DIGIT INSURANCE IPO

Go Digit sees moderate listing, but analysts project optimism. What investors should do

Analysts said Go Digit's position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the insurance market. The company's advanced technology platform and focus on innovation bode well for its future.

Go Digit share price jumps 9% after muted listing

Following its listing on Thursday with a modest premium of 3.35% at Rs 281 over its issue price of Rs 272, shares of Go Digit General Insurance continued to rally, surging another 9% to reach the day's high of Rs 305.85.

Virat Kohli-backed Go Digit debuts at 5% premium over IPO price

Go Digit's shares listed on NSE and BSE at a premium. The stock debuted at Rs 286 on NSE and Rs 281.1 on BSE, with strong interest from buyers.

Despite healthy response to IPO, Go Digit GMP slips on allotment day

Go Digit shares were trading with a GMP of Rs 50 in the unlisted market when the IPO opened for subscription. However, it has seen a consistent slide in the past few days and is currently trading with a premium of just Rs 25.

Go Digit General Insurance IPO subscribed 9.6 times

The Bengaluru based insurtech startup saw the retail portion subscribed 4.3 times, non institutional investors subscribed 7.2 times while qualified institutional buyers subscribed to the IPO 12.5 times. The Fairfax backed startup is looking to go public at a valuation of $3 to $3.2 billion

Go Digit Insurance IPO: Retail portion fully booked even as overall demand remains steady on Day 1

Virat Kohli bought 2.66 lakh shares of the company for Rs 2 crore in 2020, while Anushka Sharma invested 50 lakh through a private placement. Currently, Go Digit IPO GMP is Rs 45, slightly lower than the previous week.

Go Digit IPO sails through on Day 3. Check GMP and other details

Go Digit General Insurance IPO saw oversubscription and strong retail investor interest. Backed by celebrity investors, the company plans to enhance capital with the IPO proceeds, focusing on growth and empowering distribution partners.

Go Digit Insurance IPO subscribed 79% on Day 2, retail portion booked 254%. Check GMP, other details

Go Digit Insurance's IPO was subscribed 79% on the second day of the bidding process. The retail portion was fully subscribed at 2.54 times, while the non-institutional investors' portion reached 0.73 times. Qualified institutional buyers' quota was subscribed 0.24 times.

Go Digit retail portion subscribed 1.4 times

The portion for non-institutional investors was subscribed 0.3 times. Overall, on day 1, the insurtech company's issue was subscribed 0.36 times. Fairfax-backed Go Digit General Insurance, which runs Digit Insurance, had already raised ₹1,176.5 crore from anchor investors a day ahead of its IPO.

Go Digit on the fast track to growth is a long-term investor's bet, for now

Go Digit has grown business faster over the past six years. It has the lowest loss ratios among peers, which reflects high underwriting quality. In addition, a higher retention ratio and claims ratio augur well for future growth.

Office-sharing startup Awfis to launch IPO on May 22

Delhi-based Awfis has reduced the fresh capital it is raising from the offering to Rs 128 crore from Rs 160 crore earlier. Meanwhile, the company's offer for sale component (OFS), through which investors like Peak XV Partners and private equity firm ChrysCapital are divesting their stakes, has been increased to 12.3 million shares from 10 million shares earlier.

Go Digit IPO opens; quick commerce boost for FMCG firms

Go Digit General Insurance launched its Rs 2,615 crore initial public offering (IPO) on Wednesday. More details on this in today's ETtech Top 5.

Go Digit Insurance Rs 2,615 crore IPO retail portion fully subscribed

The IPO, priced between Rs 258 to Rs 272 per share, will close on Friday. The company had reserved 9.6 million shares for retail investors.

Go Digit General Insurance raises Rs 1,176 crore in pre-IPO funding

Fidelity, Goldman Sachs, ADIA, Steadview Capital, SBI MF, ICICI Prudential MF and Axis MF are among the anchor investors that participated. Digit Insurance has set a price band of Rs 258 to Rs 272 per share for its initial public offering, which opened on Wednesday, seeking a valuation of $3-3.2 billion.

Digit Insurance IPO's retail portion fully subscribed; key highlights of the offering

The retail portion of Digit Insurance's IPO was fully subscribed at 1.45pm. The company had reserved 9.6 million shares for retail investors in the issue that opened on Wednesday. The Rs 2,615-crore IPO comprises a fresh issue of Rs 1,125 crore and an offer for sale component of up to 54.7 million shares.

Virat Kohli-backed Go Digit IPO opens for subscription. Should you bid?

Go Digit Insurance IPO opens today and closes on May 17. The IPO includes a fresh equity issue of Rs 1,125 crore and an offer for sale of up to 5.47 crore shares. Virat Kohli and Anushka Sharma will retain their investments.

Go Digit Insurance IPO: GMP, price band among 10 things to know before subscribing to the issue

Go Digit Insurance IPO consists of fresh equity issue of Rs 1,125 crore and an OFS of up to 5.47 crore shares. While promoter Go Digit Infoworks will offload stakes, Virat Kohli and Anushka Sharma will continue to be investors. Its price band has been fixed Rs 258-278 apiece.

Virat Kohli, Anushka Sharma to score 263% return with Go Digit IPO

Strong financials, steady growth will help Digit’s public listing sail through: Kamesh Goyal

Insurance startup Digit is set to hit the public markets on May 15, looking to raise Rs 1,125 crore through a fresh issue of shares and an offer for sale of 54 million equity shares.

Go Digit IPO commands healthy GMP as Street awaits one of the most sought after issues this year

In the unlisted market, the company's shares are commanding a healthy premium of Rs 50 in the unlisted market. The company has priced the IPO in the range of Rs 258-278 per share

Digit IPO: tempering tech valuations & other top startup stories this week

This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.

Go Digit IPO: Price band for Virat Kohli-backed Rs 2,615 crore IPO announced

Go Digit IPO: Bengaluru-based insurtech start-up Go Digit General Insurance on Friday announced that its Rs 2,615 crore IPO, which will open on May 15 and close on May 17, will have a price band of Rs 258 to Rs 272 per share.

Digit to go public on May 15, looking to raise Rs 1,125 crore

Digit's upcoming IPO on May 15 aims to raise Rs 1,125 crore, delayed by Sebi compliance issues. Valued at $4 billion, Digit faced fines from IRDAI. With a new CEO, Digit is poised to enter the market.