Go Digit Insurance IPO Description – Go Digit is a prominent player among digital full-stack insurance companies, commanding about 82.3% of Gross Written Premiums (GWP) generated by Indian digital insurance players. Leveraging technology, Go Digit General Insurance adopts an innovative approach to product design, distribution, and customer experience for non-life insurance products. It offers a comprehensive range of insurance products such as motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other customizable options tailored to meet the diverse needs of its customers.
As of 31 December 2022, the company had 35,325,561 customers who have availed of insurance benefits under various policies issued since the inception of its insurance operations in 2017. As of 31 December 2022, the company has introduced a total of 66 products across its product lines. Among these, 64 products are currently active, while 2 have been abandoned.
Go Digit’s Gross Written Premium (GWP) stood at INR 52.88 billion and INR 36.49 billion for the nine-month periods ending 31 December 2022, and 31 December 2021, respectively, reflecting a growth of 44.9%. In Fiscal 2022, 2021, and 2020, the GWP amounted to INR 52.68 billion, INR 32.43 billion, and INR 22.52 billion, respectively, representing a Compound Annual Growth Rate (CAGR) of 52.9% from Fiscal 2020 to Fiscal 2022.
As of 31 December 2022, and 31 March 2022, the company employed 3,168 and 2,568 individuals, respectively, excluding undergraduate trainees and contract staff. All employees were based in India.
Promoters of Go Digit Insurance – Kamesh Goyal, Go Digit Infoworks Services Private Limited, Oben Ventures LLP, and FAL Corporation
Table of Contents
Go Digit Insurance IPO Details
| Go Digit IPO Dates | Coming soon |
| Go Digit IPO Price | Coming soon |
| Fresh issue | INR 1,250 crore |
| Offer For Sale | 109,445,561 shares |
| Total IPO size | Coming soon |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Go Digit Insurance Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 |
| Premium Earned | 1,241.35 | 1,943.69 | 3,404.23 | 3,767.32 |
| Operating income | (226.94) | (185.49) | (375.14) | (57.01) |
| Net income | (175.24) | (122.76) | (295.85) | 10.02 |
Go Digit Insurance Offer News
- Go Digit Insurance RHP
- Go Digit Insurance DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Go Digit Insurance Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (2.41) | (1.50) | (3.55) |
| PE ratio | – | – | – |
| RONW (%) | (15.61) | (10.82) | (15.85) |
| NAV | 13.63 | 13.52 | 21.36 |
| ROE (%) | (15.61) | (10.82) | (15.85) |
| EBITDA (%) | (7.5) | (3.5) | (5.4) |
Go Digit Insurance IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Go Digit Insurance IPO Objectives
The company proposes to utilize the Net Proceeds towards the maintenance of the solvency ratio.
Go Digit Insurance IPO Subscription – Live Updates
Coming soon
Go Digit Insurance – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Net Income (Cr.) |
| Go Digit General Insurance | – | (3.55) | (15.85) | 21.73 | (295.95) |
| New India Assurance | 83.3 | 1.18 | 0.94 | 115.01 | 177.92 |
| Star Health and Allied Insurance | – | (18.65) | (23.06) | 78.42 | (1,040.67) |
| ICICI Lombard General Insurance | 41.6 | 25.82 | 13.95 | 185.57 | 1,271.01 |
Go Digit Insurance IPO Allotment Status
Go Digit Insurance IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Go Digit Insurance IPO Dates & Listing Performance
| Go Digit Insurance IPO Opening Date | Coming soon |
| Go Digit Insurance IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Go Digit Insurance IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Go Digit Insurance IPO Reviews – Subscribe or Avoid?
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Go Digit Insurance IPO Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Go Digit Insurance Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 8114949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Go Digit Insurance Contact Details
GO DIGIT GENERAL INSURANCE LIMITED
Atlantis, 95, 4th B Cross Road,
Koramangala Industrial Layout,
5th Block, Bengaluru 560095, Karnataka
Phone:Â +91 20 67495400
Email:Â [email protected]
Website: www.godigit.com
Go Digit Insurance IPO FAQs
How many shares in Go Digit Insurance IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Go Digit Insurance Public Offer?
The best way to apply in Go Digit public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Go Digit Insurance IPO GMP today?
Go Digit Insurance IPO GMP today is INR NA per share.
What is Go Digit Insurance kostak rate today?
Go Digit Insurance kostak rate today is INR NA per application.
What is Go Digit Insurance Subject to Sauda rate today?
Go Digit Insurance Subject to Sauda rate today is INR NA per application.
