Skip to main content
MainBoardListed
GO DIGIT GENERAL INSURANCE Logo

GO DIGIT GENERAL INSURANCE IPO

GO DIGIT GENERAL INSURANCE IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 286.00 (+5.15%)

The Initial Public Offering of GO DIGIT GENERAL INSURANCE's culminated in its successful listing on 23-05-2024 at the NSE, BSE trading platform. The company secured 9,61,26,686 Shares through this capital market exercise, with 4,13,60,294 Shares allocated to new capital formation and ₹1489.65 Cr to existing shareholder liquidity.

Investors participated within the price parameters of ₹258 to ₹272, with minimum investment requirements of 55 shares. The subscription period from 15-05-2024 to 17-05-2024 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on 21-05-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

GO DIGIT IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
GO DIGIT IPO Key Performance Indicator
Company Financials ( In Crores )

GO DIGIT IPO About Company

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.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


GO DIGIT IPO Strength Factors

  1. Personalized Customer Experience: Known for making things easy, the company delivers customized services that give customers exactly what they need, at the right time.
  2. Empowering Distribution Partners: The company supports its distribution partners with the tools and resources they need to succeed, building strong and beneficial partnerships.
  3. 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.

GO DIGIT IPO Risk Factors

  1. 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.
  2. 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.
  3. 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.

GO DIGIT IPO Lead Manager(s)

  • ICICI Securities Limited
  • Morgan Stanley India Company Private Limited
  • Axis Capital Limited
  • Hdfc Bank Limited
  • IIFL Securities Limited
  • Nuvama Wealth Management Limited

GO DIGIT IPO Promoter(s)

  1. Kamesh Goyal
  2. GoDigit Infoworks Services Private Limited
  3. Oben Ventures LLP And FAL Corporation

GO DIGIT IPO Company Details

GO DIGIT GENERAL INSURANCE
Phone:
address:

GO DIGIT IPO Registrar

Link Intime India Private Limited
Name:
Phone:

GO DIGIT IPO FAQs