Go Digit Debuts With Modest Gains, Lists at 5% Premium on Stock Exchanges

Go Digit debuted with a modest 5.14% increase, opening at Rs 286 compared to the IPO price of Rs 272, reflecting a reserved beginning on the stock exchanges.
Go Digit Debuts With Modest Gains, Lists at 5% Premium on Stock Exchanges

Go Digit General Insurance had a subdued stock market debut, opening at Rs 286 on May 23. This represents a modest 5.14% increase from the IPO price of Rs 272, marking a reserved start on the exchanges.

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Go Digit General Insurance IPO  saw a strong subscription level on Day 3, with QIBs at 12.56 times, non-institutional investors at 7.24 times, and RIIs at 4.27 times, bringing the total subscription to 9.60 times, showing robust overall investor interest.

Go Digit is a leading digital insurance firm that enhances user experience by simplifying non-life insurance such as motor, health, and property. They innovate in making policies understandable, even testing with 15-year-olds to ensure clarity. Customers receive clear, comprehensive policy documents and summaries at issuance, embodying the company’s commitment to transparency and simplicity.

Go Digit Insurance’s IPO aims to raise INR 1,250 crores to enhance its solvency ratio, essential for growth. Costs for listing, including legal and advertising fees, will be shared with selling shareholders.

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