Virat Kohli-backed Go Digit General Insurance IPO Sets Price Band at ₹258-272 Each; Explore GMP, Issue Size, and More

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Go Digit General Insurance IPO: Price Band, Issue Size, and More

The Go Digit General Insurance IPO has set its price band between ₹258 to ₹272 per equity share with the subscription scheduled from Wednesday, May 15, to Friday, May 17. The allocation to anchor investors is slated for Tuesday, May 14.

The floor price stands at 25.80 times the face value, while the cap price is set at 27.20 times the face value. At the upper end of the price band, the price/earnings ratio based on diluted EPS for 2023 is 680, significantly higher than the industry peer group average of 46.13x.

The lot size for the IPO is 55 equity shares, with multiples of 55 equity shares thereafter. The allocation will reserve 75% of shares for qualified institutional buyers (QIB), 15% for non-institutional Institutional Investors (NII), and 10% for retail investors.

The basis for share allocation is expected to be finalized on Tuesday, May 21, with refunds starting on Wednesday, May 22. Shares will be credited to demat accounts on the same day. The listing of Go Digit General Insurance shares on BSE and NSE is scheduled for Thursday, May 23.

The company's promoters include FAL Corporation, Oben Ventures LLP, GoDigit Infoworks Services Private Limited, and Kamesh Goyal. Go Digit General Insurance offers customizable insurance policies covering health, liability, property, marine, travel, and auto insurance.

Disclaimer: The opinions and recommendations provided are from individual analysts, experts, and broking companies and do not represent those of Mint. Investors are advised to consult certified experts before making any investment decisions.

Go Digit General Insurance Limited IPO price band has been fixed in the range of ₹258 to ₹272 per equity share of the face value of ₹10. (https://www.godigit.com/)


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