Go Digit IPO Issue Date, GMP, Lot Size, Prize Band
In this blog, we are going to discuss Go Digit IPO Issue Date, GMP, Lot Size, Prize Band and other financial details related to company.
Go Digit General Insurance is founded and led by Kamlesh Goyal, the former CEO of Bajaj Allianz and who has also spent a long time working at the Alliance AG office at Munich in Germany.
The public offering of Go Digit comprises a fresh issue of equity shares aggregating up to Rs.1250 crores and an offer for sale of 10.9 crore equity shares from selling shareholders.
Go Digit is one of the leading digital full-stack insurance companies, offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products.
They are one of the fastest growing insurers among the top 10 private general insurers by GWP.
The company has a GWP of ₹52.68 billion, ₹32.43 billion, and ₹22.52 billion in Fiscals 2022, 2021, and 2020, representing a CAGR of 52.9% from Fiscal 2020 to Fiscal 2022.
They have a strong capital position with a solvency ratio of 2.01 times as of March 31, 2022, compared to the IRDAI level minimum solvency ratio guidance of 1.50 times.
Go Digit IPO Dates :
Go Digit IPO Date GMP will be Announced Soon. The allotment will be finalized on – Announced Soon and the IPO may list on Announced Soon.
| Open Date : | To Be Announced |
| Close Date : | To Be Announced |
| Allotment Date : | To Be Announced |
| Refund Date : | To Be Announced |
| Share Credit Date : | To Be Announced |
| Listing Date : | To Be Announced |
Services Provided :
Company offers following services to meet the needs of the customers.
- Motor Insurance
- Health Insurance
- Travel Insurance
- Property Insurance
- Marine Insurance
- Liability Insurance
- Other Insurance Products to meet the needs of the customers.
Go Digit IPO Important Details :
| IPO Open : | Update Soon |
| IPO Close : | Update Soon |
| IPO Size : | ₹. Cr |
| Face Value : | ₹. Equity Share |
| Price Band : | ₹ – ₹ Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹. Cr |
| Fresh Issue : | ₹. Cr |
| Offer For Sale : | ₹. Cr |
The IPO comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer-for-sale (OFS) of 10,94,45,561 equity shares by a promoter and existing shareholders, according to the draft red herring prospectus (DRHP).
Go Digit IPO Market Lot Details :
| Minimum Lot Size : | – Lot |
| Minimum Share : | – Shares |
| Minimum Amount : | ₹- |
| Maximum Lot Size : | – Lot |
| Maximum shares : | – Shares |
| Maximum Amount : | ₹- |
Financial Report :
| Financial Year | Revenue (in ₹ Crores) | PAT (in ₹ Crores) | EPS (₹) |
| March 2020 | 1419.2 | – 175.24 | – 2.41 |
| March 2021 | 2251.98 | – 122.76 | – 1.50 |
| March 2022 | 3840.96 | – 295.86 | – 3.55 |
The organization has shown consistent and great development in top line and primary concern numbers throughout the long term.
Its client base expanded from 14.27 million in FY21 to 25.77 million in FY22.
In FY22 alone, Go Digit General Insurance Ltd offered near 7.76 million contracts, a sharp development contrasted with the past monetary year.
For FY22, incomes became 70% to Rs3,841 crore while the AUM became 68% to Rs9,398 crore.
Overall deficits for the entire year FY22 dramatically increased yoy to Rs296 crore.
The misfortunes are more because of front-stacking of consumption.
Company Strengths :
- High-quality Customer Experience
- Our Focus on Empowering Our Distribution Partners
- Predictive Underwriting Models
- Advanced Technology Platform
- A nimble organization with a skilled and experienced management team
Go Digit IPO GMP :
Currently Go Digit IPO GMP is unknown and it will get updated once IPO Dates are announced
Allotment Status :
You can check the allotment status for the Go Digit IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.
Lead Managers of Go Digit IPO
ICICI Securities
Morgan Stanley India
Axis Capital
Edelweiss Financial
HDFC Bank
IIFL Securities.
The IPO of Go Digit General Insurance Ltd is being lead managed by big names like ICICI Securities, Morgan Stanley India, Axis Capital, Edelweiss Financial, HDFC Bank and IIFL Securities.
HDFC Bank had bought 9.94% stake in Go Digit General Insurance Ltd and Axis Bank is also looking at taking a stake in the company.
Company Promoters :
■ Kamesh Goyal
Quick Link :
- DRHP Draft Prospectus
- RHP Draft Prospectus
Go Digit IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West) Mumbai 400 083
Maharashtra, India
Telephone: +91 (22) 4918 6200
E-mail: godigit.ipo@linkintime.co.in
Investor grievance e-mail: godigit.ipo@linkintime.co.in
Website: www.linkintime.co.in
Company Address :
Go Digit General Insurance Limited
1 to 6 Floor, Ananta One
Pride Hotel Lane
Narveer Tanaji Wadi
City Survey No. 1579
Shivajinagar, Pune 411005
Maharashtra, India
Telephone: +91 2067495400
Email:cs@godigit.com
Website: https://www.godigit.com
