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.
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 | 15 – 17 May 2024 |
| Go Digit IPO Price | INR 258 – 272 per share |
| Fresh issue | INR 1,125 crore |
| Offer For Sale | 54,766,392 shares (INR 1,412.97 – 1,489.65 crore) |
| Total IPO size | INR 2,537.97 – 2,614.65 crore |
| Minimum bid (lot size) | 55 shares (INR 14,960) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Go Digit Insurance Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Premium Earned | 1,943.69 | 3,404.23 | 5,163.67 | 5,114.61 |
| Operating income | (185.49) | (375.14) | (66.28) | (10.12) |
| Net income | (122.76) | (295.85) | 35.55 | 129.02 |
Go Digit Insurance Offer News
- Go Digit IPO: 10 Points Investors Should Know
- Go Digit Insurance RHP
- Go Digit Insurance DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Go Digit Insurance Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | (1.40) | (3.38) | 0.41 | 1.88 |
| PE Ratio | – | – | 635.60 – 670.09 | 137.56 – 145.02 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | (10.82) | (15.85) | 1.53 |
| NAV | 12.95 | 21.32 | 26.55 |
| ROE (%) | (10.82) | (15.85) | 1.50 |
| EBITDA (%) | (3.5) | (5.4) | 0.7 |
Go Digit Insurance IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 22 May 2024 | 25 | – | 800 |
| 21 May 2024 | 25 | – | 800 |
| 20 May 2024 | 15 | – | 500 |
| 18 May 2024 | 10 | – | 400 |
| 17 May 2024 | 10 | – | 600 |
| 16 May 2024 | 20 | – | 1,000 |
| 15 May 2024 | 43 | – | 1,800 |
| 14 May 2024 | 43 | – | 1,800 |
| 13 May 2024 | 55 | 600 | 2,000 |
| 11 May 2024 | 60 | 700 | 2,500 |
| 10 May 2024 | 50 | – | – |
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
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 2,88,38,007 | 1,44,19,002 | 96,12,668 | 5,28,69,677 |
| 17 May 2024 | 12.56 | 7.23 | 4.26 | 9.60 |
| 16 May 2024 | 0.24 | 0.73 | 2.54 | 0.79 |
| 15 May 2024 | 0.00 | 0.34 | 1.44 | 0.36 |
Go Digit Insurance – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Net Income (Cr.) |
| Go Digit General Insurance | 670.09 | 0.41 | 1.53 | 26.55 | 35.55 |
| New India Assurance | 38.47 | 6.36 | 5.13 | 125.64 | 1,061.29 |
| Star Health and Allied Insurance | 53.79 | 10.70 | 11.39 | 93.35 | 618.59 |
| ICICI Lombard General Insurance | 48.14 | 35.21 | 16.64 | 211.60 | 1,729.05 |
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 Date | 15 May 2024 |
| Go Digit Insurance IPO Closing Date | 17 May 2024 |
| Finalization of Basis of Allotment | 21 May 2024 |
| Initiation of refunds | 22 May 2024 |
| Transfer of shares to demat accounts | 22 May 2024 |
| Go Digit Insurance IPO Listing Date | 23 May 2024 |
| Opening Price on NSE | INR 286 per share (up 5.15%) |
| Closing Price on NSE | INR 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 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 IPO 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 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.
