Go Digit General Insurance Limited IPO Details - Open/Close/Listing Date, Price, Size, GMP

Important information regarding Go Digit General Insurance Limited IPO:
Open Date Wednesday, May 15, 2024
Close Date Friday, May 17, 2024
Issue Size ₹2,614.65 Crores
Price ₹258 to ₹272 per share
Lot Size 55 Shares
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

For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.

Go Digit General Insurance Limited IPO Objective:

Maintenance of solvency ratio-The solvency ratio of an insurance company is how much capital it has compared to the risk it has taken on.

About Go Digit General Insurance Limited:

Go Digit General Insurance Limited is a premier digital full stack insurance provider, employing technology to revolutionize product design, distribution, and customer experience in non-life insurance. Their dominance in India’s digital insurance landscape is highlighted by capturing over 82% of Gross Written Premiums, offering diverse customizable insurance solutions across various sectors.

Go Digit General Insurance Limited Financials:

Particulars Nine months ended Dec 31, 2023 Nine months ended Dec 31, 2022 FY ended Mar 31, 2023 FY ended Mar 31, 2022 FY ended Mar 31, 2021
Equity share capital 8,747.00 8,738.75 8,740.18 8,590.12 8,246.92
Net Worth 24,593.43 22,995.76 23,254.68 18,668.65 11,345.71
Total Income 58,911.89 42,840.58 58,857.01 38,409.65 22,519.88
-Policyholder 57,502.35 42,146.30 57,802.39 37,594.63 21,850.45
-Shareholder 1,409.54 694.28 1,054.62 815.02 669.43
Operating Profit/(Loss) for the period/year (101.22) (570.09) (662.75) (3,751.43) (1,854.92)
Restated Profit/(Loss) for the period/year 1,290.17 100.21 355.47 (2,958.51) (1,227.64)
Operating Profit Ratio (0.2)% (1.5)% (1.3)% (11.0)% (9.5)%
Earnings per share -Basic 1.48 0.12 0.41 (3.55) (1.50)
Earnings per share -Diluted 1.46 0.11 0.40 (3.55) (1.50)
Restated net asset value per Equity Share (Basic) 28.12 26.31 26.61 21.73 13.76
Restated net asset value per Equity Share (Diluted) 27.75 25.93 26.20 21.36 13.52
Total Borrowings 2,000.00 - - - -

About the industry:

As per the IRDAI and Red Seer Report (page 14), exclusively funded by their company for the Offer, Indian non-life insurance generated approximately US$33.30 billion in GWP in Fiscal Year 2023, with a CAGR of 11.2% from FY2018 to FY2023 and 13.6% from FY2021 to FY2023. As of the nine months ended December 31, 2023, non-life insurance contributed about US$27.50 billion in GWP, compared to US$24.60 billion for the same period in 2022, indicating positive growth momentum.

How to apply for this Go Digit General Insurance Limited IPO??

You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.

Quick Apply for the IPO here!

Do let us know your thoughts on this IPO.

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Just FYI, Virat Kohli and Anushka Sharma are set to gain more than 266% on their investment in this company. :astonished: :exploding_head:

Late post and late query.

What is the cut off time for any IPO on Dhan on last day?

Because for this Go Digit IPO on May 17 (last day) I tried to apply at around 4:45PM and it was showing me error which I dont remember now. I was in a hurry for some other work, so I did not have time to take screenshot and did not post query here.

I remember somewhat that it said something like NOT AVAILABLE for category IND.

IND probably means individual category. I was trying to apply for more than 2lakhs. (HNI)

So my question is when does DHAN stop accepting the HNI IPO application?

Thank you

Hi @amish

Orders for an IPO can be placed from 10:00 AM on the day it opens until 5:00 PM on the day it closes. IPO applications are not processed in real-time and can take several minutes to a few hours. Applications collected on the last day after 4 PM are sent to the exchange on a best-effort basis.

The IPO window for HNI investors closes at 4 PM (as defined by exchange) on the last day of bidding

1 Like