To check Go Digit General Insurance Limited IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to jgchemicals.ipo@kfintech.com.
The Go Digit IPO is a Rs 2,614.65 crore book built issue. The offering for sale of 5.48 crore shares, valued at Rs 1,489.65 crores, and the new issuance of 4.14 crore shares, valued at Rs 1,125.00 crores, make up the issue.
Bidding for the Go Digit IPO began on May 15, 2024, and it concluded on May 17, 2024. On Tuesday, May 21, 2024, the allocation for the Go Digit IPO is anticipated to be completed. Go Digit IPO is scheduled to go public on the BSE and NSE, with a provisional listing date of Thursday, May 23, 2024.
The pricing range for the Go Digit IPO is ₹258 to ₹272 per share. 55 Shares is the minimum lot size required for an application. Retail investors are required to invest a minimum of ₹14,960. For both sNII and bNII, the minimum lot size investment is ₹209,440 for 14 lots (770 shares) and ₹1,002,320 for 67 lots (3,685 shares).
Go Digit IPO Details
| IPO Date | May 15, 2024 to May 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹258 to ₹272 per share |
| Lot Size | 55 Shares |
| Total Issue Size | 96,126,686 shares (aggregating up to ₹2,614.65 Cr) |
| Fresh Issue | 41,360,294 shares (aggregating up to ₹1,125.00 Cr) |
| Offer for Sale | 54,766,392 shares of ₹10 (aggregating up to ₹1,489.65 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 875,842,046 |
| Share holding post issue | 917,202,340 |
Go Digit IPO Reservation
Go Digit IPO offers 96,126,686 shares. 28,838,007 (30.00%) to QIB, 14,419,002 (15.00%) to NII, 9,612,668 (10.00%) to RII and 43,257,009 (45.00%) to Anchor investors. 174,775 RIIs will receive minimum 55 shares and 6,241 (sNII) and 12,483 (bNII) will receive minimum 770 shares. (in case of oversubscription)
| 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%) |
Go Digit IPO Anchor Investors Details
Go Digit IPO raises Rs 1,176.59 crore from anchor investors. Go Digit IPO Anchor bid date is May 14, 2024. Go Digit IPO Anchor Investors list
| Bid Date | May 14, 2024 |
| Shares Offered | 43,257,009 |
| Anchor Portion Size (In Cr.) | 1,176.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 19, 2024 |
Go Digit IPO Timeline (Tentative Schedule)
Go Digit IPO opens on May 15, 2024, and closes on May 17, 2024.
| 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 |
Go Digit IPO Lot Size
Investors can bid for a minimum of 55 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,960 |
| Retail (Max) | 13 | 715 | ₹194,480 |
| S-HNI (Min) | 14 | 770 | ₹209,440 |
| S-HNI (Max) | 66 | 3,630 | ₹987,360 |
| B-HNI (Min) | 67 | 3,685 | ₹1,002,320 |
| Lot Size Calculator | |||
Go Digit IPO Promoter Holding
The promoter of the company are Kamesh Goyal, GoDigit Infoworks Services Private Limited, Oben Ventures LLP And FAL Corporation.
| Share Holding Pre Issue | 83.31% |
| Share Holding Post Issue |
About Go Digit General Insurance Limited
Go Digit General Insurance Limited was established in December 2016 and provides a range of insurance products that clients can tailor to their specific requirements, including liability, health, travel, property, marine, and auto insurance.
Currently, the company’s business lines comprise 74 active goods that it has launched.
The company has around 61,972 partners as of December 31, 2023, of which 58,532 were POSPs and other agents.
The company operated distribution sites in 24 Indian states and union territories as of December 31, 2023.
The organization had 473 active bots as of December 31, 2023, to automate tasks for partners and functions.
Go Digit General Insurance Limited Financial Information (Restated)
Go Digit General Insurance Limited’s revenue increased by 113.35% and profit after tax (PAT) rose by 112.01% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | |||
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of Go Digit IPO is Rs 24947.9 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 5.25% |
| P/BV | 9.67 |
Check Go Digit IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.41 | 1.88 |
| P/E (x) | 670.31 | 145.03 |
Note: The Pre-IPO EPS is determined using the most recent FY results as of March 31, 2023, which is available in RHP, and the Pre-issue shareholding as of the RHP date.
The post-issue shareholding and annualized FY earnings of December 31, 2023, which are available in RHP, are the basis for calculating the post-issue EPS.
Objects of the Issue (Go Digit IPO Objectives)
The following goals are what the company plans to use the net proceeds for.
To carry out its current business operations; and To carry out the projects that are suggested to get funding from the Net Proceeds. In addition, the company anticipates benefits from listing the equity shares on stock exchanges, which it believes would improve brand awareness and image among current and prospective customers.
