Go Digit IPO Allotment: Timeline and Status Check
The allotment of shares for Go Digit General Insurance IPO is expected to be finalized on May 21st, 2023. Subsequently, the refund process for unsuccessful applicants will commence on May 22nd, 2023. On the same day, shares will be credited to the demat accounts of successful applicants. The much-anticipated listing date for Go Digit IPO has been set as May 23rd, 2023.
During the bidding period, the issue witnessed an overwhelming response, with the subscription status reaching 9.60 times on the final day.
How to Check Go Digit IPO Allotment Status:
To check the allotment status of Go Digit IPO, you can visit the website of the registrar, Link Intime India Private Ltd.: https://linkintime.co.in/initial_offer/public-issues.html.
1. Select the IPO from the dropdown menu.
2. Choose the method to check status: PAN, Demat Account, or Application Number.
3. Specify the application type (ASBA or non-ASBA).
4. Enter the Captcha and click ‘Submit’ to view the allotment status.
Go Digit IPO Details:
The Go Digit IPO opened for subscription on May 15th, 2023, and closed on May 17th, 2023. The issue allocated 75% of its shares to qualified institutional investors, 15% to non-institutional investors, and the remaining 10% to retail investors. The IPO comprised an offer-for-sale (OFS) of 54,766,392 equity shares by promoters and other selling shareholders.
The company intends to utilize the net proceeds from the IPO for various initiatives and ongoing business operations. ICICI Securities Limited, Axis Capital Limited, Edelweiss Financial Services Ltd, HDFC Bank Limited, and IIFL Securities Ltd. acted as the book running lead managers for the Go Digit IPO.
