Go Digit General Insurance will collect Rs 2,614.65 crore from investors by offering them fresh issues as well as an offer for sale.
IPO date
The IPO will open on May 15 and close on May 17.
Allotment
It is expected that the allotment of the Go Digit’s shares may finalise on May 21
Listing
Go Digit’s listing is expected to take place on May 23 on both the bourses – NSE and BSE.
Price Band
It has set a price band of Rs 258 to 272 per equity share.
Lot Size
A retail bidder needs to subscribe at least 55 shares i.e. a single lot. For NIIs and QIBs lot size is different.
BRLMs
The issue’s lead managers are ICICI Securities, Morgan Stanley India Company, Axis Capital, HDFC Bank, IIFL Securities, and Nuvama Wealth Management.
Registrar
Link Intime India is working as the registrar for the issue of Go Digit.
About Go Digit General Insurance
Go Digit is an insurance-providing company offering various kinds of insurance products such as motor insurance, travel insurance, health insurance, marine insurance, and other insurance products, which can be customised according to customers’ needs. As of now, the company has a total of 74 active products across different business lines.
Objective of IPO
The insurance company wants to utilise the collected money to undertake its existing business activities and to enhance the visibility & its brand image among its existing & potential customers.
Reservation
IPO’s 10% has been saved for the retail investors, while the QIB investors can bid for 75% of the issue and NII for not more than 15%.