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Go Digit General Insurance IPO: Check day 1 subscription details here

16 May 2024 , 07:51 AM

The Go Digit General Insurance IPO opened for subscription on Wednesday, May 15, and is set to close on Friday, May 17. On Day 1 of the subscription, the QIB portion has not received any bids yet, however, the NII portion has been subscribed 0.34 times, and the retail investors bid 1.44 times the quota reserved.

On Tuesday, May 14, the IPO garnered ₹1,176.59 Crore from anchor investors. According to the exchange filing, the company allotted 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share.

Several domestic and international institutions participated in the anchor allotment, including Fidelity Investment Trust, Goldman Sachs, ACM Global Fund, ITPL Invesco India Mutual Fund, Custody Bank of Japan, Schroder International, East Spring Investments India, SBI Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, Mirae Asset Mutual Fund, Ashoka WhiteOak Mutual Fund, Malabar Mutual Fund, and Steadview Capital Mauritius Ltd.

The IPO’s price band is set at ₹258 to ₹272 per equity share with a face value of ₹10. The lot size for the IPO is 55 equity shares, with subsequent shares available in multiples of 55.

75% of the issue size is reserved for qualified institutional investors (QIBs), 15% for non-institutional investors, and the remaining 10% for retail investors.

Go Digit General Insurance Limited offers a variety of insurance products, including health, liability, property, marine, travel, and auto insurance, tailored to meet customers’ needs.

Promoters of the company include Kamesh Goyal, GoDigit Infoworks Services Private Limited, Oben Ventures LLP, and FAL Corporation.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Go Digits IPO
  • Go-Digit General Insurance
  • Go-Digit General Insurance IPO
  • IPO news
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