Since its announcement, the Go Digit general insurance IPO has sparked considerable interest among investors, promising a significant addition to the insurance sector. Founded in 2016, Go Digit has rapidly gained recognition for its digital full-stack insurance services, focusing on simplifying insurance processes and enhancing customer experiences through technology.
With its impending debut in the market, stakeholders are eagerly awaiting the opportunity to delve into the details of this much-anticipated IPO from Go Digit. Here in this article, we will delve into the key details about the Do Digit general insurance IPO and the implications of its public offering.
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Go Digit General Insurance IPO Details
The Go Digit insurance IPO represents a strong move as it can help the company to expand its footprint and capitalize on emerging market opportunities. The Go Digit IPO is set to open from May 15 to May 17, 2024, offering investors a chance to become part of the company’s growth story, leveraging its strong fundamentals and promising results.
The IPO comprises a fresh issue of INR 1,125 crore and an offer-for-sale (OFS) of 54,766,392 equity shares. Each share is priced in the range of INR 258 to INR 272, the IPO also expects to raise significant capital for its expansion and strategic initiatives.
Face Value, Price Band, & Lot Size of Go Digit IPO
This table lists the IPO’s face value, price band, lot size, and other similar details.
| IPO Date | May 15, 2024 to May 17, 2024 |
| Face Value | ₹10 per share |
| Listing Exchange | BSE, NSE |
| Price Band | ₹258 to ₹272 for each share |
| Total size of the lot | 55 Shares |
| Total Issue Size | 96,126,686 shares, which aggregate to ₹2,614.65 crore. |
| Fresh Issue | 41,360,294 shares, which aggregate up to ₹1,125.00 crore. |
| Offer for Sale | 54,766,392 shares of each ₹10, which aggregate up to ₹1,489.65 crore. |
| Employee Discount | N/A |
Details of the Indegene Ltd IPO For Sale
Here are the key details regarding the IPO.
Go Digit General Insurance IPO GMP (Grey Market Premium)
Go Digit General Insurance IPO GMP reflects the premium at which the shares are trading in the unofficial market. As of the latest available information, the GMP for the Go Digit IPO stands at 40 INR.
| Date | IPO Price | GMP |
| 17 May, 2024 | ₹272 | ₹35 |
| 16 May, 2024 | ₹272 | ₹40 |
| 15 May, 2024 | ₹272 | ₹40 |
| 14 May, 2024 | ₹272 | ₹45 |
| 13 May, 2024 | ₹272 | ₹50 |
| 12 May, 2024 | ₹272 | ₹40 |
| 11 May, 2024 | ₹272 | ₹45 |
Note: This price will be changing daily!
Go Digit General Insurance IPO Lot Size
| 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 |
Go Digit General Insurance IPO Allotment Date
The allotment date for the Go Digit IPO holds significant importance for investors eagerly awaiting their share allocation. The company says May 21, 2024, will be the allotment date. This marks the allocation of shares to successful bidders, determining their ownership stake in the company.
Go Digit General Insurance IPO Other Important Dates
Important dates with respect to Go Digit general insurance IPO.
Indegene IPO: Important Dates
If you are an investor, it is crucial to be mindful of the dates associated with the opening and closing of the IPO.
| IPO Opening date | May 15, 2024 |
| IPO Closing Date | May 17, 2024 |
| Basis of IPO Allotment | May 21, 2024 |
| Initiation of Refunds | May 22, 2024 |
| The credit of Shares to Demat | May 22, 2024 |
| IPO Listing Date | May 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 17, 2024 |
If you are an investor who is looking forward to buying Go Digit IPO, or else a person who is looking for some extra income, keep the above dates in mind and make your move. Just so you know, the minimum investment in the Go Digit general insurance IPO is 14,960 INR, which gives you 55–58 shares as per the price range (258–272 INR).