Contents
- 1 Table of Contents
- 2 Go Digit IPO Details
- 3 Go Digit IPO Date
- 4 Go Digit IPO GMP Today
- 5 Go Digit IPO Subscription Status
- 6 Go Digit IPO Allotment Status
- 7 Know About Go Digit General Insurance Limited
- 8 Digit General Insurance Limited Promoters Holding
- 9 Objects of the Issue IPO
- 10 Digit General Insurance Limited Financial Report (Restated)
- 11 Key Performance Indicator (KPI) of Digit General Insurance Limited
- 12 Peer Group Comparison with Digit General Insurance Limited
- 13 Review
- 14 FAQs
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
Table of Contents
Go Digit IPO Details
| Open Date | May 15, 2024 |
| Close Date | May 17, 2024 |
| Listing Date | May 23, 2024 |
| IPO Size | 96,126,686 equity shares aggregating up to ₹2,614.65 Cr |
| Fresh Issue | Aggregating up to ₹1,125.00 Cr |
| Face Value | ₹10 per share |
| IPO Price Band | ₹258 to ₹272 per share |
| IPO Listing on | BSE NSE |
| Lot Size | 55 Shares |
| OFS | 54,766,392 shares |
| Share Offered to Retail | 10% of the total issue share |
| Share Offered to QBI | 75% of the total issue share |
| Share Offered to HNI | 15% 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 Date | May 15, 2024 |
| IPO Close Date | May 17, 2024 |
| Basis of Allotment | May 21, 2024 |
| Initiation of Refunds | May 22, 2024 |
| The credit of Shares | May 22, 2024 |
| Listing Date | May 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)
| Particulars | For the Period / Year ended on (₹ in Cr) | |||
| 31st December, 2023 | 31st March, 2023 | 31st March, 2022 | 31st March, 2021 | |
| Liabilities | 3,619.95 | 3,346.75 | 2,919.01 | 1,874.80 |
| Assets | 3,619.95 | 3,346.75 | 2,919.01 | 1,874.80 |
| Revenue | 130.83 | 39.19 | -293.64 | -118.55 |
| PAT (Profit After Tax) | 129.02 | 35.54 | -295.85 | -122.76 |
| Net Worth | 2,459.34 | 2,325.47 | 1,866.87 | 1,134.57 |
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%.
| Particulars | As of 31 December 2023 |
| EBITDA | 142.91 Lakh, 2.1% |
| PAT Margin (in %) | – |
| RoCE (%) | – |
| RoE (%) | 5.3% |
| RoNW (%) | 1.53% |
| EPS | 0.4 in pre-issue |
| PE Ratio | – |
Peer Group Comparison with Digit General Insurance Limited
| Company Name | Face Value per Equity Share (₹) | P/E Ratio | Net Profit (₹ mn) | EPS (Basic) (₹) | EPS (Diluted) (₹) | P/B Ratio | Net Worth (₹ mn) | RoNW (%) | NAV per Equity Share (₹) | GWP P/GWP |
|---|---|---|---|---|---|---|---|---|---|---|
| Go Digit General Insurance Limited | 10 | NA | 355.47 | 0.41 | 0.40 | NA | 23,254.68 | 1.53 | 26.61 | NA |
| New India Assurance Company Limited | 5 | 38.47x | 10,612.92 | 6.36 | 6.36 | 1.95x | 207,049.14 | 5.13 | 125.64 | 1.04x |
| Star Health and Allied Insurance Co. | 10 | 53.79x | 6,185.92 | 10.70 | 10.41 | 6.00x | 54,301.31 | 11.39 | 93.35 | 2.51x |
| ICICI Lombard General Insurance Co. | 10 | 48.14x | 17,290.52 | 35.21 | 35.16 | 8.00x | 103,922.63 | 16.64 | 211.65 | 3.82x |
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
- ICICI Securities Limited
- Morgan Stanley India Company Private Limited
- Axis Capital Limited
- HDFC Bank Limited
- IIFL Securities Limited
- 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
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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.
