Virat Kohli and Anushka Sharma backed Go Digit IPO was subscribed a total of 9.6 times on the last day. The retail portion was booked 4.27 times, while the QIB part was subscribed 12.56 times.
Go Digit opened its IPO for bidding on May 15 at a price band of Rs 258 to 272 per equity share. The company offered 96.2 million shares via a combination of fresh issue and offer for sale.
All Eyes on Allotment
The company’s share allotment is expected to be finalised by May 21.
Grey Market Premium
The company’s stocks were fetching a premium of over 3% in the grey market. It is an unofficial market where shares are traded illegally ahead of listing.
Listing
The company’s shares are expected to list on 23 on both the bourses – NSE and BSE.
Book Runners
Morgan Stanley India Company, ICICI Securities, Axis Capital, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers. Link Intime India has been chosen as the registrar for the issue.
About Go Digit General Insurance
Go Digit General Insurance is in the business of insurance providing motor insurance, travel insurance, property insurance, and many other insurance products, which customers can customise according to their needs. As of now, the company has launched a total of 74 active products across all its business segments.
