What is the issue size of Go Digit General Insurance Limited IPO?

Go Digit General Insurance Limited IPO issue size is a fresh issue of equity shares of Rs.10 each totaling up to Rs. 1250 crore and an offer for sale of up to 10,94,45,561 equity shares

What is 'pre-apply' for Go Digit General Insurance Limited IPO?

Pre-apply will alow you to apply for the Go Digit General Insurance Limited IPO 2 days before the subscription period starts.

If I pre-apply for Go Digit General Insurance Limited IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Go Digit General Insurance Limited IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Go Digit General Insurance Limited IPO order is placed?

We will notify you when your Go Digit General Insurance Limited IPO order is placed with the exchange.

What are the open and close dates of the Go Digit General Insurance Limited IPO?

Go Digit General Insurance Limited IPO date is yet to be announced.

What is the lot size and minimum order quantity of the Go Digit General Insurance Limited IPO?

The minimum order quantity and lot size of Go Digit General Insurance IPO is yet to be declared.

What are the allotment dates for the Go Digit General Insurance Limited IPO?

Go Digit General Insurance Limited IPO allotment date is yet to be declared.

Who is the registrar of Go Digit General Insurance Limited IPO?

Go Digit General Insurance Limited IPO registrar is Link Intime India Private Limited

Where is the Go Digit General Insurance Limited IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

Go Digit Insurance IPO

Go Digit General Insurance Ltd

₹14,190 /55 sharesMinimum Investment

Go Digit Insurance IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
15 May ‘24 - 17 May ‘24₹14,19055₹258 - ₹272
Issue SizeIPO Doc
2614.65CrRHP PDF
Subscription rateAs of 17 May'24, 05:00 PM
Qualified Institutional Buyers12.56x
Non-Institutional Investor7.17x
Retail Individual Investor4.11x
Total9.56x
About Go Digit Insurance
Go Digit General Insurance Limited is a digital full stack insurance company. (Full-Stack insurers are insurance companies that are fully licensed and controlled by a regulatory authority and perform sourcing, underwriting and servicing all in-house). The company  leverages technology to provide a range of non-life insurance products such as motor insurance, health insurance, travel insurance, property insurance, marine insurance, and liability insurance. Customers have the flexibility to customize these offerings to suit their individual needs.
The company offers 74 active products across all its business lines directly to customers through its website and through web aggregators. 
As of December 31, 2023, the company had presence in 24 of the 36 states and Union Territories in India, and relationships with about 61,972 Key Distribution Partners, including about 58,532 Point of Sales Persons (POSPs), individual agents, corporate agents, brokers and others.;Founded in
2016
Managing director
Ms. Jasleen Kohli
Parent organisation
Go Digit General Insurance Ltd
Strengths & Financials of Go Digit InsuranceStrengths
Risks
The company distributes its products through a diverse partnership-based model, spanning various channels. As of December 31, 2023, it had partnerships with approximately 61,972 key distribution partners, including 58,532 POSPs, individual agents, corporate agents, and brokers. They also sell directly to customers via their website and web aggregators, enabling them to connect with customers during significant life events like buying a new car or home.
The company works on simplifying insurance and offers easy-to-understand, customisable products. As per the company, its paperless processes are designed to reduce the hassle of applying for coverage and submitting a claim. 
As at December 31, 2023, the company had 43.26 million customers or people who have availed the insurance benefits under various policies issued by the company since the inception of its insurance operations in 2017. Of this, 27.74 million customers pertained to motor insurance products, 14.97 million customers for health insurance products (including personal accident & travel) and 0.55 million customers for other insurance products.
As per the RHP, the company has developed predictive underwriting models that leverage the insights gathered by its data bank. These models help it determine and target the markets and customers that are expected to be more profitable and hence, allows it to accurately price its coverage.
The company's net promoter score was 73.3% for non-claims and 93.1% for motor claims as of December 31, 2023. A high net promoter score reflects improved customer satisfaction. 
As of the nine months ending December 31, 2023, the company reported Assets Under Management (AUM) of Rs. 14,909 cr, compared to Rs. 12,668 cr on March 31, 2023.
Go Digit Insurance Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Go Digit Insurance IPOApply asPrice bandApply upto
Regular₹258 - 272₹2 Lakh
High Networth Individual₹258 - 272₹2 - 5 Lakh
For Go Digit Insurance IPO, eligible investors can apply as Regular.

Bidding Dates	Min. Investment	Lot Size	Price Range
15 May ‘24 - 17 May ‘24	₹14,190	55	₹258 - ₹272

Issue Size	IPO Doc
2614.65Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹258 - 272	₹2 Lakh
High Networth Individual	₹258 - 272	₹2 - 5 Lakh

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Contact Us
PRODUCTS
StocksFutures & OptionsMTFIPOMutual FundsNFOETFCreditBill Payments
GROWW
About UsPricingBlogMedia & PressCareersHelp and SupportTrust and Safety
QUICK LINKS
AMC Mutual FundsCalculatorsGlossaryOpen Demat AccountGroww DigestSitemapWeb Stories
ⓒ 2016-2024 Groww. All rights reserved, Built with ♥in India

ABOUT GROWW

Groww is India’s No.1 Stock Broker and Trading Platform with more than 1 crore active customers where users can find their investment solutions pertaining to mutual funds, stocks, US Stocks, ETFs, IPO, and F&Os, to invest their money without hassles.

Groww objectively evaluates stocks and mutual funds and does not advise or recommend any stocks, mutual funds or portfolios. Investors shall invest at their own discretion, will and consent. Groww, at any time, does not guarantee fixed returns on the capital invested.

Groww helps investors -

· By providing 100% paperless online free Demat and trading account opening

· By providing an objective evaluation of products available on the platform

· By being transparent about fees and charges involved while investing in a product

· By offering decision-making assistance by providing technical analysis with advanced charts, well-designed line & candlestick charts that indicate share price movements, and market indices, along with more details about all registered and listed companies

SECURE TRANSACTIONS ON GROWW

All transactions on Groww are safe and secure. Users can invest through SIP or Lumpsum using Netbanking through all supported banks. It uses BSE Star MF (with Member code 11724) as transaction platform.

TRADE AND INVEST SECURELY WITH GROWW

Stocks, Mutual fund investments, F&Os, etc., are very popular with individual investors because of their numerous benefits. On Groww, an investor can -

- Invest in Nifty 50 (NSE) & Sensex (BSE) listed stocks

- Diversify across multiple stocks and other instruments

- Start SIP with any amount (as low as Rs. 500)

- Switch regular funds to direct funds

- Start automated monthly investments (SIP), and benefit from many more features

All type of mutual funds are available on Groww.

INVESTING IN MUTUAL FUND PORTFOLIOS

Portfolio is collection of mutual funds designed to meet your investment goals. Investing in mutual fund portfolios helps you in diversifying your investments and reduces the risk. Portfolios also help you in assigning an investment goals and make it easy for you to save for and achieve your goals. You can create a portfolio yourself or ask an expert to build it for you.

ATTENTION INVESTORS

1. For Stock Broking Transaction 'Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors.

2. For Depository Transaction 'Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day...Issued in the interest of investors.

3. KYC is a one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

4. If you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account.

· Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.

· Awareness regarding guidelines on Margin collection

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Issued in the interest of Investors

DISCLAIMER

Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) (CIN: U65100KA2016PTC092879) is a member of NSE & BSE with SEBI Registration no: INZ000301838, Depository Participant of CDSL Depository with SEBI Registration no: IN-DP-417-2019 and Mutual Fund distributor with AMFI Registration No: ARN-111686. Registered office and Correspondence office - No.11, 2nd floor, 80 FT Road, 4th Block, S.T Bed, Koramangala, Bengaluru – 560034. For any grievances related to Stock Broking/DP, please write to [email protected] , please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.

Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Unless otherwise specified, all returns, expense ratio, NAV, etc are historical and for illustrative purposes only. Future will vary greatly and depends on personal and market circumstances. The information provided by our blog is educational only and is not investment or tax advice.

Mutual fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance of the schemes is neither an indicator nor a guarantee of future performance.

Terms and conditions of the website/app are applicable. Privacy policy of the website is applicable.

Qualified Institutional Buyers	12.56x
Non-Institutional Investor	7.17x
Retail Individual Investor	4.11x
Total	9.56x