The price band for Go Digit General Insurance Limited’s (Go Digit) initial public offering (IPO) has been set between ₹258 to ₹272 per equity share, with a face value of ₹10. The IPO will open for subscription on May 15 and close on May 17. Allocation of shares to anchor investors will occur on May 14.
The IPO will comprise equity shares with a face value of ₹10. The minimum bid lot is 55 shares, and all subsequent bids must be in multiples of 55 shares.
The distribution of shares among different investor categories is as follows:
* Qualified Institutional Buyers (QIB): 75%
* Non-Institutional Investors (NII): 15%
* Retail Investors: 10%
The basis of share allotment is expected to be finalized on May 21, with refunds for unsuccessful applicants commencing on May 22. Shares will be credited to allottees’ demat accounts on the same day after the refund process is completed. The shares are expected to be listed on the BSE and NSE on May 23.
Go Digit’s promoters include FAL Corporation, Oben Ventures LLP, GoDigit Infoworks Services Private Limited, and Kamesh Goyal. Book running lead managers for the IPO are ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Edelweiss Financial Services Ltd, Hdfc Bank Limited, and Iifl Securities Ltd. Link Intime India Private Ltd. is the registrar for the issue.
