Go Digit General Insurance Limited IPO

Go Digit General Insurance Limited IPO

Go Digit General Insurance Limited, commonly known as Digit Insurance, is an Indian insurance company that offers a wide range of general insurance products. Established in 2016, Digit Insurance has rapidly grown to become one of the prominent players in the Indian insurance market. Here are some key details about the company:

Products and Services

Digit Insurance provides various insurance products across multiple categories:

  1. Motor Insurance:
    • Car Insurance
    • Bike Insurance
    • Commercial Vehicle Insurance
  2. Health Insurance:
    • Individual Health Insurance
    • Family Health Insurance
    • Critical Illness Insurance
  3. Travel Insurance:
    • International Travel Insurance
    • Domestic Travel Insurance
  4. Home Insurance
  5. Mobile and Electronics Insurance
  6. Fire Insurance
  7. Marine Insurance

Key Features

  • Digital-First Approach: Digit Insurance emphasizes a digital-first strategy, making insurance processes, from purchasing policies to claims, highly digital and user-friendly.
  • Simplified Processes: The company aims to simplify insurance by offering easy-to-understand products and minimizing jargon and complicated procedures.
  • Quick Claim Settlement: Digit Insurance is known for its quick and hassle-free claim settlement process, often facilitated through its app and online platforms.

Achievements and Recognitions

  • Digit Insurance has gained recognition for its innovative approach to insurance and customer service. It has received various awards and accolades in the industry.
  • The company has garnered a significant customer base, supported by positive reviews and high customer satisfaction.

Financial Backing and Growth

  • Digit Insurance is backed by Fairfax Financial Holdings, a renowned Canadian financial services holding company.
  • The company has seen substantial growth since its inception, reflected in its expanding product offerings and market presence.

Market Position

Digit Insurance is considered a disruptor in the Indian insurance market, leveraging technology to enhance customer experience and streamline operations. Its digital-first approach and commitment to simplifying insurance processes have positioned it as a preferred choice among consumers seeking reliable and accessible insurance solutions.

Future Prospects

With the growing demand for digital insurance solutions, Digit Insurance is expected to continue its growth trajectory by expanding its product range, enhancing digital capabilities, and exploring new markets and customer segments.

Go Digit General Insurance Limited IPO Timetable

IPO Open Date15 May 2024
IPO Close Date17 May 2024
llotment Date21 May 2024
IPO Listing Date23 May 2024

Go Digit General Insurance Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 258 to Rs. 272 Per Equity Share
Market Lot55 Share
Listing AtNSE & BSE
Issue SizeApprox. Rs. 2615 Crore.

Go Digit General Insurance Limited IPO Lot Size

Minimum155Rs. 14960
Maximum13715Rs. 194480
Small HNI (Minimum)14770Rs. 209440
Big HNI (Minimum)673685Rs. 1002320

Go Digit General Insurance Limited IPO Allotment Status & IPO forms

Click Here To Check IPO Allotment Status Go Digit General Insurance Limited IPO

Click Here To Get ASBA Forms Go Digit General Insurance Limited IPO

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets3346.752919.011874.80
Total Revenue39.19-293.64-118.55
Profit After Tax35.54-295.85-122.76
for accurate figures follow the company financials.

Company Promoters:

The promoter of the company are Kamesh Goyal, GoDigit Infoworks Services Private Limited, Oben Ventures LLP And FAL Corporation.

Purpose of the Issue

  • To undertake its existing business activities.
  • To undertake the activities proposed to be funded from the Net Proceeds. Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, which, the company believes, will enhance the visibility and its brand image among its existing and potential customers.

Registrar & Company Details

Company Contact InformationIPO Registrar
Go Digit General Insurance Limited

1 to 6 Floor, Ananta One, Pride Hotel Lane
Narveer Tanaji Wadi, City Survey No.1579
Shivajinagar, Pune 411005,
Phone: +91 20 67495400
Email: cs@godigit.com
Website: https://www.godigit.com
Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: godigit.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

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