Go Digit IPO

Go Digit Insurance plans to raise INR 1250 crores via fresh issue and sell 10.94 crore existing shares to meet solvency ratios and general corporate purposes.

Important Details

Open Date : May 15, 2024 Close Date : May 17, 2024 Allotment Date: May 21, 2024 Listing Date: May 23, 2024

Important Details

IPO Price: INR 258-272 per share Lot Size: 55 shares Total Issue Size: INR 2,614.65 crores

Fundamental Analysis

Go Digit's financial analysis: 1. Revenue trend: initial decline, then recovery. 2. Profitability and EPS improved. 3. RoNW decreased, indicating mixed performance.

Peer Comparison

Digit General Insurance: Consistent EPS growth, Lower valuations compared to peers. New India Assurance: Significant scale, Robust valuation multiples, reflecting investor confidence. Star Health: Strong earnings & valuation ratios, Competitive player in the insurance industry.


Go Digit Insurance IPO objective: 1. Utilize INR 1,250cr for robust solvency ratio. 2. Ensure vital business growth. 3. Share offer expenses proportionately with selling shareholders for listing equity shares.

Risks And Challenges

Go Digit IPO risks: 1. History of losses, limited operational experience. 2. Challenges in estimating loss reserves. 3. Adherence to IRDAI regulations on equity shares. 4. Heavy reliance on motor insurance revenue. 5. Vulnerabilities to market & regulatory changes.