GO DIGIT SHARES

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After gaining over 24% within three weeks since listing on bourses on May 23, the stock of Go Digit General Insurance has remained range bound following weak performance in the March quarter, which was declared on June 11.

The company's shares were up nearly 10% in the early trade on Wednesday, the stock closed at Rs 341,75, up 1% from the previous day. In the last quarter of FY24, Go Digit reported Rs 2,336 crore worth of gross premium collected, up 19.4% from Rs 1,9...

Go Digit General Insurance shares surged 10% to a record high of Rs 372.35 after reporting robust Q4 results. PAT soared 104% YoY to Rs 53 crore. Q4 gross written premium rose nearly 19% YoY to Rs 2,336 crore. FY net profit jumped 405% to Rs 182 cro...

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The net profit stood at Rs 182 crore for the full financial year as against Rs 36 crore in FY23, recording a 405% jump. The gross written premium for the full financial year stood at 9,016 crore versus Rs 7,243 crore in FY23.

The Go Digit IPO garnered a robust reception, with the company's shares commanding a premium of Rs 25 in the unlisted market. Demand for the issue surged nearly 10 times by the close, fueled by strong interest from both retail and institutional inve...

Ahead of the issue opening, the firm raised about Rs 1,176 crore in the anchor round, where Fidelity Investments, Goldman Sachs, ADIA, and Custody Bank of Japan were among the investors.

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.

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.

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.

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.

After a strong response for the IPO, Virat Kohli-backed Go Digit Insurance is likely to finalise the share allotment on Tuesday. The issue was booked nearly 10 times at close on strong interest from retail and institutional buyers.

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 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'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...

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 cror...

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 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 be...