Go Digit General Insurance Limited IPO Message Board (Page 24)

Gmp 20⬇️⬇️⬇️⬇️

QIB's usually apply after 2nd day i believe, and i was checking TBO and Aadhar data as well, the response on first day wasnt good i believe.

वर्तमान परिस्थिति को देखते हुए लगता है कि इसमे QIB के बचे कुचे शेयर NII को भर-भर के दिये जायेंगे 😂

#Jokes apart

Off Topic

Does Equitas Small Finance Bank provide facility to apply IPO through ASBA ?

​@Marwadi IPO Yes You can apply through Mobile Banking but app is not working properly

GMP got updated in future and I am in past by 13min.
Amazing 👏 🤩 @Admin @ Chittorgarh.com

I am working with GoDigit I can say 1 word it has great customer Satisfaction and claim settlement is very fast thou it has less cashless facility in showroom yet they reimburse within 48 hrs after submitting documents & bills.
In past they incurred loss due to capturing new agents & dealers by paying huge commission but now they are focusing on growth. If you have long term view you can see nice growth.

​@Dhiraj Ramchandani Is there anything fishy for this company report in below mentioned way:
It reported a profit after tax of Rs 129 crore in the 9-month period vs Rs 10 crore in the first 9 months of FY23.

I still need to study this one, will do it by tomorrow. On face of it, from listing point of view, I believe, it can be applied; it has one of biggest market share (surely, there are fundamental concerns too in finance of the company). But let me study and will take final call on Friday

After seeing Indegene and Aadhar listing, staying away from this one. Market is too volatile at this point. Was so happy with both my indegene and aadhar allotment and it faded away on the listing day.

Not sure how much the people are greedy. Indegene listed with 45% premium, but still it is not enough... Strange...
In future people will expect minimum 100% listing gains... 😂😂😂

' Malabar fund is there '😀🤫
just checking if anybody could remember?

Should provide listing gain for sure🤔

Even in that case, the operators would sell heavily on listing until all retail allottees are flushed out. They now have a reason (probable election outcome) to create panic.

bhai intna bi kya ljaldi hai retail aj hi over ho jayega

subjective rates?
application rates?

retail
shni
bhni

Retail Subs already 0.6x.. Might cross 1x in next few hours only.

Seeing the condition of AAdhar housing , sailing of Go digit would be a big task easy allotments might be available for retail

​@Rajatkol for sure, there is panic in some investors.
However allotment chances will be bit easy, with Solid Anchors , Strong FIIs & DIIs. Will see if risk can be taken.

Aadhar hfl, ke Tarah hi iska bura haal hoga

Adhaar ki listing k baad ye to subscribe kam hi hoga election tak sab sentiment kharab he to sab risky he

9) Key Risks
i) The company has had a track record of reporting losses and suggests that it may not be able to maintain profitability in the future. Its limited operating history makes it difficult to accurately evaluate future business prospects.

ii) Go Digit has received cautions, warnings and show-cause notices from the IRDAI due to alleged non-compliance with various regulatory prescriptions in the past. IRDAI has also imposed penalties in certain cases, and it may be subject to such regulatory actions in the future.

iii) The company's revenues and profitability heavily depend on motor vehicle insurance products. Any limitations on the sale of these products, whether due to future regulatory changes or shifts in customer preferences or the company's inability to maintain a profitable product portfolio mix, could harm the business.
Source: money control

TO
New Gen Consultancy
Thank you very much for your balanced views on this IPO
You have rightly summarised that it is A RISKY ISSUE
We would review again on last day of this issue at 2pm
Thanks and regards

​@scbkc सर जी आजकल तो हर चुन्नू मुन्नू IPO मे भी आखिरी दिन को 2 बजे के बाद जबरदस्त खेला हो रहा है
लिस्टिंग चाहे जैसे भी हो, बांकी खेला तो यहां भी होबे

​@rohiitian Awaiting your analysis

​@MAMU Ji, not too familiar with this sector, accounting methods here are quite unusual. Prima facie, I like new age cos, I'm a customer of Digit, plus anchors are strong. Will study this in detail

Sirs , this appears to be an IPO for giving lucrative exit to existing shareholders.
It is steeply overpriced , p/e 145 post issue.
New Gen Consultancy and other senior members who do a deep analysis of the IPOs , please guide whether we should apply or not. There is a good chance of this IPO listing at discount,
Thanks and regards to all

This IPO Is Surely A High Risk Game

On The 2nd Part
The Company is Growing well
The Negative Revenues Look Due to
Higher Claims Sanctioned Than Premiums Recieved
It's Growing At A Solid CAGR
53% in FY23
Almost 38% in FY24
Only Company Except Manipal Cigna
To Gain Market Share, Rest All Lost the Share

Shares Are Offered Almost At 20% Cut From Previous Round in 2022

All In All
Risky IPO For Active Risk Takers

One of the reasons for capturing more market share can be how well they are underwriting the risk by pricing their policies well, at least in some parts, visible in operating losses lowering by around 5x YoY. That is some part of the battle won, i guess. As you also said earlier we can let go of negative revenues for once and check for overall when the company has balance premium funds to generate returns for that is linked to their business.

Awaiting your insights !! ​@newgen consultancy

Dilip davda first rating Neutral for mainboard generally his rating was apply or may apply for mainboard.

ANCHOR DEKH KAR REVIEW CHANGE!!!!

😂😂😂😂💡

After seeing Aadhar listing, he will change back to Avoid?

Funny is not it..