Status Update: Go Digit Insurance IPO Subscription – Now Open

Go Digit Insurance IPO Subscription Details:

  • Opening Date: Wednesday, May 15, 2024
  • Closing Date: May 17, 2024
  • Amount to be Raised: Approximately ₹2614.65 crores
  • Retail Quota: 10%
  • QIB Quota: 75%
  • NII Quota: 15%
  • Price Band: ₹258 to ₹272 per equity share.

Key points about Go Digit Insurance IPO:

  • Minimum Market Lot: 55 shares
  • Application Amount: ₹14,960
  • Type of IPO: Mainline IPO
  • Listing Exchanges: BSE and NSE

About Go Digit Insurance:

Go Digit Insurance aims to simplify insurance processes by prioritizing innovation and transparency. They strive to offer a seamless customer experience in a vital financial product that individuals typically purchase in their lifetime. As a leading digital full-stack insurance company, they utilize technology to drive innovation in product design, distribution, and customer service for non-life insurance products. Digital full-stack insurers like Go Digit Insurance are fully licensed and regulated entities that handle sourcing, underwriting, and servicing in-house, with a strong focus on integrating technology into their operations.

IPOWatch View

Investment Recommendation:

  • Long-term Perspective: We advise investors to consider applying for the IPO with a long-term investment horizon.
  • Consider Key Quota Numbers: Investors are encouraged to review the QIB, NII, and Retail allocation figures before making investment decisions.

Day 1 Update: Go Digit Insurance IPO Subscription Status

Category Day 1 Day 2 Day 3
QIB 0.00 0.00 0.00
NII 0.35 0.00 0.00
bNII 0.31 0.00 0.00
sNII 0.42 0.00 0.00
RII 1.48 0.00 0.00
Total 0.36 0.00 0.00

Investor Categories for Go Digit Insurance IPO

  • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, Foreign Institutional Investors (FIIs), and Mutual Funds.
  • Non-Institutional Investors (NII): Individual Investors, Non-Resident Indians (NRIs), Companies, Trusts, etc.
  • Retail Individual Investors (RII): Retail Individual Investors or NRIs.
  • Employee (EMP): Eligible Employees.
  • Others: Eligible Shareholders.