Go Digit General Insurance IPO announces price band at ₹258-272 per share; check issue size, key dates, more.

The level terms is 25.80 times the look worth of the equity shares and the headdress terms is 27.20 times the look worth of the equity shares. The price/earnings ratio based connected diluted EPS for 2023 for the issuer astatine the precocious extremity of the terms set is arsenic precocious arsenic 680 arsenic compared to the mean manufacture adjacent radical PE Ratio of 46.13x. 

The Go Digit General Insurance IPO batch size is 55 equity shares and successful multiples of 55 equity shares thereafter.

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Go Digit General Insurance IPO has reserved not little than 75% of the shares successful the nationalist contented for qualified organization buyers (QIB), not much than 15% for non-institutional Institutional Investors (NII), and not much than 10% of the connection is reserved for retail investors.

The Go Digit General Insurance archetypal nationalist offering (IPO) ground for stock allocation is expected to beryllium finalised connected Tuesday, May 21. The institution volition commencement refunding connected Wednesday, May 22, and the shares volition beryllium credited to the allottees' demat accounts the aforesaid time aft the refund. Go Digit General Insurance stock terms is apt to beryllium listed connected BSE and NSE connected Thursday, May 23.

The company's promoters see FAL Corporation, Oben Ventures LLP, GoDigit Infoworks Services Private Limited, and Kamesh Goyal.

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Go Digit General Insurance Limited is an security institution that provides clients with customisable health, liability, property, marine, travel, and car security policies successful summation to different security products. Currently, the company's concern lines comprise 74 progressive goods that it has released.

The company's listed peers are New India Assurance Company Ltd (with a P/E of 38.47x), Star Health and Allied Insurance Company Ltd ( with a P/E of 53.79x), and ICICI Lombard General Insurance Company Ltd (with a P/E of 48.14x)

The Go Digit IPO's publication moving pb managers are ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Edelweiss Financial Services Ltd, Hdfc Bank Limited, and Iifl Securities Ltd. The issue's registrar is Link Intime India Private Ltd.

Go Digit General Insurance IPO details 

 The Go Digit General Insurance IPO comprises a caller contented of ₹1,125 crore, and an offer-for-sale (OFS) of 54,766,392 equity shares by the promoters and different selling shareholders.

The Promoter Selling Shareholder, Go Digit Infoworks Services Private Ltd, volition offload up to 54,755,614 equity shares; different selling shareholders, Nikita Mihir Vakharia, jointly with Mihir Atul Vakharia, volition merchantability shares up to 4,000 equity shares, and Nikunj Hirendra Shah, jointly with Sohag Hirendra Shah, plans to offload up to 3,778 equity shares. Further, Subramaniam Vasudevan, jointly with Shanti Subramaniam, plans to merchantability up to 3,000 equity shares.

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The institution intends to usage the Net Proceeds for the pursuing purposes: to transportation retired its existent concern operations; and to transportation retired the projects that are suggested to beryllium supported by the Net Proceeds. In addition, the concern anticipates benefits from listing the equity shares connected banal exchanges, which it believes would amended marque consciousness and representation among existent and prospective consumers.

The Go Digit IPO's publication moving pb managers are ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Edelweiss Financial Services Ltd, Hdfc Bank Limited, and Iifl Securities Ltd. The issue's registrar is Link Intime India Private Ltd.

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Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts and broking companies, not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decision.

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Published: 10 May 2024, 08:45 AM IST