June 27, 2023
admin
- GMP
- Reviews
- Subscription
- Allotment
GO DIGIT General Insurance IPO GMP, details & review @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
Sebi Approval:
The company has filed DRHP with Sebi and now Sebi nod to the IPO is awaited.
GO DIGIT General Insurance IPO Review:
Will update soon.
GO DIGIT General Insurance IPO Grey Market Premium
For latest updates of GMP, click
What is the Subscription Status of GO DIGIT General Insurance IPO?
We shall update the subscription status of the IPO, once the IPO opens for subscription.
Who is the promoter of GO DIGIT General Insurance IPO?
KAMESH GOYAL, GO DIGIT INFOWORKS SERVICES PRIVATE LIMITED, OBEN VENTURES
LLP AND FAL CORPORATION
What is the business of GO DIGIT General Insurance?
The company aims to make insurance simple. Through innovation and transparency, it believes in delivering a seamless customer experience journey in a significant financial product an individual would purchase in their lifetime. It is one of the leading digital full stack insurance companies, leveraging its technology to power what it believes to be an innovative approach to product design, distribution and customer experience for non-life insurance products.
Full-Stack Insurers are insurance firms that are fully licensed and controlled by a regulatory authority and perform sourcing, underwriting and servicing all in-house. Digital full stack insurers are insurance manufacturing companies that focus on integrating technology in their operations. It offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products, which the customers can customize to meet his or her needs.
The digital full stack insurers that have implemented technology beginning from underwriting, claims management to distribution have been able to capture approximately 2.8% of the overall non-life insurance market during FY2022, which has increased to 3.3% estimated as of nine months period ended December 31, 2022(E) measured by GWP (including Private, Public and Standalone Health Insurers and Specialized PSUs). In the nine months period ended December 31, 2022(E) and Fiscal 2022, the Company catered for approximately 82.3% (equating to Rs 52.88 billion in the nine months period ended December 31, 2022) and 82.8% (equating to Rs. 52.68 billion in Fiscal 2022), respectively, of the GWPs written by these digital full stack insurance players which, in addition to the Company, include Acko and Navi, making us the largest digital full stack insurance player in India, according to the RedSeer Report.
As a digital full stack insurance company, it deploys a combination of insurance and technology solutions to assist in enrolment, insurance claims processing, underwriting, policy administration, data insights and fraud detection. As a testament to its success, according to the RedSeer Report, it is the fastest growing insurer among private non-life insurers by GWP in Fiscal 2022. It was growing by approximately 62.4% while the private non-life insurers overall grew slower by approximately 12.2% during the same period, according to the RedSeer Report.
As at December 31, 2022, there were 35,325,561 people who were its customers or people who have availed the insurance benefits under various policies it issued since the inception of its insurance operations in 2017. Of this 35,325,561, 21,388,609 were accounted for by motor insurance products, 6,166,688 by health products (excluding personal accident and travel), 3,726,859 by personal
accident products, 3,506,729 by travel products, 233,684 by liability products, 177,649 by property products, 59,091 by other products, 38,490 by worker’s compensation products, 17,870 by marine products and 9,892 by engineering products.
For more information, click https://www.godigit.com
What is the object of GO DIGIT General Insurance IPO?
The Offer comprises the Fresh Issue and the Offer for Sale.
The Company proposes to utilise the Net Proceeds towards maintenance of its solvency ratio.
GO DIGIT General Insurance IPO GMP, Particulars & Guidance
| GO DIGIT General Insurance IPO Details | |
| IPO opens on | ? ,2023 |
| IPO closes on | ? ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Sh /Rs ? Cr |
| * Fresh Issue | – Sh /Rs 1250 Cr |
| * Offer for Sale | 109,445,561 Sh /Rs ? Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (10 %) | X | X |
| NII (30 %) | X | X |
| RII (60 %) | X | X |
| Employees | X | – |
| Total Shares | X | X |
| Retail portion will be oversubscribed by | X Forms. | |
| How to apply in GO DIGIT General Insurance IPO ? | Net of RII discount | |
| Min Retail Application | – Sh | Rs. – |
| Max Retail Application | – Sh | Rs. – |
| Small HNI (Min) application | – Sh | Rs. – |
| Small HNI (Max) application | – Sh | Rs. – |
| Big HNI Application | – Sh | Rs. – |
| What is the timetable of GO DIGIT General InsuranceIPO? | |
| IPO opens on | ? 2023 |
| IPO Closes on | ? 2023 |
| IPO Allotment on | ? 2023 |
| Unblocking of ASBA | ? 2023 |
| Credit of Shares | ? 2023 |
| Listing on | ? 2023 |
| Registered Office of GO DIGIT General Insurance | |
| 1 to 6 Floor, Ananta One, Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivajinagar, Pune 411005, Maharashtra, India |
|
| Who are the Lead Managers of GO DIGIT General Insurance IPO? ICICI Securities Limited, Morgan Stanley India Company, Axis Capital, Edelweiss Financial Services, HDFC Bank, IIFL Securities. |
|
| Registrar to IPO | |
| Link Intime India Private Limited |
| GO DIGIT General Insurance IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | – | (175.24) | (2.41) | (15.61) |
| 2020-21 | – | (122.76) | (1.50) | (10.82) |
| 2021-22 | – | (295.85) | (3.55) | (15.85) |
| Book Value of the Share on 31.03.2022 | Rs. | 21.73 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Ratio Analysis | |
| Upper Price /last EPS | |
| Upper Price/Book Value Ratio | |
| Upper Price/BV after IPO | ? |
Peer Comparison.
| As on date of RHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| The IPO Company | – | 10 | ? |
| New India Assurance | – | 5 | 83.30 |
| Star Health | – | 10 | N.M. |
| ICICI Lombard General | – | 10 | 41.60 |
| – | – | ||
| X | – | – | – |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
>>Go to Mainboard IPOs Section: Click
>>Go to SME IPOs Section: Click
>>Get Good Staff or Job, Click: Staffavailable.com
>>Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>>Get solid Guidance on Mutual fund Investments, Click: ChanakyaMFGuidance.com
>>Study Stock Research Reports, Click: AnalysisLibrary.com
>>Interested in Crossword Puzzles? Click: Magajmari.com
