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“Go Digit IPO Opens Today: Backed by Virat Kohli, Go Digit General Insurance IPO to Raise ₹2,614.65 Crore”
Key details of the Go Digit IPO:
Opening and Closing Dates: The subscription period runs from May 15 to May 17.
Price Band: The price range for the IPO is set at ₹258- ₹272 per share.
Issue Composition: It includes a fresh equity issue of ₹1,125 crore and an offer for sale (OFS) of up to 5.47 crore shares.
Objectives: Proceeds will support ongoing business operations and finance proposed activities.
Lot Size: Investors can bid for a minimum of 55 equity shares and in multiples thereof.
Company Profile: Go Digit General Insurance, established in December 2016, offers health, travel, and property insurance, boasting a portfolio of 74 active products.
Financial Performance: The company reported a net profit of ₹1,290 crore for the nine months ended FY24, a substantial increase from ₹100.21 crore in the corresponding period of FY23.
Lead Managers: ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, HDFC Bank Limited, IIFL Securities Ltd, and Nuvama Wealth Management Limited are the book-running lead managers.
Registrar: Link Intime India Private Ltd serves as the registrar for the issue.
Listing: Anticipated listing date on the BSE and NSE is May 23.
