GO DIGIT GENERAL INSURANCE LIMITED

15 May 2024 - 17 May 2024 Individual Category Main Board BSE

Min Investment

₹28380

Price Band

₹258-₹272

Issue Size

528.7 lakhs
Equity Shares

Lot Size

55 (per lot)

IPO Dates
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15 May 2024

Open Date

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17 May 2024

Close Date

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21 May 2024

Allotment Date

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23 May 2024

Listing Date

Digit General Insurance IPO is open for subscription starting Wednesday, May 15, 2024, and closing on Friday, May 17, 2024. This is a book-built issue, which is a combination of fresh issue and offer for sale. The fresh issue is of Rs 1,125 crore and offer for sale is of 5.48 crore equity shares. The price band and lot size details are not yet announced. The allotment for this IPO is expected to be finalised on Tuesday, May 21, 2024. Digit General Insurance Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, May 23, 2024. The book-running lead managers of Digit General Insurance Limited are ICICI Securities Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, Edelweiss Financial Services Limited, HDFC Bank Limited, IIFL Securities Limited. The registrar for this new IPO is Link Intime India Private Limited.

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About Go Digit General Insurance Limited

Go Digit Insurance Limited was incorporated in 2016, is an insurance provider offering various types of Insurance such as motor insurance, health insurance, travel insurance, property insurance marine insurance and other insurance products. Go Digit has launched a total of 74 products across its business line. The company sells its products online through their website and offline by POSP mode. The POSP stands for Point of the salesperson. The agent can sell Car Insurance, Bike Insurance, Health Insurance and other types of Insurance. The claim execution process is online and fast as compared to its peers. Go Digit brand is sponsored by famous Indian cricketer Virat Kohli due to which its brand value is high. As of December 31 2023, the company had 61,972 partners, including 58,532 POSPs and other agents. They had distribution centres in 24 states and union territories in India. Additionally, the company had 473 active bots to automate tasks for functions and partners. Go Digit currently operates 75 offices throughout India. 

Founded

2016

Managing Director

Jasleen Kohli

Parent Organization

IPO Objectives

The net funds received from Go Digit Insurance IPO will get utilised to undertake its existing business activities. Also, the company will get the listing benefits which will enhance the brand visibility among its existing and potential customers. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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