Search icon
TCS, HDFCBANK, SBI Liquid Fund (G)
Go Digit General Insurance Ltd.

Symbol

Equity

BSE,NSE

Min. Investment

2,58,000.00

Open a free Demat account and invest in IPOs easily.

Download Orca

Google PlayApp Store

To access realtime data for GP Eco Solutions India Ltd. and use advance features for Applying IPO. Register or Login to Orca.

IPO Details

Bidding Dates

15 May 24 - 17 May 24

Price Range ₹

258 - 272

Total Equity

1438.06Cr

Lot Size

55

Exchange Status

BSE,NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

4.27×

Qualified Institutional Buyers

12.56×

Employees

0.00×

Retail Investors

4.27×

Total subscription Rate

9.60×

IPO Timeline

Offer start

15 May 2024

Offer end

17 May 2024

Allotment

21 May 2024

Refund initiation

22 May 2024

Demat transfer

22 May 2024

Listing

23 May 2024

About Company

Go Digit General Insurance Limited is a leading digital full-stack insurance company that harnesses technology to revolutionize product design, distribution, and customer experience in non-life insurance. Their diverse range of customizable insurance products includes motor, health, travel, property, marine, and liability insurance. By seamlessly blending insurance and technology, the company streamlines processes such as enrollment, claims processing, underwriting, policy administration, data analysis, and fraud detection. As a result, they deliver efficient and personalized services to their customers. Go Digit General Insurance Limited has emerged as one of the fastest-growing insurers among the top 10 private general insurers in terms of Gross Written Premium. Their innovative approach, driven by a strong focus on digital transformation and customer-centricity, sets them apart in the industry. With a founder-led company structure and a proficient professional management team, they consistently strive to provide cutting-edge solutions and ensure customer satisfaction. By leveraging technology, Go Digit General Insurance Limited continues to shape the future of insurance by offering a seamless digital experience and meeting the evolving needs of customers.

Year Founded

07-12-2016

Promotor Details

Kamesh Goyal

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage83.6673.58
Share Capital729658886674903272

Offer to Public

5,28,69,677.00 Cr

Project Details

  • None - Nonecr

Objectives

  • To undertake its existing business activities.To undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, which, the company believes, will enhance the visibility and its brand image among its existing and potential customers.

Highlights

  • We prioritize high-quality customer experience through relevant, transparent, and customizable coverage, simple documentation, and paperless processes.
  • We empower our distribution partners with diverse access platforms, point-of-sale solutions, and insightful tools to enhance their network.
  • An advanced technology platform leverages AI and machine learning to optimize efficiency and performance.
  • Management team brings expertise and experience, making our organization agile and responsive.
  • Predictive underwriting models are used for accurate risk assessment and decision-making.

Challenges

  • The company has a history of reporting losses and its future profitability remains uncertain.
  • Due to its limited operating history, accurately evaluating future business prospects is challenging for the company.
  • The company's loss reserves are estimated for future claims liabilities; inadequate reserves could result in additional increases.
  • Catastrophic events such as natural disasters, terrorist attacks, or nuclear disasters may significantly raise customer claims liabilities and cause investment portfolio losses.
  • Challenges exist in accurately assessing risks and setting competitive premiums that ensure profitability for customers.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20232,44,14,388.0087,40,179.0018,16,750.00NaN0
20201,11,31,627.0081,68,431.00-12,27,592.00NaN0
20211,22,98,321.0082,46,919.00-7,01,282.00NaN0
20221,97,815.0085,901.00-12,27,592.00NaN0
20243,06,95,068.0087,51,644.003,55,472.00NaN0
Enrich money logo