Go Digit General Insurance Ltd. IPO

Go Digit General Insurance is a leading digital full-stack insurance company in India. They offer a variety of non-life insurance products including motor, health, and travel. Founded in 2017, they've grown rapidly to become the largest digital player in the country. They leverage technology for everything from underwriting to claims, aiming to provide a seamless customer experience. With a focus on innovation and transparency, Go Digit strives to make insurance simple and accessible. pen_spark tune share more_vert

RHP
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DRHP
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Open Date

2024-05-15

Close Date

2024-05-17

Go Digit General Insurance Ltd. IPO Details

Check out the issue details for Go Digit General Insurance Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 272

Price Band

₹ 258 - 272

Issue Size

2614.65 Cr.

Issue Type

Book Built

Open

2024-05-15

Close

2024-05-17

Listingprice

₹ 286

ListingGain

5.15%

Listing Date

2024-05-23

CMP

₹ 341.85

Current Return

25.68%

Company Financials

You can get the following financial statements of Go Digit General Insurance Ltd. as of now.

The details about the Go Digit General Insurance Limited IPO is as:

  • The issue size of the IPO is 2614.65 Cr.
  • The price band for Go Digit General Insurance Limited IPO is Rs 258 to Rs 272.
  • The shares of Go Digit General Insurance Limited IPO will list on 23rd May 2024.
  • The latest tentative GMP of Go Digit General Insurance Limited IPO is Rs 15.
  • The shares of Go Digit General Insurance Limited IPO is subscribed 9.60 Times as of 17th May 2024.

 

Go Digit General Insurance Limited IPO Valuation

The approx valuation of Go Digit General Insurance Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 272
Existing Shares (Qty) 87.58 Cr
Fresh Issue 1125 Cr
Market Cap 24,946.76 Cr
EPS (FY23) Rs 0.41
PE Ratio 663.41x
Industry PE 46.13x

 

Go Digit General Insurance Limited IPO Issue Size

Go Digit General Insurance Limited IPO issue size is 2614.65 Cr

Issue Amount
Fresh Issue 1125 Cr
Offer For Sale 1489.65 Cr

 

Go Digit General Insurance Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 55 shares and a maximum of 13 lots of 715 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 55 14,960
 Maximum 13 715 1,94,480

 

Go Digit General Insurance Limited IPO share offer

The shares of Go Digit General Insurance Limited IPO is subscribed 9.60 Times as of 17th May 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 12.56 Times
Non-Institutional Maximum 15% 7.24 Times
Retail Individual Maximum 10% 4.27 Times
Total   9.60 Times

 

Visit IPO Page in Finology Ticker to track all the IPOs. 

Find below the dates for Go Digit General Insurance Limited IPO:

Schedule Date
Basis of Allotment 21 May 2024
Refunds 22 May 2024
Credit to Demat Account 22 May 2024
IPO Listing Date 23 May 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Other Income 0 0 0 0.24 0.51
Profit Before Tax -175.25 -122.76 -295.86 35.55 181.68
Tax 0 0 0 0 0
Net Profit -175.25 -122.76 -295.86 35.55 181.68

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 816.84 824.69 859.01 874.02 875.16
Borrowings 0 0 0 0 0
Total Liabilities 1113.16 1229.83 1978.15 2441.44 3069.51
Other N/C Assets 66.96 80.83 23.77 1.4 2.48
Total Assets 1113.16 1229.83 1978.15 2441.44 3069.51
Assets
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024
Other Income 742.4 281.79 343.19
Profit Before Tax 52.66 101.34 89.47
Tax 0 0 0
Net Profit 52.66 101.34 89.47
Adjusted EPS (Rs) 0.6 1.1 0.97

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 73.28 0
Jun 2024 73.58 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 0 0 0 0 0
Adjustment 1529.49 2018.59 3020.89 3166.97 2557.77
Tax Paid -328.17 -455.21 -550.18 -915.88 -823.72
Operating Cash Flow 1198.96 1563.37 2470.71 2249.75 1720.47
Investing Cash Flow -2057.25 -1636.61 -3487.2 -2514.29 -1985.88
Financing Cash Flow 819.58 158.88 1003.12 397.07 342.15
Net Cash Flow -38.71 85.63 -13.37 132.53 76.74
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