GO DIGIT GENERAL INSURANCE
Book Built Issue IPO · NSE, BSE
- Price band
- ₹258 - ₹272
- Lot size
- 55 shares
- Issue amount
- ₹2,614.65 cr
- Total subscription
- 9.6×
- Opens
- 15 May 2024
- Closes
- 17 May 2024
- Allotment
- 21 May 2024
- Listing
- 23 May 2024
Offer at a glance
Issue overview
- Issue size
- 9,61,26,686 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,190
- Fresh issue
- ₹1,125 cr
- Offer for sale
- ₹1,489.65 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,960
- Issue type
- Book Built Issue IPO
- Shares before issue
- 87,58,42,046
- Shares after issue
- 91,72,02,340
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 55 | ₹14,960 |
| sHNI | 14 | 770 | ₹2,09,440 |
| bHNI | 67 | 3,685 | ₹10,02,320 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 12,484 | 20,396 |
| HNIs (2-10L) | 6,242 | 30,720 |
| RETAIL | 1,74,775 | 5,34,535 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 784.39 | 9,853.73 |
| RETAIL | 261.46 | 1,115.51 |
| HNIs 2+ | 130.73 | 673.34 |
| HNIs 10+ | 261.46 | 2,164.72 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 1.46 | 0.4 | -3.55 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 5.25 | 1.53 | -15.85 |
| PRE IPO(PE) | 9.67 | 0 | 0 |
| POST IPO(PE) | 670.31 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Go Digit General Insurance Limited started its journey in December 2016 and has quickly become one of India's leading insurance providers. The company offers a wide variety of insurance products like motor, health, travel, property, marine, and liability insurance, catering to different customer needs. With 74 active insurance products and a strong network of 61,972 partners (including 58,532 POSPs and agents), Go Digit has made its mark across 24 states and union territories in India. The company uses 473 active bots to automate tasks, making processes faster and more efficient for both customers and partners. Go Digit operates through 75 offices across the country, with a growing team of 3,957 employees as of December 31, 2023 – a significant jump from 3,333 employees in March 2023. The company’s focus on technology and customer satisfaction has helped it become a trusted name in the insurance industry.
Strengths
- Personalized Customer Experience: Known for making things easy, the company delivers customized services that give customers exactly what they need, at the right time.
- Empowering Distribution Partners: The company supports its distribution partners with the tools and resources they need to succeed, building strong and beneficial partnerships.
- Cutting-Edge Technology Platform: With its smart and innovative technology, the company boosts efficiency, flexibility, and speed — helping it stay ahead in the fast-changing insurance market.
Risk factors
- Profitability Concerns: The company has reported losses in the past, and it's unclear when it will become profitable. This might make investors less confident and affect the company's financial health.
- Limited Operating History: Since the company is relatively new, it's harder to predict how well it will perform in the future, which could make business planning and growth projections challenging.
- Legal Proceedings: The company, its promoters, and directors are involved in ongoing legal cases. If the outcome is unfavorable, it could cause financial losses, harm the company’s reputation, and disrupt daily operations.
Promoters
Kamesh Goyal
GoDigit Infoworks Services Private Limited
Oben Ventures LLP And FAL Corporation
Registrar & documents
Lead manager
ICICI Securities Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, Hdfc Bank Limited, IIFL Capital Services Limited, Nuvama Wealth Management Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
1 to 6 Floor, Ananta One, Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579 Shivajinagar, Pune 411005
+91 20 67495400
[email protected]Company website ↗Understanding GODIGIT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.