Go Digit IPO opens for subscription on May 15, 2024 and closes on May 17, 2024. The allotment for the Go Digit IPO is expected to be finalized on Tuesday, May 21, 2024. Go Digit IPO will list on BSE, NSE with tentative listing date fixed as Thursday, May 23, 2024.
Go Digit IPO price band is set at ₹258 to ₹272 per share. The minimum lot size for an application is 55 Shares. The minimum amount of investment required by retail investors is ₹14,960. The minimum lot size investment for sNII is 14 lots (770 shares), amounting to ₹209,440, and for bNII, it is 67 lots (3,685 shares), amounting to ₹1,002,320.
ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Hdfc Bank Limited, Iifl Securities Ltd and Nuvama Wealth Management Limited are the book running lead managers of the Go Digit IPO, while Link Intime India Private Ltd is the registrar for the issue.
| IPO Opening Date | May 15, 2024 |
|---|---|
| IPO Closing Date | May 17, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹258 to ₹272 per share |
| Market Lot | 55 Shares |
| Listing At | BSE, NSE |
| 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) |
| Share holding pre issue | 875,842,046 |
| Share holding post issue | 917,202,340 |
| QIB Shares Offered | Not More than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Go Digit IPO opens on May 15, 2024, and closes on May 17, 2024.
| Basis of Allotment Date | May 21, 2024 |
|---|---|
| Initiation of Refunds | May 22, 2024 |
| Credit of Shares to Demat Account | May 22, 2024 |
| IPO Listing Date | May 23, 2024 |
Investors can bid for a minimum of 16 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 |
Incorporated in December 2016, Go Digit General Insurance Limited is an insurance provider offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products, which customers can customize to meet their needs.
The company has currently launched a total of 74 active products across all its business lines.
As of December 31, 2023, the company had about 61,972 partners, including 58,532 POSPs and other agents.
As of December 31, 2023, the company had a distribution centers in 24 states and union territories in India.
As of Dec 31, 2023, company had 473 active bots to automate tasks for functions and partners.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
Go Digit IPO is a main-board IPO of 96,126,686 equity shares of the face value of ₹10 aggregating up to ₹2,614.65 Crores. The issue is priced at ₹258 to ₹272 per share. The minimum order quantity is 55 Shares.
The IPO opens on May 15, 2024, and closes on May 17, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Go Digit IPO opens on May 15, 2024 and closes on May 17, 2024.
Go Digit IPO lot size is 55 Shares, and the minimum amount required is ₹14,960.
You can apply in Go Digit IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Go Digit IPO will be done on Tuesday, May 21, 2024, and the allotted shares will be credited to your demat account by Wednesday, May 22, 2024.
Check the IPO allotment status.
The Go Digit IPO listing date is not yet announced. The tentative date of Go Digit IPO listing is Thursday, May 23, 2024.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Go Digit IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.