited
  4. HDFC Bank Limited
  5. IIFL Securities Limited
  6. Nuvama Wealth Management Limited

Digit General Insurance Limited Contact

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/

Digit General Insurance Limited IPO Application Form PDF

To download the Digit General Insurance Limited IPO application form click on Application Form Download ASBA IPO Forms PDF.

Review

*Update Soon

FAQs

When does the subscription for the Go Digit IPO open and close?

The subscription for the Go Digit IPO opens on May 15, 2024, and closes on May 17, 2024.

When is the listing date for Go Digit IPO?

The tentative listing date for the Go Digit IPO is May 23, 2024.

How can I check the allotment status of the Go Digit IPO?

You can check the allotment status by visiting the website of the registrar, Link Intime India Private Limited, and entering your Application Number or PAN Number or Demat details.

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