Go Digit IPO allotment date: On Tuesday, May 21, shares will be distributed for the Go Digit General Insurance IPO. The BSE and NSE stock markets are closed today, Monday, May 20, due to the Mumbai elections. The reimbursement process for individuals who did not get shares will begin on Wednesday, May 22. On Wednesday, the shares will be placed into the allottees' demat accounts. The date of the Go Digit IPO listing has been set for this Thursday, May 23.
On the last day of the bidding, the subscription status for the Go Digit IPO was 9.60 times. Let's examine the Go Digit IPO GMP trend before the allocation date for the offering.
According to analyst reports at investorgain.com, the current GMP of ₹22.50 suggests a declining tendency, based on activity in the grey market during the preceding 12 sessions. The lowest GMP is Rs. 11, and the highest is Rs. 70.
The current Go Digit IPO GMP is +22.50. According to investorgain.com, this shows that the price of Go Digit shares were selling at a premium of ₹22.50 on the gray market.
After accounting for the upper end of the IPO pricing range and the existing premium on the grey market, it is predicted that Go Digit's shares will list at a price of ₹294.5 per share, 8.27% more than the IPO price of ₹272.
The readiness of investors to part with more money than the issue price is indicated by a "grey market premium".
On the Link Intime India Private Ltd. website of the IPO registrar, you may ascertain the status of your allotment if you filed an application for the Go Digit IPO. Below is the status of the Go Digit General Insurance IPO allocation for your application:
How can I check the Registrar site's Go Digit General Insurance IPO allotment status?
Step One
Visit the IPO registrar's website, Link Intime India Private Ltd. Initial offer: https://linkintime.co.in/public-issues.html
Step Two
Choose the initial public offering (IPO) from the dropdown. The name will not be assigned until the allocation process is complete.
Step Three
To view the status, click the PAN, Demat Account, or Application No. buttons.
Step Four
In the application type area, select either non-ASBA or ASBA.
Step Five
Include the information for the mode that you chose in Step 2. Step Six
Click submit after completing the captcha.
Details of the Go Digit IPO
The Go Digit General Insurance IPO comprises of a new ₹1,125 crore issuance in addition to an offer-for-sale (OFS) of 54,766,392 equity shares by the founders and other selling shareholders.
The promoter selling shareholder, Go Digit Infoworks Services Private Ltd, intends to sell up to 54,755,614 equity shares. Additional selling shareholders Nikunj Hirendra Shah and Sohag Hirendra Shah intend to sell up to 3,778 equity shares, while Nikita Mihir Vakharia and Mihir Atul Vakharia jointly seek to sell up to 4,000 equity shares. In addition, Shanti Subramaniam and Subramaniam Vasudevan want to sell up to 3,000 equity shares.
The company will use the net revenues to support both the company's regular commercial operations and the projects that are suggested to be funded by the net profits. The firm anticipates benefits from the equity share listing on stock exchanges as well, believing that this would improve its brand awareness and reputation among current and future consumers.
ICICI Securities Limited, Axis Capital Limited, Edelweiss Financial Services Ltd, Hdfc Bank Limited, and Iifl Securities Ltd are the book running lead managers for the Go Digit IPO. The issue registrar is Link Intime India Private Ltd.
Cricket star Virat Kohli paid ₹2 crore for the company's 2.67 lakh shares in 2020, while his wife, actress Anushka Sharma, contributed ₹50 lakh to a private placement.
Red Herring Prospectus (RHP) lists the firm as one of the leading digital full stack non-life insurance providers. They employ technology to propel what they consider to be a creative strategy for the development, marketing, and customer experience of non-life insurance products.
