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Go Digit General Insurance Limited
Issue Size (Net)
up to Rs.2,614.65 Cr
Price Band
Rs.258 to Rs.272 per share
Issue Opens
May 15, 2024
Issue Closes
May 17, 2024

Company Highlights

1.Company Information

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.
As of December 31, 2023, the company currently operates 75 offices throughout India.
As of March 31, 2023 and December 31, 2023, the company had 3,333 and 3,957 employees, respectively.

2. Objects of the Issue
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
1.To undertake its existing business activities; and
2.To undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, which, the company believes, will enhance the visibility and its brand image among its existing and potential customers.
3.Go Digit IPO Registrar
Link Intime India Private Ltd

Phone:+91-22-4918 6270

Email: godigit.ipo@linkintime.co.in

Website:https://linkintime.co.in/initial_offer/public-issues.html

Go Digit General Insurance Limited Financial Information (Restated)

Period Ended
Assets
Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Dec-23
3619.95
130.83
129.02
2459.34
2391.97
200
31-Mar-23
3346.75
39.19
35.54
2325.47
2383.61
31-Mar-22
2919.01
-293.64
-295.85
1866.87
1975.07
31-Mar-21
1874.80
-118.55
-122.76
1134.57
973.14
Amount in Rs. Crore

Go Digit IPO Details

Issue Opening Date
May 15, 2024
Issue Closing Date
May 17, 2024
Face Value
Rs.10 per share
Price
Rs.258 to Rs.272 per share
Lot Size
55 Shares
Issue Size
96,126,686 shares (aggregating up to Rs.2,614.65 Cr)
Fresh Issue
41,360,294 shares(aggregating up to Rs.1,125.00 Cr)
Offer for Sale
54,766,392 shares of Rs.10(aggregating up to Rs.1,489.65 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Go Digit IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Wednesday, May 15, 2024
Closing 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

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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