Go Digit General Insurance IPO Set to Dazzle Investors: Key Details and Insights

Go Digit General Insurance Limited is gearing up to launch its highly anticipated IPO tomorrow, May 15, aiming to raise a whopping ₹2,615 crore.

The company has emerged as a top digital full stack non-life insurance player in the industry, leveraging technology to reshape product design, distribution, and customer experience.

Notable figures like Indian cricket star Virat Kohli and actress Anushka Sharma are among the company’s promoters, having invested in the company in the past.

In a recent development, SEBI had requested some compliance revisions in Go Digit’s IPO filing, which delayed the process but the company is now set to move forward with its public offering.

Go Digit General Insurance’s financial performance has been impressive, witnessing a significant increase in both revenue and profit after tax in the past year.

The IPO is set with a price band of ₹258 to ₹272 per equity share, with an emphasis on different investor categories, including retail, institutional, and non-institutional.

The offering will include both an offer-for-sale by existing promoters and fresh equity issuance, offering investors a share of the company’s potential growth.

With the listing date slated for May 23, Go Digit’s IPO is expected to attract massive investor interest, given the company’s innovative approach in the insurance sector.

Key listed peers in the industry include ICICI Lombard General Insurance Ltd, Star Health and Allied Insurance Company Ltd, and New India Assurance Company Ltd, offering a glimpse into the competitive landscape.

Investors are closely watching the grey market performance as the GMP remains positive, indicating a strong demand for Go Digit shares ahead of the listing.