Go Digit General Insurance IPO GMP, Guidance, Subscription Status, allotment & listing details @ Chanakyanipothi.com
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What is the business of Go Digit IPO?

Go Digit 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. 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.

In the nine months period ended December 31, 2022(E) and Fiscal 2022, the Company catered for approximately 82.3% (equating to ? 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 it the largest digital full stack insurance player in India, according to the RedSeer Report which has been commissioned and paid for by the Company exclusively in connection with the Offer. 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.

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.
We have an established track record of delivering growth. Its GWP was Rs. 52.88 billion and ? 36.49 billion for the nine months period ended December 31, 2022 and December 31, 2021, representing a growth of 44.9% and was Rs. 52.68 billion, Rs. 32.43 billion and ? 22.52 billion in Fiscal 2022, 2021 and 2020, representing a CAGR of 52.9% from Fiscal 2020 to Fiscal 2022.
Digit Insurance had a Google rating of 4.8 out of 5.0 with over 0.13 million reviews, and a Facebook rating of 4.9 out of 5.0 with over 14,000 reviews.

For more information, click https://www.godigit.com

Go Digit IPO IPO GMP, Guidance, subscription allotment listing

Go Digit IPO IPO Guidance* by Paresh Gordhandas, CA & Research Analyst.
Go Digit 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.
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Financial Snapshot: ?
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* Disclosure: ?

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