Go Digit Insurance IPO GMP, Price, Allotment, Profit Estimate 2024 - IPO Central

Go Digit Insurance IPO GMP, Price, Allotment, Profit Estimate 2024 – IPO Central

Time Stamp: March 8, 2024 3:33 AM
Source Node: 2507932
Go Digit Insurance IPO GMP

Go Digit Insurance IPO Description – Go Digit is a prominent player among digital full-stack insurance companies, commanding about 82.3% 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 2022, the company had 35,325,561 customers who have availed of insurance benefits under various policies issued since the inception of its insurance operations in 2017. As of 31 December 2022, the company has introduced a total of 66 products across its product lines. Among these, 64 products are currently active, while 2 have been abandoned.

Go Digit’s Gross Written Premium (GWP) stood at INR 52.88 billion and INR 36.49 billion for the nine-month periods ending 31 December 2022, and 31 December 2021, respectively, reflecting a growth of 44.9%. In Fiscal 2022, 2021, and 2020, the GWP amounted to INR 52.68 billion, INR 32.43 billion, and INR 22.52 billion, respectively, representing a Compound Annual Growth Rate (CAGR) of 52.9% from Fiscal 2020 to Fiscal 2022.

As of 31 December 2022, and 31 March 2022, the company employed 3,168 and 2,568 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

Table of Contents

Go Digit Insurance IPO Details

Go Digit IPO Dates Coming soon

Go Digit IPO Price Coming soon

Fresh issue INR 1,250 crore

Offer For Sale 109,445,561 shares

Total IPO size Coming soon

Minimum bid (lot size) Coming soon

Face Value  INR 10 per share

Retail Allocation 10%

Listing On BSE, NSE

Go Digit Insurance Financial Performance

  FY 2020 FY 2021 FY 2022 9M FY 2023

Premium Earned 1,241.35 1,943.69 3,404.23 3,767.32

Operating income (226.94) (185.49) (375.14) (57.01)

Net income (175.24) (122.76) (295.85) 10.02
Figures in INR Crores unless specified otherwise

Go Digit Insurance Offer News

Go Digit Insurance Valuations & Margins

FY 2020 FY 2021 FY 2022

EPS (2.41) (1.50) (3.55)

PE ratio – – –

RONW (%) (15.61) (10.82) (15.85)

NAV 13.63 13.52 21.36

ROE (%) (15.61) (10.82) (15.85)

EBITDA (%) (7.5) (3.5) (5.4)
*Compiled by IPO Central from Prospectus

Go Digit Insurance IPO GMP Today (Daily Trend)

Go Digit Insurance IPO Objectives

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

Go Digit Insurance IPO Subscription – Live Updates

Coming soon

Go Digit Insurance – Comparison With Listed Peers

Go Digit Insurance IPO Allotment Status

Go Digit Insurance IPO allotment status will be 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 Coming soon

Go Digit Insurance IPO Closing Date Coming soon

Finalization of Basis of Allotment Coming soon

Initiation of refunds Coming soon

Transfer of shares to demat accounts Coming soon

Go Digit Insurance IPO Listing Date Coming soon

Opening Price on NSE Coming soon

Closing Price on NSE Coming soon

Go Digit Insurance IPO Reviews – Subscribe or Avoid?

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Go Digit Insurance IPO Lead Manager

ICICI SECURITIES LIMITED
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

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: [email protected]
Website: www.linkintime.co.in

GO DIGIT GENERAL INSURANCE LIMITED
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 NA 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 NA per application.

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