GO Digit IPO: Subscriptions for the Go Digit IPO begin on May 15. It closes on May 17. On May 23, the issue is expected to list on the BSE and NSE.
Today is the subscription opening for Virat Kohli‘s Go Digit General Insurance IPO. In the ₹2,614.65 crore issue, 4.14 crore shares valued at ₹1,125 crore are being issued freshly. A total of 5.48 crore shares, valued at ₹1,489.65 crore, are up for sale.
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What you need to know most about the Go Digit IPO is as follows:
Important Go Digit IPO dates
On May 15, subscriptions to the publication open. The closing date is May 17.
Go Digit IPO pricing range
The price range for the offering has been established at ₹258 to ₹272 per share.
Details of the Go Digit IPO
The offers consist of an offer for sale (OFS) of up to 5.47 crore shares and a new equity issuance of ₹1,125 crore. In the OFS, Go Digit Infoworks and other shareholders will sell off their ownership stakes.
Objectives of Go Digit IPO
The company intends to utilize the net proceeds from the issue to support its ongoing business operations and to fund other planned activities.
Go Digit IPO lot dimensions
Investors have the option to bid for a minimum of 55 equity shares and in multiples of that amount. The minimum investment required for retail investors would be ₹14,190, while at the higher end, the bidding amount would rise to ₹14,960.
Details about Go Digit IPO firm
Established in December 2016, the insurance provider offers a range of products including health, travel, and property insurance. Currently, the company boasts a portfolio of 74 active products spanning across all its business segments.
Financials of Go Digit’s IPO
For the nine months ending FY24, the company reported a net profit of ₹1,290 crore, marking a significant rise from ₹100.21 crore recorded during the corresponding period in FY23.
Lead managers for Go Digit IPO
ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, HDFC Bank Limited, IIFL Securities Ltd, and Nuvama Wealth Management Limited serve as the book-running lead managers for the Go Digit IPO.
Registrar for Go Digit IPO
Registration for the issue is being handled by Link Intime India Private Ltd.
Listing of the Go Digit IPO
On May 23, the IPO is expected to be listed on the BSE and NSE.
