Go Digit IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 15 to May 17 2024
Price Band
₹258 - 272
Current GMP
₹286(5.14%)
Subscription
9.60 times
IPO Details
| IPO Date | May 15, 2024 to May 17, 2024 |
| Listing Date | Thursday, May 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹258 to ₹272 per share |
| Lot Size | 55 Shares |
| Total Issue Size | 96,126,686 shares (aggregating up to ₹2,614.65 Cr) |
| Fresh Issue | 41,360,294 shares (aggregating up to ₹1,125.00 Cr) |
| Offer for Sale | 54,766,392 shares of ₹10 (aggregating up to ₹1,489.65 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 875,842,046 |
| Share holding post issue | 917,202,340 |
IPO Date
May 15, 2024 to May 17, 2024
Listing Date
Thursday, May 23, 2024
Face Value
₹10 per share
Price Band
₹258 to ₹272 per share
Lot Size
55 Shares
Total Issue Size
96,126,686 shares (aggregating up to ₹2,614.65 Cr)
Fresh Issue
41,360,294 shares (aggregating up to ₹1,125.00 Cr)
Offer for Sale
54,766,392 shares of ₹10 (aggregating up to ₹1,489.65 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
875,842,046
Share holding post issue
917,202,340
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 12.56 |
| Non-Institutional Buyers | 7.24 |
| bNII (bids above ₹10L) | 8.28 |
| sNII (bids below ₹10L) | 5.15 |
| Retail Investors | 4.27 |
| Total ** | 9.60 |
Anchor Investors
1
Qualified Institutions
12.56
Non-Institutional Buyers
7.24
bNII (bids above ₹10L)
8.28
sNII (bids below ₹10L)
5.15
Retail Investors
4.27
Total **
9.60
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 May 15, 2024 | 0.00 | 0.35 | 1.50 | 0.37 |
| Day 2 May 16, 2024 | 0.24 | 0.73 | 2.57 | 0.80 |
| Day 3 May 17, 2024 | 12.56 | 7.24 | 4.27 | 9.60 |
DayDay 1
May 15, 2024
QIB0.00
NII0.35
Retail1.50
Total0.37
DayDay 2
May 16, 2024
QIB0.24
NII0.73
Retail2.57
Total0.80
DayDay 3
May 17, 2024
QIB12.56
NII7.24
Retail4.27
Total9.60
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 22-05-2024 | 272.00 | 15(5.51%) | 287 |
| 21-05-2024 | 272.00 | 30(11.03%) | 302 |
| 20-05-2024 | 272.00 | 26(9.56%) | 298 |
| 19-05-2024 | 272.00 | 22.50(8.27%) | 294.5 |
| 18-05-2024 | 272.00 | 21(7.72%) | 293 |
| 17-05-2024 | 272.00 | 11(4.04%) | 283 |
| 16-05-2024 | 272.00 | 14(5.15%) | 286 |
| 15-05-2024 | 272.00 | 18(6.62%) | 290 |
| 14-05-2024 | 272.00 | 47(17.28%) | 319 |
| 13-05-2024 | 272.00 | 42(15.44%) | 314 |
| 12-05-2024 | 272.00 | 53(19.49%) | 325 |
| 11-05-2024 | 272.00 | 65(23.9%) | 337 |
| 10-05-2024 | 272.00 | 70(25.74%) | 342 |
Date22-05-2024
Price272.00
GMP15(5.51%)
Estimate List Price287
Date21-05-2024
Price272.00
GMP30(11.03%)
Estimate List Price302
Date20-05-2024
Price272.00
GMP26(9.56%)
Estimate List Price298
Date19-05-2024
Price272.00
GMP22.50(8.27%)
Estimate List Price294.5
Date18-05-2024
Price272.00
GMP21(7.72%)
Estimate List Price293
Date17-05-2024
Price272.00
GMP11(4.04%)
Estimate List Price283
Date16-05-2024
Price272.00
GMP14(5.15%)
Estimate List Price286
Date15-05-2024
Price272.00
GMP18(6.62%)
Estimate List Price290
Date14-05-2024
Price272.00
GMP47(17.28%)
Estimate List Price319
Date13-05-2024
Price272.00
GMP42(15.44%)
Estimate List Price314
Date12-05-2024
Price272.00
GMP53(19.49%)
Estimate List Price325
Date11-05-2024
Price272.00
GMP65(23.9%)
Estimate List Price337
Date10-05-2024
Price272.00
GMP70(25.74%)
Estimate List Price342
IPO Important Dates
| 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 |
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
IPO Lot Size
| 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 |
ApplicationRetail (Min)
Lots1
Shares55
Amount₹14,960
ApplicationRetail (Max)
Lots13
Shares715
Amount₹194,480
ApplicationS-HNI (Min)
Lots14
Shares770
Amount₹209,440
ApplicationS-HNI (Max)
Lots66
Shares3,630
Amount₹987,360
ApplicationB-HNI (Min)
Lots67
Shares3,685
Amount₹1,002,320
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,619.95 | 3,346.75 | 2,919.01 |
| Revenue | 130.83 | 39.19 | -293.64 |
| Profit After Tax | 129.02 | 35.54 | -295.85 |
| Net Worth | 2,459.34 | 2,325.47 | 1,866.87 |
| Reserves and Surplus | 2,391.97 | 2,383.61 | 1,975.07 |
| Total Borrowing | 200.00 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20233,619.95
31 Mar 20233,346.75
31 Mar 20222,919.01
Period EndedRevenue
31 Dec 2023130.83
31 Mar 202339.19
31 Mar 2022-293.64
Period EndedProfit After Tax
31 Dec 2023129.02
31 Mar 202335.54
31 Mar 2022-295.85
Period EndedNet Worth
31 Dec 20232,459.34
31 Mar 20232,325.47
31 Mar 20221,866.87
Period EndedReserves and Surplus
31 Dec 20232,391.97
31 Mar 20232,383.61
31 Mar 20221,975.07
Period EndedTotal Borrowing
31 Dec 2023200.00
31 Mar 2023
31 Mar 2022
Key Performance Indicator
| RoNW | 5.25% |
| P/BV | 9.67 |
| EPS (Rs) | 0.41 |
RoNW
5.25%
P/BV
9.67
EPS (Rs)
0.41
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 43,257,009 (45.00%) | NA |
| QIB Shares Offered | 28,838,007 (30.00%) | NA |
| NII (HNI) Shares Offered | 14,419,002 (15.00%) | |
| bNII > ₹10L | 9,612,668 (10.00%) | 12,483 |
| sNII < ₹10L | 4,806,334 (5.00%) | 6,241 |
| Retail Shares Offered | 9,612,668 (10.00%) | 174,775 |
| Total Shares Offered | 96,126,686 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered43,257,009 (45.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered28,838,007 (30.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered14,419,002 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered9,612,668 (10.00%)
Maximum Allottees12,483
Investor CategorysNII < ₹10L
Shares Offered4,806,334 (5.00%)
Maximum Allottees6,241
Investor CategoryRetail Shares Offered
Shares Offered9,612,668 (10.00%)
Maximum Allottees174,775
Investor CategoryTotal Shares Offered
Shares Offered96,126,686 (100%)
Maximum Allottees
Information about company
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.
Objectives of IPO
The Company proposes to utilise the Net Proceeds towards the following objects
To undertake its existing business activities; and
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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