Go Digit IPO subscription status: IPO subscribed 79% on Day 2

Go Digit IPO: The initial public offering (IPO) of Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, opened for subscription on Wednesday, May 15. The IPO of the company sale will conclude on Friday, May 17.

Go Digit's proposed IPO comprises fresh issuance of equity shares worth Rs 1,125 crore and an Offer For Sale (OFS) of 5.47 crore equity shares by a promoter of Go Digit Infoworks Services and existing shareholders.

Go Digit  IPO subscription status

According to provisional exchange data, Go Digit IPO's share sale received bids for 4,17,43,735 shares against 5,28,69,677 shares on offer, translating into a subscription of 79 per cent on Thursday, the second day of the bidding process.

Go Digit IPO details: Key things to know

Go Digit  IPO allotment date

The basis of the allotment of shares under the IPO of Go Digit is set to be finalised Tuesday, May 21. 

Go Digit IPO listing date

The Go Digit IPO stock is likely to be listed in the secondary market on Thursday, May 23. The stock will be traded on the bourses, BSE and NSE.

Go Digit IPO lot size,  Go Digit IPO price band

Go Digit IPO price band is set at Rs 258 to Rs 272 per share. The minimum lot size for an application is 55 shares. The minimum amount of investment required by retail investors is Rs 14,960.

Go Digit IPO: Book-running lead managers

ICICI Securities Limited, Morgan Stanley India Company, Axis Capital Limited, Hdfc Bank Limited, Iifl Securities and Nuvama Wealth Management Limited are the book-running lead managers of the Go Digit IPO.

Go Digit IPO: Registrar

Link Intime India Private Ltd is the registrar for the issue.

Go Digit IPO: Fund Utilisation

Proceeds from the fresh issuance have been proposed to be utilised for the augmentation of the company's capital base and maintenance of solvency levels and general corporate purposes.

What does Go Digit General Insurance do? 

Go Digit offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products, to meet the needs of the customers.

It is one of the first non-life insurers in India to be fully operated on the cloud and has developed Application Programming Interface (API) integrations with several channel partners.

(with PTI inputs)

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