After a strong response for the IPO, Virat Kohli-backed Go Digit Insurance is likely to finalise the share allotment on Tuesday. The issue was booked nearly 10 times at close on strong interest from retail and institutional buyers. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.
Firstly, here’s how you can know the status on BSE
Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)
Step 2: Please select the issue name, that is the company’s name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
To check the status of Go Digit IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.
Also Read: IPO calendar next week: 2 new issues, 8 listings to keep primary market vibrant even amid elections
Step 1: Visit the Link Intime India website (https://linkintime.co.in/initial_offer/public-issues.html)
Step 2: Select Go Digit IPO
Step 3: Enter the PAN details and click search to know the status
Go Digit GMP
In the unlisted market, the company’s shares are trading with a premium of Rs 9. This compares with an IPO price of 272, indicating a modest gains on listing day, which is fixed as May 23.
Ahead of the issue opening, the firm raised about Rs 1,176 crore in the anchor round, where Fidelity Investments, Goldman Sachs, ADIA and Custody Bank of Japan were among investors.
In 2020, cricketer Virat Kohli bought 2.66 lakh shares of the company for Rs 2 crore while actress wife Anushka Sharma invested 50 lakh through a private placement.
The insurance firm plans to utilise the net proceeds towards augmenting its capital base and maintaining the solvency levels.
Go Digit is a leading digital full-stack insurer and the fastest-growing private non-life insurer by GWP in India. They offer a simplified and customized customer experience, with a strong focus on empowering their distribution partners.
In the nine-month period ending December 2023, Go Digit’s net earned premium rose to Rs 5,115 crore vs Rs 3,767 crore in the corresponding period of the previous financial year. It reported a profit after tax of Rs 129 crore in the 9-month period vs Rs 10 crore in the first 9 months of FY23.
ICICI Securities, Morgan Stanley India, Axis Capital, Edelweiss Financial Services, HDFC Bank, and IIFL Securities are the book-running lead managers for the IPO.
