The Go Digit General Insurance IPO, a book-built issue, comprises a fresh issue of Rs 1,125.00 crore and an offer for sale of 5.48 crore shares. ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Edelweiss Financial Services Ltd, Hdfc Bank Limited, and Iifl Securities Ltd are the book-running lead managers of the Go Digit IPO, while Link Intime India Private Ltd is the registrar for the issue.
Subscription for the Go Digit IPO opens on May 15, 2024, and closes on May 17, 2024. The allotment process is anticipated to be completed by Tuesday, May 21, 2024. The IPO is set to list on both the BSE and NSE, with a tentative listing date scheduled for Thursday, May 23, 2024. As of now, the price bands for the Go Digit IPO are yet to be disclosed. Investors are encouraged to refer to the Go Digit IPO RHP for detailed information.
IPO Details :
| Company Name | Go Digit |
| Sector | General Insurance |
| IPO Type | Mainboard |
| IPO Open date | 15th May 2024 |
| IPO Close date | 17th May 2024 |
| OFS | 54,766,392 Shares at Rs 10 |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | 875,842,046 |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail | 1 | 55 | 14,960 |
| S-HNI | 13 | 715 | 1,94,480 |
| B-HNI | 67 | 3685 | 10,02,320 |
IPO Timeline:
| IPO Open Date | 15th May 2024 |
| IPO Close Date | 17th May 2024 |
| Basis of Allotment | 21st May 2024 |
| Refund Initiation Date | 22nd May 2024 |
| Shares Credit to Demat | 22nd May 2024 |
| Listing Date | 23rd May 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
