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The Go Digit IPO is a book-built issue totaling ₹2,614.65 crores. This includes a fresh issue of 4.14 crore shares worth ₹1,125.00 crores and an offer for sale of 5.48 crore shares amounting to ₹1,489.65 crores.
The IPO bidding period was open from May 15, 2024, to May 17, 2024, with the allotment finalized on May 21, 2024 (Tuesday). The shares were listed on the BSE and NSE on May 23, 2024.
The price band for the Go Digit IPO was set between ₹258 and ₹272 per share, and the minimum lot size for retail investors was 55 shares, requiring a minimum investment of ₹14,960. For sNII (Small Non-Institutional Investors), the minimum investment was 14 lots (770 shares), amounting to ₹2,09,440, while for bNII (Big Non-Institutional Investors), the minimum was 67 lots (3,685 shares), totalling ₹10,02,320.
For detailed insights and real-time updates on the Go Digit General Insurance IPO GMP, as well as information about the IPO subscription status and allotment details, investors can rely on trusted platforms like IPO Watch, IPO Allotment BSE, or refer to the Go Digit General Insurance Limited IPO Red Herring Prospectus (RHP). Staying updated on these critical aspects is essential for making well-informed investment decisions in this IPO.
| IPO Date | May 15, 2024 to May 17, 2024 |
| Listing Date | May 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹258 to ₹272 per share |
| Lot Size | 55 Shares |
| Total Issue Size | 9,61,26,686 shares (aggregating up to ₹2,614.65 Cr) |
| Fresh Issue | 4,13,60,294 shares (aggregating up to ₹ 1,125.00 Cr) |
| Offer for Sale | 5,47,66,392 shares of ₹10 (aggregating up to ₹1,489.65 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 87,58,42,046 shares |
| Share Holding Post Issue | Share Holding Pre-Issue |
| 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 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,960 |
| Retail (Max) | 13 | 715 | ₹1,94,480 |
| S-HNI (Min) | 14 | 770 | ₹2,09,440 |
| S-HNI (Max) | 66 | 3,630 | ₹9,87,360 |
| B-HNI (Min) | 67 | 3,685 | ₹10,02,320 |
| 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%) |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,619.95 | 3,346.75 | 2,919.01 | 1,874.80 |
| Revenue | 130.83 | 39.19 | -293.64 | -118.55 |
| Profit After Tax | 129.02 | 35.54 | -295.85 | -122.76 |
| Net Worth | 2,459.34 | 2,325.47 | 1,866.87 | 1,134.57 |
| Reserves and Surplus | 2,391.97 | 2,383.61 | 1,975.07 | 973.14 |
| Total Borrowing | 200.00 |
Maximizing Opportunities with Go Digit General Insurance Limited IPO
In conclusion, the Go Digit General Insurance Limited IPO offers a promising investment opportunity for diversifying their portfolios. With a strong price band, a mix of fresh issues and offers for sale, and listing on major stock exchanges like BSE and NSE, it has garnered significant attention from investors. Staying informed through platforms like IPO Watch, BSE, and the company's Red Herring Prospectus (RHP) is essential to understand the GMP, subscription status, and allotment updates. Making a well-timed and strategic decision can maximize the potential returns from this IPO.
