- Go Digit General Insurance Limited has announced its IPO price band, set between ₹258 to ₹272 per equity share. The subscription date is scheduled for Wednesday, May 15, and will close on Friday, May 17.
- The IPO lot size is 55 equity shares and in multiples of 55 equity shares thereafter. The company has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors.
- The company’s promoters include FAL Corporation, Oben Ventures LLP, GoDigit Infoworks Services Private Limited, and Kamesh Goyal. Go Digit General Insurance Limited provides clients with customisable insurance policies and currently has 74 active goods that it has released.
Go Digit General Insurance Limited has announced its IPO, offering investors a chance to participate in the company’s growth. The IPO price band is set between ₹258 to ₹272 per equity share, with the subscription date scheduled for May 15.
Go Digit General Insurance IPO Details
The Go Digit General Insurance IPO comprises a fresh issue of ₹1,125 crore, and an offer-for-sale (OFS) of 54,766,392 equity shares by the promoters and other selling shareholders. The Promoter Selling Shareholder, Go Digit Infoworks Services Private Ltd, will offload up to 54,755,614 equity shares; other selling shareholders plan to sell shares up to 4,000 equity shares, and up to 3,778 equity shares respectively. The company intends to use the Net Proceeds for its current business operations and the projects that are suggested to be supported by the Net Proceeds.
Allocation and Listing Details
The allocation to anchor investors for the Go Digit General Insurance IPO is scheduled to take place on Tuesday, May 14. The initial public offering (IPO) basis for share allocation is expected to be finalised on Tuesday, May 21. The company will start refunding on Wednesday, May 22, and the shares will be credited to the allottees’ demat accounts the same day after the refund. Go Digit General Insurance share price is likely to be listed on BSE and NSE on Thursday, May 23.
Conclusion
With the IPO price band set and the subscription date announced, Go Digit General Insurance Limited is set to make its mark in the stock market. The company’s focus on providing customisable insurance policies and its strong promoter backing make it a noteworthy option for investors looking for opportunities in the insurance sector.
