Go Digit IPO subscription status: The retail investor response to Go Digit General Insurance IPO has been overwhelming, and within a few hours of taking off, the portion is fully booked. The IPO has received slow but steady responses from non-institutional investors. Go Digit General Insurance IPO subscription status is 23%, at 13:42 IST, as per BSE data.
The quota for Retail Individual Investors (RIIs) received 1.03 times subscription while Non Institutional Investors(NIIS) category got subscribed 15%. The portion for Qualified Institutional Buyers (QIBs) is yet to be booked.
Go Digit General Insurance Ltd, backed by Canada’s Fairfax Group, raised a little more than ₹1,176 crore from anchor investors. According to a circular posted late Tuesday, the business has allocated 4.32 crore equity shares to 56 funds at ₹272 each, at the upper end of the the price band.
The firm’s investors include cricketer Virat Kohli, his wife, and actress Anushka Sharma. They are not selling any shares in the IPO.
Approximately 75% of the issue size has been allocated for qualified institutional investors, 15% for non-institutional investors, and the remaining 10% for retail investors. Investors may bid for a minimum of 55 equity shares and multiples of 55 equity shares thereafter.
Go Digit provides car insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products to satisfy the demands of its clients.
It is one of India’s first non-life insurers to operate entirely on the cloud, and it has created application programming interface (API) linkages with a number of channel partners.
The issue’s price band is fixed at ₹258 to ₹272 per equity share having a face value of ₹10. The lot size for the IPO is 55 equity shares, with subsequent multiples of 55 equity shares.
Go Digit General Insurance IPO, which has opened today (Wednesday, May 15) for subscription and will close on Friday, May 17.
Go Digit IPO subscription status live
Go Digit General Insurance IPO has received bids for 1,20,48,135 shares against 5,28,69,677 shares on offer, at 13:42 IST, according to data from the BSE.
The retail investors’ segment received bids for 99,14,025 shares against 96,12,668 shares on offer for this segment.
The NIIs portion got bids for 21,13,430 shares against 1,44,19,002 on offer for this segment.
The QIBs segment got bids for 20,680 shares against 2,88,38,007 on offer for this segment.
(more to come)
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Published: 15 May 2024, 01:38 PM IST
