Go Digit General Insurance Limited

Company Profile
Company Name Go Digit General Insurance Limited
Open Date 15-05-2024
Close Date 17-05-2024
Exchange BSE, NSE
Lot Size 55 Shares
Issue Price ₹258 to ₹272 per share
Issue Size 9,61,26,686 shares
Application Amount ₹14,960
Recommendation Avoid

Go Digit was incorporated December 2016 which specializes in Non-Life Insurance product selling digitally. The company has a registered office in Pune, Maharashtra, a corporate office in Bengaluru, Karnataka, and 75 branch offices across India.
The company provides various non-life insurance products, including motor, health, travel, property, marine, liability, and other customizable insurance solutions and is one of the top players in this segment. As of December 31, 2023 the company had 3,957 employees under its payroll(excluding undergraduate trainees and contract staff).

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 1,874.80 2,919.01 3,346.75 3,619.95
Net Assets -118.55 -293.64 39.19 130.83
Total Borrowings -122.76 -295.85 35.54 129.02
Total Revenue 1,134.57 1,866.87 2,325.47 2,459.34
Profit After Tax 973.14 1,975.07 2,383.61 2,391.97
Total Borrowing - - - 200.00

Tentative Timeline

Opening Date 15/05/2024
Closing Date 17-05-2024
Basis of Allotment 21-05-2024
Initiation of Refunds 22-05-2024
Credit of Shares to Demat 22-05-2024
Listing Date 23-05-2024

Objects of the Issue

To undertake its existing business activities.
To undertake the activities proposed to be funded from the Net Proceeds.

Contact Information

Registered Office Go Digit General Insurance Limited 1 to 6 Floor, Ananta One, Pride Hotel Lane Narveer Tanaji Wadi, City Survey No.1579 Shivajinagar, Pune 411005
Phone +91 20 67495400
Email cs@godigit.com
Website https://www.godigit.com/

Registrar Details

Name 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

IPO Reservation

Anchor Investor Shares Offered 43,257,009 (45.00%)
QIB Shares Offered 28,838,007 (30.00%)
Retail Shares Offered 9,612,668 (10.00%)
NII (HNI) Shares Offered 14,419,002 (15.00%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 83.31%
Share Holding Post Issue (Promoters) 73.58%

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