₹ 14960 / 55 shares
IPO Details
RHP/DRHPIssue Date
15 May - 17 May'24
Investment/lot
₹ 14960
Price Range
258 - 272
Lot Size
55
IPO Size
₹ 2614.65 Cr
IPO Listing Details
Listing On
23 May'24
Issue Price
272
Listed Price
₹ 286
Retail Gain/Listing Gain
▲5.15%
IPO Timeline
Go Digit’s Chairman on IPO | Insurance | Shareholder Virat Kohli | Kotak Chatroom
Kotak Securities
•11m 57s
Go Digit General Insurance Company Background
Go Digit General Insurance is one of the leading digital full-stack non-life insurance companies, leveraging technology to power an innovative approach to product design, distribution and customer experience for non-life insurance products.
The company offers motor, health, travel, property, marine and liability insurance, among other insurance products, which customers may customise to meet their individual needs.
With that, let's take a look at the competitive strength and risk factors for Go Digit General Insurance Limited:
Go Digit General Insurance Competitive Strengths
High-quality customer experience
Advanced technology platform
Predictive Underwriting Models
Go Digit Risk Factors
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Sustaining profitability in the future remains uncertain given their track record of losses.
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Their loss reserves, based on future claims estimates, may need adjustments, potentially impacting operational results.
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Falling short of IRDAI's mandatory ratios may lead to regulatory actions, impacting new transactions and necessitating changes to the business strategy and growth plans.
Key Strategies
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Be known as a leader in customer service.
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Acquire new customers across the company’s current products in the Indian non-life insurance market.
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Grow the product portfolio to meet Indian market needs and drive further adoption across its product suite.
Go Digit General Insurance Key Financials
Here are the key financials for Go Digit General Insurance Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
How to apply for an IPO using UPI
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Go Digit General Insurance Ltd IPO?
Here are the steps to apply for Go Digit General Insurance Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Go Digit IPO FAQs
When is Go Digit IPO listing date?
Go Digit IPO will list on 2024-05-23.
What is the issue size of Go Digit IPO?
2614.65 is the issue size of Go Digit IPO.
What is the minimum lot size required for Go Digit IPO?
The minimum lot size is 55 shares and the investment required is ₹14960.
What is the price band of the Go Digit IPO?
The price band of Go Digit IPO is ₹258 to ₹272.
Where can I read more about Go Digit business?
You can read more about Go Digit and its IPO from the company’s red herring prospectus (RHP) here.
What is the Go Digit General Insurance Limited IPO?
The Go Digit General Insurance Limited IPO has an issue size of Rs. 2,615 crores. The IPO opens for subscription on 15th May 2024 and closes on 17th May 2024
Who is the Registrar for Go Digit General Insurance Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.