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How To Verify The Allotment Status For Go Digit IPO? Learn About GMP Now

Allotment of Digit IPO Today: The Indian player Virat Kohli and his spouse, as well as popular Bollywood actress Anushka Sharma, supported the insurance business Go Digit General Insurance, which raised 9.6 times its initial public offering (IPO). After being allocated the IPO, investors will begin receiving bank debit notices in the evening of May 21. On the portal of the registrar, Link Intime, as well as the BSE and NSE websites, one may verify the IPO status.

public subscription for the Rs 2,614.65-crore IPO was accepted between May 15 and May 17.

Go Digit IPO: How to Verify the Status of Allotments

On May 21, the Go Digit IPO allocation is expected to be finalized. On May 23, the company will be listed on the BSE and NSE.

The following procedures may be used to verify the status once the IPO allotment is finalized:

1) Use the following URL to access the official BSE website: https://www.bseindia.com/investors/appli_check.aspx.

2) Select “Equity” under “Issue Type.”

3) From the drop-down menu under “Issue Name,” choose “Go Digit General Insurance Ltd.”

4) Type in your Permanent Account Number (PAN), often known as your application number.

5) Next, choose “Search” after clicking the “I am not a robot” button to confirm who you are.

The status of your Share application will show up on your screen.

To monitor the status of the Go Digit IPO allocation, you may also access the official Link Intime site at linkintime.co.in/mipo/ipoallotment.html.

Go Digital with IPO GMP Now

Market watchers report that unlisted shares of Go Digit Insurance Ltd. are selling on the grey market for Rs. 25.50 more than the company’s issue price. With a gray market premium (GMP) of Rs. 25.50, the public offering is expected to provide a staggering 9.38% listing gain for the grey market. The GMP is dynamic and dependent on market mood.

The willingness of investors to pay above the issue price is shown by the “grey market premium.”

The Go Digit Initial Public Offering (IPO) was set at a price range of Rs 258–272 per share.

A minimum of 55 equity shares, as well as multiples of those shares, were required of investors. The least amount that individual investors had to deposit, therefore, was Rs 14,190 (55 (lot size) x Rs 258 (lowest price band)). At the top end, bids will be placed up to Rs 14,960.

Go Digit: Additional Information

In its initial public offering (IPO), Go Digit issued new equity shares valued at Rs 1,125 crore in addition to an Offer-for-Sale (OFS) of 5.47 crore equity shares by the company’s promoter, Go Digit Infoworks Services, and current shareholders, valued at Rs 1,490 crore. At the high end of the pricing range, this brings the total amount of the IPO to Rs 2,615 crore.

Go Digit Infoworks Services now has an 83.3% ownership position in the business. It has been suggested that the corporation use the proceeds from the new issue for general corporate objectives, capital base expansion, and solvency maintenance.

Among the company’s investors are actress Anushka Sharma and cricketer Virat Kohli. They are not offering any IPO shares for sale. 10% is allocated to individual investors, 15% to non-institutional investors, and about 75% of the issue size has been set aside for eligible institutional investors. Investors may place bids in multiples of 55 equity shares, following the minimum of 55 equity shares.

To fulfill the demands of its clients, Go Digit provides liability insurance, health insurance, travel insurance, property insurance, marine insurance, and other insurance products. It is among the first non-life insurance companies in India to run entirely on the cloud, and it has integrated several channel partners using application programming interfaces (APIs).

The Securities and Exchange Board of India (Sebi) gave Go Digit permission to list the IPO in March. In August 2022, the firm submitted a draft red herring prospectus (DRHP) to Sebi in an attempt to obtain money via an initial share offering.

But the main reason it was defeated was because of certain compliance requirements related to the system for employee stock appreciation rights. On January 30, 2023, Sebi returned Go Digit’s draft IPO filings and requested that the firm refile them with the necessary revisions. After that, in April 2023, the business once again submitted its preliminary IPO paperwork to Sebi.

The book-running lead managers for Go Digit’s IPO are ICICI Securities, Morgan Stanley India Company, Axis Capital, HDFC Bank, Nuvama Wealth Management, and IIFL Securities.

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