Go Digit's IPO represents a significant milestone for the company and the digital insurance sector. With its strategic emphasis on technology and customer-centric services, Go Digit is poised to redefine the insurance landscape. However, prospective investors should carefully assess the company's financial health, strengths, and potential weaknesses before making investment decisions.
Stay tuned for updates on crucial dates, price band, and other vital IPO details to ensure you're well-positioned to capitalise on this exciting investment opportunity.
| Particular | Details |
|---|---|
| IPO Opening Date | May 15, 2024 |
| IPO Closing Date | May 17, 2024 |
| IPO Allotment Date | May 21, 2024 |
| IPO Listing Date | May 23, 2024 |
| Price Band | ₹258 to ₹272 per share |
| Total IPO Size | ₹2,614.65 Cr |
| Fresh Issue | ₹1,125.00 Cr |
| Offer for Sale | ₹1,489.65 Cr |
| Lot Size | 55 Shares |
| Minimum Investment | ₹ 14,960 |
| Listing At | BSE, NSE |
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Established with a vision to simplify insurance for the masses, Go Digit leverages cutting-edge technology to offer streamlined, user-friendly insurance solutions across a spectrum of needs. From health to automotive and beyond, Go Digit's platform facilitates easy enrollment, efficient claims processing, and tailored policy administration, among other services.
With an impressive 82.9% share in Gross Written Premiums (GWP) among Indian digital insurance entities, Go Digit is pioneering a shift towards a more accessible and transparent insurance landscape.
In the fiscal year ending March 31, 2022, Go Digit has demonstrated commendable financial performance, underscored by a Gross Written Premium (GWP) of ₹52,676.33 crores.
Despite the challenges inherent in the ultra-competitive insurance sector, the company has managed to sustain and significantly increase its revenue streams and operational efficiency. Below is a closer look at the financial metrics that underscore Go Digit's growth trajectory.
| Financial Year Ended | Revenue (Rs. Crores) | PAT (Rs. Crores) | EPS (Rs.) |
|---|---|---|---|
| March 2020 | 1419.2 | – 175.24 | – 2.41 |
| March 2021 | 2251.98 | – 122.76 | – 1.50 |
| March 2022 | 3840.96 | – 295.86 | – 3.55 |
| Strengths | Weaknesses | ||
|---|---|---|---|
| Full-stack Digital Insurance: Offers superior customer experiences through technological innovation. | Profitability Concerns: Consistent losses raise questions about future profitability. | ||
| Scalable Business Model: Agile organisational structure designed for rapid growth and adaptability. | Risks Underwriting: Potential challenges in effectively managing and underwriting risks. | ||
| Efficiency: Integration of AI and machine learning for enhanced operational effectiveness. | Operational History: Short operational history may limit the ability to project future business outcomes. | ||
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To be announced.
The total IPO size is Rs. 3,500.00 crore, comprising Rs. 1,250 crore worth of fresh issues and an offer for sale of 109,445,561 shares.
To be announced.
To be announced.
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