
Financial Services / Insurance · NSE / BSE
Go Digit General Insurance Limited started its journey in December 2016 and has quickly become one of India's leading insurance providers. The company offers a wide variety of insurance products like motor, health, travel, property, marine, and liability insurance, catering to different customer needs. With 74 active insurance products and a strong network of 61,972 partners (including 58,532 POSPs and agents), Go Digit has made its mark across 24 states and union territories in India. The company uses 473 active bots to automate tasks, making processes faster and more efficient for both customers and partners. Go Digit operates through 75 offices across the country, with a growing team of 3,957 employees as of December 31, 2023 – a significant jump from 3,333 employees in March 2023. The company’s focus on technology and customer satisfaction has helped it become a trusted name in the insurance industry.
Price Band
₹258 – ₹272
Issue Size
₹2615 Cr
Lot Size
55 shares
GMP
+2.9%
Est. Listing
₹280
at current GMP
Subscribed
9.60x
overall
Open
15 May 2024
Close
17 May 2024
Allotment
21 May 2024
Refund
22 May 2024
Demat Credit
23 May 2024
Listing
23 May 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
21 May 2024
Basis finalization
Refunds Initiate
22 May 2024
Mandate release
Demat Credit
23 May 2024
Shares in demat
Listing Debut
23 May 2024
Trading begins
GO DIGIT GENERAL INSURANCE is bringing an initial public offering (IPO) in the Financial Services / Insurance sector with an aggregate issue size of ₹2,614.65 Crores. The shares are offered at a price band of ₹258 to ₹272 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 55 shares (approx. ₹14,960 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-05-23, while un-allotted funds or UPI block mandates will be released on 2024-05-22.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.