Go Digit IPO 10 effects to Know Before Subscribing to Virat Kohli- backed Issue
Go Digit IPO-Introduction
The Go Digit IPO, supported by cricketing icon Virat Kohli, has garnered significant attention in the financial market. As investors contemplate participation in this IPO, it’s essential to delve into the details and understand key aspects to make informed decisions. Here, we present a comprehensive guide outlining crucial factors to consider before subscribing to the Go Digit IPO.
Go Digit IPO-Key Dates
- The subscription for the Go Digit IPO opens on May 15 and closes on May 17.
IPO Price Band
- The price band for the IPO is set at ₹258-₹272 per share.
IPO Details
- The IPO comprises a fresh equity issue of ₹1,125 crore and an offer for sale (OFS) of up to 5.47 crore shares.
Objectives
- Net proceeds from the IPO will bolster the company’s existing business operations and finance proposed activities.
Lot Size
- Investors can bid for a minimum of 55 equity shares, with the bidding amount ranging from ₹14,190 to ₹14,960.
Company Background
- Go Digit General Insurance, established in December 2016, offers a diverse array of insurance products, including health, travel, and property insurance. The company boasts an extensive portfolio of 74 active products across all business lines.
Financial Performance
- The company reported a substantial net profit of ₹1,290 crore for the nine months ended FY24, showcasing significant growth from the previous fiscal year.
Lead Managers
- ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Hdfc Bank Limited, Iifl Securities Ltd, and Nuvama Wealth Management Limited serve as the book-running lead managers for the Go Digit IPO.
Registrar
- Link Intime India Private Ltd has been appointed as the registrar for the IPO.
Listing
- The IPO is anticipated to list on the BSE and NSE around May 23.
Conclusion
As investors evaluate the potential of the Go Digit IPO, thorough research and analysis are imperative to assess risk and potential returns. With Virat Kohli’s backing and promising financial performance, the IPO presents a compelling opportunity in the ever-evolving landscape of the stock market.
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