Go Digit General Insurance Limited IPO
- IPO Date15 May, 2024 to 17 May, 2024
- Listing Date23 May, 2024
- Face Value₹10 per share
- Issue Price₹258 to ₹272 per share
- Lot Size55 Shares
- Minimum Investment₹14,960
- Listing AtBSE, NSE
- Total Issue Size9,61,26,686 Shares
(aggregating up to ₹2614.65 Cr) - Fresh Issue4,13,60,294 Shares
(aggregating up to ₹1125.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue87,58,42,046
- Shareholding post issue91,72,02,340
IPO Dates
Closing Date
17 May, 2024
Initiation of Refunds
22 May, 2024
Listing Date
23 May, 2024
15 May, 2024
Opening Date
21 May, 2024
Basis of Allotment
22 May, 2024
Credit of Shares
Go Digit General Insurance Limited Lot Size
Investors can bid for a minimum of 55 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 770 | ₹2,09,440 |
| Retail (Min) | 1 | 55 | ₹14,960 |
| B-HNI (Min) | 67 | 3685 | ₹10,02,320 |
| S-HNI (Max) | 66 | 3630 | ₹9,87,360 |
| Retail (Max) | 13 | 715 | ₹1,94,480 |
Go Digit General Insurance Limited Promoter Holding
The promoter of the company are Kamesh Goyal, GoDigit Infoworks Services Private Limited, Oben Ventures LLP And FAL Corporation.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 83.31% | - |
Go Digit General Insurance Limited COMPANY INFORMATION
Go Digit IPO is a book built issue of Rs 2,614.65 crores. The issue is a combination of fresh issue of 4.14 crore shares aggregating to Rs 1,125.00 crores and offer for sale of 5.48 crore shares aggregating to Rs 1,489.65 crores. Go Digit IPO opens for subscription on May 15, 2024 and closes on May 17, 2024. The allotment for the Go Digit IPO is expected to be finalized on Tuesday, May 21, 2024. Go Digit IPO will list on BSE, NSE with tentative listing date fixed as Thursday, May 23, 2024. Go Digit IPO price band is set at ₹258 to ₹272 per share. The minimum lot size for an application is 55 Shares. The minimum amount of investment required by retail investors is ₹14,960. The minimum lot size investment for sNII is 14 lots (770 shares), amounting to ₹209,440, and for bNII, it is 67 lots (3,685 shares), amounting to ₹1,002,320. ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Hdfc Bank Limited, Iifl Securities Ltd and Nuvama Wealth Management Limited are the book running lead managers of the Go Digit IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Go Digit IPO RHP for detailed information.
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.
FAQs About Go Digit General Insurance Limited Ipo
Go Digit General Insurance Limited IPO will open on 15 May, 2024 and close on 17 May, 2024. Investors must apply within this period to participate.
The Go Digit General Insurance Limited IPO price band is set between ₹258.00 and ₹272.00 per share. The minimum lot size is 55, requiring an investment of at least ₹14960.00.
The Go Digit General Insurance Limited IPO shares are expected to be listed on 23 May, 2024, subject to regulatory approvals and final allotment.
You can track your Go Digit General Insurance Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Go Digit General Insurance Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.