Go Digit General Insurance Limited
CLOSEDIPO Date: 15 May - 17 May 2024
Listing Date: 23 May 2024
Price Range
₹258 to ₹272 per share
Issue Size
2614.65 Cr
Min Investment
₹14,190
Lot Size
55 Shares
Schedule of Go Digit General Insurance Limited
Issue open date
15 May 2024
Issue close date
17 May 2024
UPI mandate deadline
17 May 2024 (5 PM)
Allotment finalization
21 May 2024
Share credit
22 May 2024
Listing date
23 May 2024
Mandate end date
N/A
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 2614.65 Cr |
| Fresh Issue | Cr |
| Offer for Sale | Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 21 May 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 23 May 2024 | ₹272 | ₹4 | ₹276 (1.47%) |
| 22 May 2024 | ₹272 | ₹8 | ₹280 (2.94%) |
| 21 May 2024 | ₹272 | ₹30 | ₹302 (11.03%) |
| 20 May 2024 | ₹272 | ₹26 | ₹298 (9.56%) |
| 19 May 2024 | ₹272 | ₹22 | ₹294 (8.27%) |
| 18 May 2024 | ₹272 | ₹21 | ₹293 (7.72%) |
| 17 May 2024 | ₹272 | ₹11 | ₹283 (4.04%) |
| 16 May 2024 | ₹272 | ₹14 | ₹286 (5.15%) |
| 15 May 2024 | ₹272 | ₹18 | ₹290 (6.62%) |
| 14 May 2024 | ₹272 | ₹47 | ₹319 (17.28%) |
| 13 May 2024 | ₹272 | ₹42 | ₹314 (15.44%) |
Performance Go Digit General Insurance Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹258 to ₹272 per share | ₹ 1104 (12.5%) | ₹ 314.45 | 15.61% |
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.
| Founded in | 2016 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 12.56 |
| Non-Institutional Investors (NIIs) | 7.24 |
| Retail Individual Investors (RIIs) | 4.27 |
| Employee | N/A |
| Total | 9.6 |