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Go Digit General Insurance Limited IPO (Go Digit IPO) Detail

May 15, 2024 - May 17, 2024

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 bidding started from May 15, 2024 and ended on May 17, 2024. The allotment for Go Digit IPO was finalized on Tuesday, May 21, 2024. The shares got listed on BSE, NSE on 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.

Go Digit IPO Details

IPO Date May 15, 2024 to May 17, 2024
Listing Date May 23, 2024
Face Value ₹10 per share
Price Band ₹258 to ₹272 per share
Lot Size 55 Shares
Total Issue Size96,126,686 shares
(aggregating up to ₹2,614.65 Cr)
Fresh Issue41,360,294 shares
(aggregating up to ₹1,125.00 Cr)
Offer for Sale54,766,392 shares of ₹10
(aggregating up to ₹1,489.65 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue875,842,046
Share holding post issue917,202,340

Go Digit IPO Reservation

Go Digit IPO offers 96,126,686 shares. 28,838,007 (30.00%) to QIB, 14,419,002 (15.00%) to NII, 9,612,668 (10.00%) to RII and 43,257,009 (45.00%) to Anchor investors. 174,775 RIIs will receive minimum 55 shares and 6,241 (sNII) and 12,483 (bNII) will receive minimum 770 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered43,257,009 (45.00%)NA
QIB Shares Offered28,838,007 (30.00%)NA
NII (HNI) Shares Offered14,419,002 (15.00%)
  bNII > ₹10L9,612,668 (10.00%)12,483
  sNII < ₹10L4,806,334 (5.00%)6,241
Retail Shares Offered9,612,668 (10.00%)174,775
Total Shares Offered96,126,686 (100%)

Go Digit IPO Anchor Investors Details

Go Digit IPO raises Rs 1,176.59 crore from anchor investors. Go Digit IPO Anchor bid date is May 14, 2024. Go Digit IPO Anchor Investors list

Bid Date May 14, 2024
Shares Offered 43,257,009
Anchor Portion Size (In Cr.) 1,176.59
Anchor lock-in period end date for 50% shares (30 Days) June 20, 2024
Anchor lock-in period end date for remaining shares (90 Days) August 19, 2024

Go Digit IPO Timeline (Tentative Schedule)

Go Digit IPO opens on May 15, 2024, and closes on May 17, 2024.

IPO Open Date Wednesday, May 15, 2024
IPO Close Date Friday, May 17, 2024
Basis of Allotment Tuesday, May 21, 2024
Initiation of Refunds Wednesday, May 22, 2024
Credit of Shares to Demat Wednesday, May 22, 2024
Listing Date Thursday, May 23, 2024
Cut-off time for UPI mandate confirmation 5 PM on May 17, 2024

Go Digit IPO 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
Retail (Min) 1 55 ₹14,960
Retail (Max) 13 715 ₹194,480
S-HNI (Min) 14 770 ₹209,440
S-HNI (Max) 66 3,630 ₹987,360
B-HNI (Min) 67 3,685 ₹1,002,320
Lot Size Calculator

Go Digit IPO Promoter Holding

The promoter of the company are Kamesh Goyal, GoDigit Infoworks Services Private Limited, Oben Ventures LLP And FAL Corporation.

Share Holding Pre Issue 83.31%
Share Holding Post Issue

About Go Digit General Insurance Limited

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.

Go Digit General Insurance Limited Financial Information (Restated)

Go Digit General Insurance Limited's revenue increased by 113.35% and profit after tax (PAT) rose by 112.01% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,619.953,346.752,919.011,874.80
Revenue130.8339.19-293.64-118.55
Profit After Tax129.0235.54-295.85-122.76
Net Worth2,459.342,325.471,866.871,134.57
Reserves and Surplus2,391.972,383.611,975.07973.14
Total Borrowing200.00
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Go Digit IPO is Rs 24947.9 Cr.

KPI as of December 31, 2023.

KPI Values
RoNW5.25%
P/BV9.67
Pre IPO Post IPO
EPS (Rs) 0.411.88
P/E (x) 670.31145.03
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Go Digit IPO Objectives)

The Company proposes to utilise the Net Proceeds towards the following objects

  1. To undertake its existing business activities; and
  2. To undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, which, the company believes, will enhance the visibility and its brand image among its existing and potential customers.

Go Digit IPO Review (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 Subscription Status (Bidding Detail)

The Go Digit IPO is subscribed 9.60 times on May 17, 2024 6:19:06 PM. The public issue subscribed 4.27 times in the retail category, 12.56 times in the QIB category, and 7.24 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB12.56
NII7.24
    bNII (bids above ₹10L)8.28
    sNII (bids below ₹10L)5.15
Retail4.27
Total9.60

Total Application : 585,348 (3.35 times)

Go Digit IPO Prospectus

Go Digit IPO Rating

23
3.3
Rating:Rated 3.3 stars
Vote Here ...

Go Digit IPO Listing Details

Listing Date May 23, 2024
BSE Script Code 544179
NSE Symbol GODIGIT
ISIN INE03JT01014
Final Issue Price ₹272 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹272.00
₹281.10
₹281.10
₹314.00
₹305.75
NSE
₹272.00
₹286.00
₹280.00
₹314.00
₹306.00

Check IPO Performance…

Go Digit General Insurance Limited Contact Details

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/

Go Digit IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: godigit.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Go Digit IPO FAQs

Go Digit IPO is a main-board IPO of 96,126,686 equity shares of the face value of ₹10 aggregating up to ₹2,614.65 Crores. The issue is priced at ₹258 to ₹272 per share. The minimum order quantity is 55 Shares.

The IPO opens on May 15, 2024, and closes on May 17, 2024.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Go Digit IPO using UPI as a payment gateway. Zerodha customers can apply in Go Digit IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Go Digit IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Go Digit IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Go Digit IPO opens on May 15, 2024 and closes on May 17, 2024.

Go Digit IPO lot size is 55 Shares, and the minimum amount required is ₹14,960.

You can apply in Go Digit IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Go Digit IPO will be done on Tuesday, May 21, 2024, and the allotted shares will be credited to your demat account by Wednesday, May 22, 2024. Check the Go Digit IPO allotment status.

The Go Digit IPO listing date is on May 23, 2024.
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Go Digit IPO Message Board

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1522 Comments

565. NRockz |   Link |  Bookmark |June 12, 2024 6:09:08 PM
Holding.. Can we expect 400+ in short term ?
564. Vimal Garodia |   Link |  Bookmark |May 26, 2024 8:33:14 PM
IPO Guru IPO Guru (3600+ Posts, 4000+ Likes)
Brokerage firm Emkay Global has given ‘sell’ rating on Go Digit, indicating a downside of over 31.4 per cent with a target price of ₹210 per share..
News report...
564.2. Vimal Garodia |   Link |  Bookmark |May 28, 2024 8:46:22 PM
IPO Guru IPO Guru (3600+ Posts, 4000+ Likes)
@Chhote Lal Yes, i am very much aware of that. There was a slight dip initially which was bought into..
564.3. rohiitian |   Link |  Bookmark |June 6, 2024 5:37:31 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Great move from Digit today - some reward for those showing patience
563. Rajendra sethia |   Link |  Bookmark |May 24, 2024 8:44:16 PM
No I have not allotted in Go digit ipo. No block upto now. I have transferred Rs. 6 lakh.
563.1. GrayIsTheNewBlack |   Link |  Bookmark |May 25, 2024 12:56:23 PM
IPO Guru IPO Guru (2700+ Posts, 1800+ Likes)
@Rajendra sethia - Aapke ghar aake verification hua tha kya ?
In my case home verification happened yesterday evening.
I called customer care they are saying kal shaam ko unfreeze hua tha and then again freezed at 6.30 pm
562. GN |   Link |  Bookmark |May 24, 2024 3:10:35 PM
Since 10:20 AM no Movement, what is the View can anybody Comment.
561. Lucky Mohit |   Link |  Bookmark |May 24, 2024 12:32:20 PM
Congratulations to everyone on investing in PSU stocks in this month.Keep minting money
560. PLAZA |   Link |  Bookmark |May 23, 2024 9:41:27 PM
IPO Guru IPO Guru (2400+ Posts, 1300+ Likes)
@rohiitian  Looking to the deliverable quantity of 3.5 cr if we assume that 60% retailers sold there allotted shares and 75% shares sold by shni/bhni then balance 2 cr shares I.e. appx 70 % of shares allotted to qib has been sold otherwise . Is it correct or missing something assuming that all shares allotted earlier to IPO are in lock in period .
560.4. Esparando |   Link |  Bookmark |May 23, 2024 11:15:12 PM
IPO Mentor IPO Mentor (1100+ Posts, 500+ Likes)
I would assume 80% of the retail would have come out of it...which would be 2 crore (retail + HNI). Lets say ESOP 50 lakh shares...so atleast 50-60 lakh shares sold by QIB (out of their total 2.9 crore allocation).

But what really baffled me is 'no bulk deals' in the counter today. I thought there would be multiple looking at the volume and the strength in the counter today.

But its funny some QIBs have come into the IPO just for just 10% gain. Few things not adding up...could be missing some link.
560.5. PLAZA |   Link |  Bookmark |May 24, 2024 12:19:01 AM
IPO Guru IPO Guru (2400+ Posts, 1300+ Likes)
@rohiitian @MuStrFc @Esparando Thank you for your feedback and having understood that without any bulkdeal such huge quantity cornered by various trading code is definitely a pre-planned activity and this may give strength to the share because main line IPOs are all different from Smes .. As far as QIBs are concerned Imo they generally not sell for ssmall listing gain rather purchased at supportiveprice ...
559. Shashankkanta |   Link |  Bookmark |May 23, 2024 10:22:42 PM
Soon, Go Digit will touch 500 levels. Just wait and watch.
559.1. UjwalG |   Link |  Bookmark |May 24, 2024 12:18:48 AM
IPO Guru IPO Guru (1300+ Posts, 600+ Likes)
buddy, 46k cr ka cap hojayega almost
559.2. Shashankkanta |   Link |  Bookmark |May 24, 2024 12:27:07 PM
So what, can’t it touch 500 levels?
558. Pawannn |   Link |  Bookmark |May 23, 2024 9:33:57 PM
Any update on bulk/block deals in this?
558.1. CA Saurabh Bansal |   Link |  Bookmark |May 23, 2024 9:38:09 PM (300+ Posts)
No bulk deals in it
557. newgen consultancy |   Link |  Bookmark |May 23, 2024 11:07:28 AM
IPO Guru IPO Guru (3400+ Posts, 6600+ Likes)
Congratulations To All The Risk Takers 👏
557.11. PavanM |   Link |  Bookmark |May 23, 2024 6:08:34 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
@newgen consultancy Can you pls share ur final verdict on AWfis IPO also asap.
Boycott NTPC Green Energy IPO
557.12. SARWAN KUMAR AGARWAL |   Link |  Bookmark |May 23, 2024 7:59:37 PM
Enjoying this portal since last 30 year. Only IPO invester. As per my experience punters ko maal milna chahiye wo kisi bhi share ko ek baar to chale hi denge. Enjoyed this and idea and all others. Thanks to all .
556. Anuwak |   Link |  Bookmark |May 23, 2024 11:18:03 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sold 2 allotted sHNI @ 296.50
Risk lene ka fal meetha nikla.
556.5. Anuwak |   Link |  Bookmark |May 23, 2024 6:05:59 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@CJ ROCKS Han sir, Chance sab me mila tha, par bas vahi..jyada mithaas ke chakkar me reh gaye..
But theek hai.. VodaIDEA me mithaas badhi bhi hai.. Also holding InoxIndia & Happy Forging.
Yeh to Sir chalta rahega.. sab me maximum profit to milega nahi.. Jo mil jaaye vo asal hai..
556.6. CJ ROCKS |   Link |  Bookmark |May 23, 2024 6:25:52 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Yes buddy that's the spirit 👍😎
555. Panki |   Link |  Bookmark |May 23, 2024 5:29:02 PM
My friend placed a pre open market order for go digit in zerodha but is showing the trade was executed @rs 281.10 instead of 286 why so...??

555.1. Mr pkn |   Link |  Bookmark |May 23, 2024 5:34:54 PM
Coz he placed order on bse not nse so that executed at that price we have to choose exchange during placing the order
555.2. Panki |   Link |  Bookmark |May 23, 2024 5:40:16 PM
@mr pkn
Thanks 🙏 for the reply
554. ManishAgarw |   Link |  Bookmark |May 23, 2024 2:19:03 PM (300+ Posts)
Sold 1hni @ 302
Sold 1hni and 1retail @ 310
Holding 1hni
554.1. Earthking |   Link |  Bookmark |May 23, 2024 4:41:36 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Sold 1sHni @299 and rest 2 shni @309 ...
553. SJ❤️ |   Link |  Bookmark |May 23, 2024 4:24:31 PM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
Volume increased in last 10 min something big happening so talking my Share for today 🔥🔥🧿
552. SJ❤️ |   Link |  Bookmark |May 23, 2024 3:59:08 PM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
Guys what you say should we keep for some days I feel many big players took shares at 300 so they can move the share more upside 🙏 Suggest before day end 👍👍
551. Mr pkn |   Link |  Bookmark |May 23, 2024 3:32:27 PM
Off topic
Hello senior members my query is how we can know when a sme will declare there half yearly results.
550. Ajkota |   Link |  Bookmark |May 23, 2024 1:02:51 PM
Hi, All senior members of group. Should i Hold or Sale the shares of Go Digit. Thanks
550.1. MuStrFc |   Link |  Bookmark |May 23, 2024 1:26:34 PM
IPO Guru IPO Guru (3100+ Posts, 2400+ Likes)
Will suggest to keep a balanced approach as per your risk taking ability. Book some and hold only that part for which you can tolerate volatility, which can be extreme in coming days @Ajkota
550.2. Chhote Lal |   Link |  Bookmark |May 23, 2024 2:50:41 PM
IPO Mentor IPO Mentor (6300+ Posts, 4800+ Likes)
@Ajkota Ask yourself why you applied in this counter at first place. If it was for listing gains, it is best to exit as currently it is offering you about 15% gains. If you have risk appetite, you may consider holding it for some more time.
Good Luck 🍀
549. rahulkrjain |   Link |  Bookmark |May 23, 2024 9:58:04 AM (400+ Posts)
Off topic: those who are stuck like me in Sai Swami Metals (SAI), profit down from 100% to almost 0% today and may go further in negative. Everyday it’s LC and we are not able to exit since day 2.
I believe one of worst situation so far for any script.
549.5. IPONEED |   Link |  Bookmark |May 23, 2024 1:35:15 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
Dears
its third class Stock after listing, today almost 18lk shares trade so far ,at that time only speculation trading play by flippers ,big operators like Bizotic,Eupho,Varya Creation Cell Point,Commited Cargo,Zenith Drugs,Pace E com,and much more stocks

thoda sambhal kr trade kre is stock m
549.6. IPONEED |   Link |  Bookmark |May 23, 2024 1:49:02 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
regarding above off Topic: those Sai Swami Metals
few more stock are under pressure
baweja studio lot size 800
GRAPHISADS
Spectrum tellent lot size 800
800 ka lot size to hmesa apsakun niklta h
548. Esparando |   Link |  Bookmark |May 23, 2024 12:59:14 PM
IPO Mentor IPO Mentor (1100+ Posts, 500+ Likes)
Woww..

2.4 crore shares with retail. Current volumes 4 crore and with 70% delivery, ....multiple bulk deals expected in the evening.

Easily surpassed expectations.
547. cadivyansh |   Link |  Bookmark |May 23, 2024 9:49:28 AM
@rohiitian What is your listing day strategy??
547.8. colcol |   Link |  Bookmark |May 23, 2024 12:10:12 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@rohiitian This company is not going to be involved in life insurance at all. That will be under a separate company in which Fairfax is also the promoter. As far as I know, there is not a single company in India that is allowed to offer both general and life insurance.
547.9. rohiitian |   Link |  Bookmark |May 23, 2024 12:22:41 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
That's a fair point @colcol  So life insurance play not going to add to this company's value (maybe cross pollination in future, but not meaningful)
546. HumorHedge |   Link |  Bookmark |May 23, 2024 11:49:04 AM (200+ Posts)
Exited at 300. Had target of 310 but didn't wanna get stuck like VI. Also sold VI as it was up today.