Go Digit General Insurance Limited IPO

Price
₹258 - ₹272
Lot
55
Subs.
N/A
Expected Listing Earning

Exp. Premium(GMP):
70.01(25.74%)
IPO Details

Open Date: 15-May-2024
Close Date: 17-May-2024
Allotment Date: 21-May-2024
Listing Date: 23-May-2024
Listing Price: N/A
Face Value: ₹55 Per Equity Share
Issue Price: ₹258-272 Per Equity Share
Issue Size: Total Issue Size 96,126,686 shares (aggregating up to ₹2,614.65 Cr) : Fresh Issue 41,360,294 shares (aggregating up to ₹1,125.00 Cr) : Offer for Sale 54,766,392 shares of ₹10 (aggregating up to ₹1,489.65 Cr)
Market Lot (Min Amount): Retail - ₹14,960 : S-HNI - ₹209,440 : B-HNI - ₹1,002,320
Valuations

Earning Per Share(EPS)0.41/-
P/E Ratio670.31
RoNW5.25%
Net Asset Value (NAV) - Post Issue:26.61/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Dec,20233,619.95130.83129.02
31 Mar,20233,346.7539.1935.54
31 Mar,20222,919.01-293.64-295.85
31 Mar,20211,874.80-118.55-122.76
Promoter(s)

Pre Issue Share Holding83.31%
Post Issue Share HoldingN/A%
Company Promoter(s)
1. Kamesh Goyal
2. GoDigit Infoworks Services Private Limited
3. Oben Ventures LLP
4. FAL Corporation
Issue Objective(s)

The Company proposes to utilise the Net Proceeds towards the following objects

  1. To undertake its existing business activities; and
  2. To undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, which, the company believes, will enhance the visibility and its brand image among its existing and potential customers.
About Company

Incorporated in December 2016, Go Digit General Insurance Limited is an insurance provider offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products, which customers can customize to meet their needs.

The company has currently launched a total of 74 active products across all its business lines.

As of December 31, 2023, the company had about 61,972 partners, including 58,532 POSPs and other agents.

As of December 31, 2023, the company had a distribution centers in 24 states and union territories in India.

As of Dec 31, 2023, company had 473 active bots to automate tasks for functions and partners.

As of December 31, 2023, the company currently operates 75 offices throughout India.

As of March 31, 2023 and December 31, 2023, the company had 3,333 and 3,957 employees, respectively.

Disclaimer

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