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Check IPO Date, Lot Size, Price & Details
Overview of Go Digit General Insurance Ltd. IPO
IPO Date
15-May-2024 to 17-May-2024
Face Value
₹10
Price Band
₹258 to ₹272
Lot Size
55 Share
Issue Size
96,126,686 shares (aggregating up to ₹2,614.65 Cr)
Listing At
BSE, NSE
Basis of Allotment
21-May-2024
Initiation of Refunds
22-May-2024
Credit of Shares to Demat
22-May-2024
Listing Date
23-May-2024
Cut off time for UPI Mandate
17-May-2024
Objective of Go Digit General Insurance Ltd. IPO
The net proceeds from the issuance of 41.36 crore shares, amounting to Rs.1125 crores will be utilised for Maintenance of Solvency Ratio.
About Go Digit General Insurance Ltd. IPO
Go digit, incorporated in 2016, backed by star couple Virat Kohli and Anushka Sharma aims to make insurance simple. Through innovation and transparency, they believe in delivering a seamless customer experience journey in a significant financial product an individual would purchase in their lifetime. They are one of the leading digital full stack insurance companies, leveraging their technology to power what they believe to be an innovative approach to product design, distribution and customer experience for non-life insurance products. Digital full stack insurers are insurance manufacturing companies that focus on integrating technology in their operations. They offer motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products, which the customers can customize to meet his or her needs.
Go Digit General Insurance is a Mainboard IPO with a book-built issue of Rs. 2,615 crores, with fresh issue of Rs.1,125 crore and OFS of Rs.1,490 crore. The IPO will open from 15th May 2024 to 17th May 2024, allotment is expected to be done on 21st May, and it will list on BSE and NSE on 23rd May 2024. The price band is ₹258 to ₹272 per share, with a minimum lot size of 55 shares, and minimum investment amount of ₹14,960. The book running lead manager is ICICI Securities Limited, Moran Stanley India, Axis Capital, HDFC Bank, IIFL Securities, Nuvama Wealth Management. Bigshare Services Private Ltd is the registrar for the issue.
Go Digit General Insurance Ltd. IPO Financials
Particulars (in Cr) | 9MFY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Total Revenue Annual | 6,680 | 7,243 | 5,268 | 3,243 |
Operating Expenses Annual | 6,537 | 7,192 | 5,551 | 3,357 |
Operating Profit Annual | 143 | 51 | -283 | -114 |
Depreciation | 131 | 151 | 124 | 90 |
Interest Annual | 8.13 | - | - | - |
Tax Annual | - | - | - | - |
Net Profit Annual | 129 | 36 | -296 | -123 |
Total Share Holder Funds | 2,459 | 2,325 | 1,867 | 1,134 |
Fixed Asset Annual | 161 | 162 | 149 | 102 |
Total Non Current Asset | 2,551 | 2,409 | 2,267 | 1,404 |
Total Current Asset | 1,069 | 938 | 652 | 471 |
Total Asset Annual | 3,620 | 3,347 | 2,919 | 1,875 |
Book Value Per Share | ₹ 27.75* | ₹ 26.61 | ₹ 21.73 | ₹ 13.76 |
ROE | 5.3%* | 1.5% | -15.9% | -10.8% |
Total Debt To Total Equity | 1.23 | - | - | - |
EBIDTA | 2.1% | 0.7% | -5.4% | -3.5% |
Cash From Operating | 1,263 | 2,250 | 2,479 | 1,563 |
Cash From Investing | -1,622 | -2,514 | -3,487 | -1,637 |
Cash From Finance | 203 | 397 | 995 | 159 |
Net Cash Flow | -157 | 133 | -134 | 86 |
Promoter's Holding
Total Share Capital
-
Offered to Public
-
Promoter’s Holding(Pre-Issue)
83.31%
Promoter’s Holding(Post-Issue)
-
Go Digit IPO is a main-board IPO of 96,126,686 equity shares of a face value of ₹10, aggregating up to ₹2,614.65 Crores. The issue is priced at ₹258 to ₹272 per share. The minimum order quantity is 55 Shares.
The IPO opens on May 15, 2024, and closes on May 17, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Go Digit IPO opens on May 15, 2024, and closes on May 17, 2024.
Go Digit IPO lot size is 55 Shares, and the minimum amount required is ₹14,960.
The Basis of Allotment for the Go Digit IPO will be finalized on Tuesday, May 21, 2024, and the allotted shares will be credited to your demat account by Wednesday, May 22, 2024.
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