May 15, 2024 - May 17, 2024

Go Digit IPO Review & Recommendations

Anand Rathi, BP Equities (BP Wealth), Geojit Securities Ltd, Marwadi Shares and Finance Ltd and Swastika Investmart Ltd have given "Apply" recommendation to Go Digit IPO. Hem Securities and SBICAP Securities Limited have given "May Apply" recommendation to Go Digit IPO. Capital Market, Dilip Davda and SMC Global have "Neutral" view about the IPO. Axis Capital and Ventura Securities Limited have "Not Rated" the IPO.

Go Digit IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	5	2	3	0	2
%	41.67	16.67	25.00	0.00	16.67

Go Digit IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
Axis Capital	Not Rated
BP Equities (BP Wealth)	Apply
Capital Market	Neutral
Dilip Davda	Neutral
Geojit Securities Ltd	Apply
Hem Securities	May Apply
Marwadi Shares and Finance Ltd	Apply
SBICAP Securities Limited	May Apply
SMC Global	Neutral
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Not Rated

Go Digit IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Go Digit IPO is 40. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	40	Avoid, however active risk seekers can try

Go Digit IPO Review by Dilip Davda (Neutral)

[Dilip Davda] The insurance sector has witnessed sea change post Covid and rising awareness for necessity of insurance is auguring well for novel companies with technical base and new product portfolio that suits the requirements of prospects. The company has turned the corner from FY23 and is poised for bright prospects as indicated by its recent performance. Based on FY24 annualized earnings, the issue appears aggressively priced. The accounting jugglery of insurance sector is difficult to understand by a layman and hence one has to keep an eye on its business growth and future prospects. Well-informed investors may park moderate funds for the long term rewards, others may avoid. Read detail review...

Go Digit IPO Peer Comparison

Go Digit General Insurance Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Go Digit General Insurance Limited	0.41	0.40	26.61		1.53
The New India Assurance Company Ltd	6.36	6.36	125.64	38.47	5.13	1.95	Consolidated
Star Health And Allied Insurance Company Limited	10.70	10.41	93.35	53.79	11.39	6.00	Consolidated
Icici Lombard General Insurance Company Ltd	35.21	35.16	211.60	48.14	16.64	8.00	Consolidated

Notes:

Financial information of the Company is derived from Restated Financial Statements for the year ended March 31, 2023
NM=Not Meaningful
NA=Not Applicable
Offer price not determined.
All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis and is sourced from the annual reports/ financial results/public disclosures submitted to stock exchanges or on company's website, as available of the respective company for the year ended March 31, 2023
New India Assurance Company Limited is not strictly comparable with the Company (this is for information purposes).
P/E ratio for listed peers is calculated as closing share price( April 26, 2024, - BSE) / Diluted EPS for year ended March 31, 2023
Net asset value per share (in ₹) = Net worth at the end of the year / Total number of equity shares outstanding as of March 31, 2023
P/B ratio for listed peers is calculated as closing share price (April 26, 2024, - BSE)

Go Digit IPO Review by Members

Go Digit IPO Reviews, analysis and views by popular members. Read Go Digit General Insurance Limited IPO reviews by retail investors to find recommended ipo to buy.

Post Recommendation Manage Your IPO Reviews

Go Digit IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	1	0	6
%	0.00	14.29	0.00	85.71

Member	Review
Newbie sme investor	Avoid The company has main opponent which is policy bazar May 17, 2024 12:23:36 PM
Sreee	Avoid Ridiculously overpriced. Will fall like a rock after listing. Only people who will benefits are the VCs and owners of the company. Avoid like the plague. 1 May 16, 2024 12:34:09 AM
Abhijeet Kumar	Avoid Very expensive and high chance of negative listing May 15, 2024 6:38:09 PM
raj kk	Avoid Genl Insurance is relatively riskier than life business though short term period in nature & The financials are also not attractive. Share Price is very aggresively fixed. A Clear avoid from me May 13, 2024 11:56:34 PM
PSBAJWAL	Avoid दूसरा paytm भी हो सकता हैं -कंपनी मै काबिलियत तो हैं May 12, 2024 5:32:18 PM
Ankit Dhakad	Avoid Go Digit's EPS, RONW, NAV, and Net Income are lower than its peers (New India Assurance, Star Health and Allied Insurance, ICICI Lombard General Insurance), But its PE is higher side compare to its peers. AVOID and secure your hard earned money. 2 May 12, 2024 1:33:59 PM
Dhanvantri	May Apply for Listing Gain at Cut-off Price You can apply as Retsil quota is 10% and that will be oversubscribed. As Sachjn and Laxman invested in Azad and now gained handsomely hoping Virat Kohli and Anushka Sharma invested in it after election it may show upper trend .Book Profit on listing if alloted. May 12, 2024 7:09:23 AM

Post Recommendation Manage Recommendations

Note:

The recommendations or analysis of public issues posted above expresses the views of its author and does not represent the views of Chittorgarh.com or its staff.
We reserve the right to remove any objectionable post without providing a reason.