The Digit General Insurance Limited date has been confirmed from May 15, 2024 – May 17, 2024.
Digit General Insurance IPO is a book built issue. The issue comprises of fresh issue of Rs 1,125.00 crore and offer for sale of 5.48 crore shares.
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Key Details Of Digit General Insurance Limited IPO
Bidding Dates
May 15- 17
Price Range
₹258 to ₹272 per share
Face Value
₹10 per share
GMP
₹4
Digit General Insurance Limited IPO GMP
The Digit General Insurance Limited IPO GMP is ₹4.
IPO Overview
Digit General Insurance IPO opens for subscription on May 15, 2024 and closes on May 17, 2024. The allotment for the Digit General Insurance IPO is expected to be finalized on Tuesday, May 21, 2024. Digit General Insurance IPO will list on BSE, NSE with tentative listing date fixed as Thursday, May 23, 2024.
Digit General Insurance Limited IPO Details
| IPO Date | May 15, 2024 to May 17, 2024 |
| Listing Date | May 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹258 to ₹272 per share |
| Lot Size | 55 Shares |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 875,842,046 |
| Share holding post issue | 917,202,340 |
Digit General Insurance Limited IPO Timeline
| IPO Open Date | Wednesday, May 15, 2024 |
| IPO Close Date | Friday, May 17, 2024 |
| Basis of Allotment | Tuesday, May 21, 2024 |
| Initiation of Refunds | Wednesday, May 22, 2024 |
| Credit of Shares to Demat | Wednesday, May 22, 2024 |
| Listing Date | Thursday, May 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 17, 2024 |
Digit General Insurance Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,619.95 | 3,346.75 | 2,919.01 | 1,874.80 |
| Revenue | 130.83 | 39.19 | -293.64 | -118.55 |
| Profit After Tax | 129.02 | 35.54 | -295.85 | -122.76 |
| Net Worth | 2,459.34 | 2,325.47 | 1,866.87 | 1,134.57 |
| Reserves and Surplus | 2,391.97 | 2,383.61 | 1,975.07 | 973.14 |
| Total Borrowing | 200.00 | |||
| Amount in ₹ Crore | ||||
Digit General Insurance Limited IPO Promoter Holding
| Share Holding Pre Issue | 83.31% |
| Share Holding Post Issue |
Company Profile
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 business currently has 74 active products in all its divisions. By December 31, 2023, there were 61,972 partners, with 58,532 being POSPs and other agents. The company had distribution centres in 24 states and union territories in India by the end of 2023. As of
December 31, 2023, the company utilized 473 active bots to automate tasks for functions and partners.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Digit General Insurance Limited Limited |
| Phone number | +91 20 67495400 |
| Email ID | [email protected] |
| Website | godigit.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Digit General Insurance Limited IPO FAQs
When Digit General Insurance IPO will open?
The Digit General Insurance IPO opens on May 15, 2024 and closes on May 17, 2024.
What is the lot size of Digit General Insurance IPO?
Digit General Insurance IPO lot size and the minimum order quantity is not available at this time. Please check again later.
When is Digit General Insurance IPO listing date?
The Digit General Insurance IPO listing date is not yet announced. The tentative date of Digit General Insurance IPO listing is Thursday, May 23, 2024.
