Go Digit General Insurance Limited IPO Message Board (Page 26)

41 SELLER live

No strength at all after INDEGENE LISTING.

I want to sell 3 aadhar retail lots in grey , do u have any grey contacts sirji @MAMU

Off topic- Request someone to confirm whether kotak , au and Idfc first allows FD backed ipo. Icici can’t open more accounts as it allows one mobile number per account.

​@MuStrFc  Sir How's your overall experience with AU till now ? Transections... Applying IPO via website,net banking site experience n application using wise ? What is the ASBA closing time ? 🙏

Idfc not allowed. Rbl and yes bank allowed

Why contingent liabilities is nil? Obviously they should have claim disputes in courts.

Hello
Zerodha me minor ka account online open kr rha hu while entering guardian id pass and app code vapas id password enter page aa ja rha
Kisine open kia hai account to plz help

LIVE
GO DIGIT 45 BUYER

🤔🤔

MUCH DEPENDS ON ANCHOR.......HEARD SOME BIG GUY BUYING FROM BEHIND IN GREY!!!!

AND OFCOURSE MARKET SENTIMENTS MATTERS A LOT!!!!!

​@sang Big GUY buying as u mentioned
But no one selling in big , everyone scare because of low gmp and big size of issue.
5700 Fix application at this rate in such size of issue feeling that will get form allotment in all if prem not support and market will remain volatile.

This counter will not make people to decide apply or not. All will have to wait for last day.

No major trade happening in quantity
Wonder that how will this sail through if premium constantly at downside.

Damn Syrma 🥵

It is a valid valuation?

GODIGIT 52 BUYERS!!

⬆️⬆️

Expected SHNI and RETAIL subscription ?

@ Retail almost 1x. I think it might go 7x to 8x ( too early to say

And all those lucky allottees would rush to sell at 230 on the day of listing.

Also expect ----> Got 3/4 retail, 1/6 HNI I don't know whether I should be happy or sad, kind of messages on the allotment day.

46-52

Sir boi net banking se hni category me ipo apply krne k liye kon s category select krni hoti hai kyk vha per retail category or hni category above 2 lakh mention ha ek h category me or 2 category me Noh category likha h to pls help me for hni category ke liye kon s category select krni hoti hai no 1 .or no 2 .pls help me

Already replied to you in Piotex IPO page as you were repeatedly asking the same here needlessly. @Raman Kumar

Uska same category h
individual ke liye koi issue nai h bcoz on portal it will automatically get sorted acc to your lot size.
Category me koi issue nai h
Mene bahut bar apply Kiya h and I have got allotment many times

Sir koi to bta do

Sir pls help me jab boi net banking se hni category me ipo apply krte h to net banking me kon s category select krni hoti h vha per retail or Noh category ATI h pls help me . because vha mention ha individual apply retail & 2 lakh above also to hni category ke liye vo select krna ya other Noh category select krni

Actually I have no interest in this company. I could understand whatever to understand at the first sight. But certainly I have interest in this IPO as I do have in others irrespective of the fundamental/visible data.
Now inspired by
MuStrFc
and to support for the question raised to
Prachi @ Team Chittorgarh.com
I am set to present whatever I find.

Many may have forgotten that in case of Star Health IPO , we saw negative revenue for the first time. Insurance companies have certain peculiarities in the a/c procedure .So we often fail to understand the exact thing on the basis of our existing understanding. As I have seen in the past and now ,I think , the insurance companies first prepare the revenue a/c concerning the premium + vs claim + and whatever excess/loss (widely called as revenue ) found there is transferred to P&L a/c for further appraisal and arriving at the final profit/loss figure.
This is for obvious reason. A few months ago this company arranged for an insurance coverage for Rs50 lac at a premium of less than one rupee against an air ticket for me from Kolkata to Bangalore. The difference between the premium and the outgo in the fateful cases justify such norm.
Revenue a/c as on 31/3/23 (in million)

Head ......................misc...............marine............fire............total.......remarks
Prem......................50779...............31..................826...........51636
Interest,div,oths...... 6054..................2.................110..............6166
Total A....................56833................33.................936............57802

Claims.................... 34370................29................315.............34714....high claim
Commission..............2560..............(58)*...........(1064)*..........1438 comm negative?
Specified expenses 20718..............130.............1464..............22312 expense dekho!
..............................................................................................................bap re bap
Total B.....................57648...............101..............716...............58465
Excess ( A-B)...........................................................................................only fire busi
Trans to SH a/c..... -ve 815...........-ve 68..............220.............- ve 663 is positive.
Observation :
1. Expense ratio now shown as 14% , but one year ago and earlier it had been in the order of 35 %.
2. Net expense ratio 39.1%
3. Commission ratio 24.7% very very high.
4. In marine and fire insurance, Commission is negative. It means there is continuous recovey of Commission paid in earlier years which means bad insurance, rejection of claim and litigation.
5. Solvency ratio 2.25% to 1.6%
7.Loss ratio 70%
8.eps 23 @ 0.41, 22@ - 3.55, 21@ - 1.23, 9m23 @ 1.48
9.RONW 23 @1.53% , 22@ - 15 85% , 21 @ - 10 48%
10.1.06 CR policy , retention ratio 84% (up from 79 two yes ago)
11. Investment yield increased from 6.2 %to 7.4%

Explained well . Few things to add :

1. Solvency is now near to bear minimum 1.5
2. Heavy reliance on motor insurance
3. Expenses ratio as % looks less as Gross Written Premium is increased where in fact in amount terms it has risen
4. Commission is still when Go Digit is also receiving reinsurance ceded commission, so if that is removed for once, the gross Commission % comes even higher.
5. There could be one reason for it as they have increased the number of POS points of their insurance, so more to give to agents to attract more people
6. The higher expense and commission clearly reflect in Ever highest Combined ratios compared to peers who are lowering it YoY
7. Investment yield gets better as underlying markets are rallying.

8. Price to Gross Written Premium is still high equivalent to the closest counter ICICI Lombard, i.e. around 3.5x despite the intentional discount given by the management highlighting investor interest.

9. Customer retention ratios are higher but if you cross verify with peer quarterly reports, the data mentioned in RHP is lower compared to 73% retention ratio of ICICI Lombard mentioned in their quarterly reports, courtesy of
"Exclusively commissioned RedSeer report"

Awaiting your inputs !!

@Asoke sarkar

Sorry ! I am late to response .

​ @newgen consultancy 
Thank you for your view.

@MuStrFc 
Thank you for your further seeing through.
Any comparison with ICICI Lombard or NIACL is not tenable.
Kahan raja Bhoj our kahan Ganju teli !

Which company is good for minor where Demat & Trading ac can be open

​@Gupta Hry I use ICICI+Zerodha, works fine. There was lots of recent discussion in the forum, you can search and take a call.

Expected retail subscription

Majority car & two wheeler policy bought in past and even in present with POLICY BAZAAR. I never face any issue at a time of claim.
In my life i never even tried to get quote at DIGIT website.
One thing is clear that whom i did not give business in past , will it allow me earn handsome profit? 🫢😜

Making high of 95 its trading around 58 rs

With moderate volume No movement at all in GMP

Happy Sunday

Iss IPO m invest krna chahiye ya nhi , Pls guide me??

Ok boss @MuStrFc 👍🏻
So, your views about its valuation as per Price to book & Price to gross premium?

Star couple Virat Kohli and Anushka Sharma are poised to make a significant profit with the upcoming listing of Bengaluru-based insurance startup Go Digit. Their investment of ₹2.5 crore could see a handsome multibagger return of 263 per cent, with the upper price band set at ₹272.

Kismat me paisa he likha ho to kahan kahan se nai banta....

They just bought at 75 just 3 year ago.

Only if the ipo sails through..

The way AADHAR & TBI premium behaving, wonder how this one will sail through?
Panic all around
No buyer heard since morning

इस फोरम के पुराने दोस्त पता नहीं कहां गुम हो गए

एम् रविचंद्रन सर
चालाक लोमड़ी
rajakumar
अर्जुन राजकोट

​@nausikhya  Meri hi post ko copy past

I am too missing @Jetha Lal ji...