Go Digit Insurance IPO GMP, Price, Date, Allotment


Last updated on May 24, 2024

Go Digit Insurance IPO GMP

Go Digit Insurance IPO Description – Go Digit is a prominent player among digital full-stack insurance companies, commanding about 82.5% 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 2023, the company had 43.26 million customers who have availed of insurance benefits under various policies issued since the inception of its insurance operations in 2017. As of the same date, the company launched 74 active products across all business lines.

Go Digit’s Gross Written Premium (GWP) stood at INR 66.80 billion and INR 52.88 billion for the nine-month periods ending 31 December 2023, and 31 December 2022, respectively, reflecting a growth of 26.3%. In Fiscal 2023, 2022, and 2021, the GWP amounted to INR 72.43 billion, INR 52.68 billion, and INR 32.43 billion, respectively, representing a Compound Annual Growth Rate (CAGR) of 49.4% from Fiscal 2021 to Fiscal 2023.

As of 31 December 2023, and 31 March 2023, the company employed 3,957 and 3,333 individuals, respectively, excluding undergraduate trainees and contract staff. All employees were based in India.

Go Digit General Insurance

Promoters of Go Digit Insurance – Kamesh Goyal, Go Digit Infoworks Services Private Limited, Oben Ventures LLP, and FAL Corporation

Go Digit Insurance IPO Details

Go Digit IPO Dates15 – 17 May 2024
Go Digit IPO PriceINR 258 – 272 per share
Fresh issueINR 1,125 crore
Offer For Sale54,766,392 shares
(INR 1,412.97 – 1,489.65 crore)
Total IPO sizeINR 2,537.97 – 2,614.65 crore
Minimum bid (lot size)55 shares (INR 14,960)
Face Value INR 10 per share
Retail Allocation10%
Listing OnBSE, NSE

Go Digit Insurance Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Premium Earned1,943.693,404.235,163.675,114.61
Operating income(185.49)(375.14)(66.28)(10.12)
Net income(122.76)(295.85)35.55129.02
Figures in INR Crores unless specified otherwise

Go Digit Insurance Offer News

Go Digit Insurance Valuations & Margins

FY 2021FY 2022FY 2023
(Pre Issue)
FY 2024
PE Ratio635.60 – 670.09137.56 – 145.02
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)(10.82)(15.85)1.53
ROE (%)(10.82)(15.85)1.50
EBITDA (%)(3.5)(5.4)0.7
*Compiled by IPO Central from Prospectus

Go Digit Insurance IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
22 May 202425800
21 May 202425800
20 May 202415500
18 May 202410400
17 May 202410600
16 May 2024201,000
15 May 2024431,800
14 May 2024431,800
13 May 2024556002,000
11 May 2024607002,500
10 May 202450

Go Digit Insurance IPO Objectives

The company proposes to utilize the Net Proceeds towards the maintenance of its solvency ratio.

Go Digit Insurance IPO Subscription – Live Updates

Shares Offered2,88,38,0071,44,19,00296,12,6685,28,69,677
17 May 202412.567.234.269.60
16 May 20240.240.732.540.79
15 May 20240.000.341.440.36

Go Digit Insurance – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVNet Income (Cr.)
Go Digit General Insurance670.090.411.5326.5535.55
New India Assurance 38.476.365.13125.641,061.29
Star Health and Allied Insurance53.7910.7011.3993.35618.59
ICICI Lombard General Insurance48.1435.2116.64211.601,729.05

Go Digit Insurance IPO Allotment Status

Go Digit Insurance IPO allotment status is now 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 Date15 May 2024
Go Digit Insurance IPO Closing Date17 May 2024
Finalization of Basis of Allotment21 May 2024
Initiation of refunds22 May 2024
Transfer of shares to demat accounts22 May 2024
Go Digit Insurance IPO Listing Date23 May 2024
Opening Price on NSEINR 286 per share (up 5.15%)
Closing Price on NSEINR 306 per share (up 12.50%)

Go Digit Insurance IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi – Subscribe
Axis Capital – Not Rated
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Avoid
Choice Broking –
Dalal & Broacha –
Elite Wealth – Not Rated
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe for long term
ICICIdirect –
Investmentz –
Jainam Broking Subscribe for long term
DR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
SBI Securities – Subscribe for long term
Samco Securities – Avoid
SMC Global – 2/5
Swastika Investmart – Subscribe for long term
Ventura Securities – Not Rated

Go Digit Insurance Offer Lead Manager

ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email[email protected]
Website: www.icicisecurities.com

Go Digit Insurance Offer Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 8114949
Email: [email protected]
Website: www.linkintime.co.in

Go Digit Insurance IPO Contact Details

Atlantis, 95, 4th B Cross Road,
Koramangala Industrial Layout,
5th Block, Bengaluru 560095, Karnataka
Phone: +91 20 67495400
Email: [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 25 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 800 per application.


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