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Go Digit IPO GMP, Price, Date, Analysis| Apply or Not

Go Digit IPO GMP: Virat Kohli-backed Go Digit is going to launch its initial public offerings (IPO). The subscription is open on May 15, 2024, and closes on May 17, 2024. Cricketer Virat Kohli and actress Anushka Sharma both are investors in this company and not going to divest any shares in this IPO listing.

Go Digit General Insurance IPO, a Mainline IPO of ₹2614.65 Cr. This IPO  consists of ₹1125.00 Cr fresh issue and ₹1489.65 Cr offer for sale. The IPO price band is fixed at 258.00-272.00 per share and the face value is Rs 10. Investors can apply to the Go Digit General Insurance for a minimum lot of 55 shares and it will cost Rs 14960. The IPO listing on the exchange (BSE, NSE) is 23-05-2024. According to different analyses, the company’s PE ratio is 663.41x whereas the Industry PE ratio is only 46.13x.

Go Digit IPO GMP today

Currently, GMP of Go digital general insurance IPO is +50. This means its share price is trading at ₹50 premium in the grey market.

With this current GMP GO digit shares are expected to list at a price of ₹322 per share, resulting in 18.38% more than the IPO price of ₹272 after considering the upper price band of Rs 272 and current GMP price.

Please note- that GMP is fixed it changes every day and it shows how much investors are ready to pay more than the issue price.

Go Digit IPO Details

IPO Issue Opening Date:
15th May 2024

IPO Issue Closing Date:
17th May 2024

IPO Issue Price:
₹258.00-272.00 Per Share

IPO Listing At:
BSE, NSE

Retail Quota:
Not more than 10% of the Net Issue

IPO Issue Size:
₹2614.65 Cr

Offer for Sale:
₹1489.65 Cr

Fresh Issue:
₹1125.00 Cr

Face Value:
₹10 Per Equity Share

Promoter Holding Pre IPO:
83.31%

Go Digit General Insurance Limited IPO Valuation

Upper Price Band
Rs 272

Existing Shares (Qty)
87.58 Cr

Fresh Issue
1125 Cr

Market Cap
24,946.76 Cr

EPS (FY23)
Rs 0.41

PE Ratio
663.41x

Industry PE
46.13x

Read: Bulls are back!! Modi 3.0 is confirmed.

About Go Digit General Insurance Limited:

In 2016 Go Digit General Insurance Limited was formed. It is a leading full-stack digital insurance company. Go Digit Genal Insurance use technology for product design, distribution and customer experience for non-life insurance products. The company offer health insurance, travel insurance, car insurance, liability insurance, property insurance, transportation insurance other insurance products that customers can tailor to their needs. The uniqueness of this company is that it uses the technology. The company heavily rely on technology to reduce its work and process the insurance faster in comparison to other companies. Companies trying to overcome all the difficulties in the Insurance sector like the common person cannot able to understand all the jargon related to insurance. They are making their insurance documentation very easy so that common people can easily understand all the terms and condition.

In 2020 celebrity couple Virat Kohli and Anushka Sharma invested in this company. Virat invested ₹2 crore and brought 2.67 lakh shares whereas Anushka Sharma invested 50 lakh.

Conclusion

Currenly Go Digit IPO GMP is +50. We suggest along with GMP investors should thoroughly look at the company’s fundamentals and how much subscription is there in this IPO. GMP is very dynamic and it also depends on stock market sentiment right now the market is very volatile due to the elections and it can affect the GMP of this IPO. Whatever we have discussed in this article is openly available to the public as well and investors should properly understand the company’s fundamentals and take their financial advisor’s advice before investing in this IPO. We will constantly update Go Digit IPO GMP.

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