The allotment for Go Digit General Insurance Ltd’s initial public offering (IPO) has been finalized. The IPO garnered robust investor demand and was open for subscription from May 15 to May 17. The company’s shares are set to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on May 23. Applicants can ascertain their allotment status online through Link Intime India Pvt Ltd, the registrar of the Go Digit IPO.
The allotment of shares for Go Digit General Insurance IPO is scheduled to be finalized on May 21st, 2023. Those who have not been allotted the shares can expect the refund process to commence on May 22nd, 2023. Additionally, the shares will be deposited into the demat accounts on May 22nd, 2023, and the listing date for the Go Digit IPO has been set for May 23rd, 2023. On the last day of the bidding process, the issue’s subscription status stood at 9.60 times.
Go Digit General Insurance IPO, backed by Virat Kohli, opened for subscription on May 15th and will close on May 17th. The issue size is ₹ 2,614.65 crore, including a fresh issue of 4.14 crore shares worth ₹ 1,125 crore and an offer for sale of 5.48 crore shares worth ₹ 1,489.65 crore. Here are key points to consider before investing:
Virat Kohli and Anushka Sharma are set to enjoy a hefty 271% return on their investment in insurance startup Go Digit following its upcoming IPO listing. Kohli’s initial investment of ₹2 crore has potentially grown to ₹9.25 crore, while Sharma’s ₹50 lakh investment could reach ₹1.85 crore at the upper price band of ₹278. This substantial profit demonstrates their savvy investment decisions and the market’s faith in Go Digit’s prospects.
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.
