The Last Day To Apply For Go Digit IPO GMP! Verify the Allotment Date, Subscription Status, and Other Information

Go Digit IPO GMP: Today is the final day for prospective investors to apply for the Go Digit IPO, which is headed by Anusha and Virat Kohli. The IPO is set to conclude on May 17. On the first and second days of the subscription period, the investment community responded overwhelmingly to the IPO. Check the most recent GMP, subscription status, and other information as day 3, the final day of the subscription window, approaches.

Go Digital with IPO GMP Now
Several unlisted market monitoring websites state that the grey market price (GMP) of Go Digit is between Rs. 14 and Rs. 15 per share.

Status of Go Digit IPO Subscription
On May 16, 2024, Day 2, the Go Digit IPO had received 0.80 times its total subscriptions. The retail category had a 2.57 times subscription rate, the Qualified Institutional Buyers (QIB) category had a 0.24 times subscription rate, and the Non-Institutional Investors (NII) category had a 0.73 times subscription rate.

Details of the Go Digit IPO

Digitize the IPO Issue Size
A new issuance of 4.14 crore shares valued at Rs 1,125.00 crores and an offer for sale of 5.48 crore shares valued at Rs 1,489.65 crores make up the Go Digit IPO, a book-built issue of Rs 2,614.65 crores.

Goals of the Go Digit IPO
The firm intends to use the net proceeds primarily to finance the anticipated initiatives detailed in the prospectus, in addition to supporting its current business operations. It also anticipates a number of advantages from listing its equity shares on stock markets, such as improved brand recognition and visibility among current and future consumers.

Timeline for the Go Digit IPO Subscription Window
The Go Digit IPO subscription period begins on May 15, 2024, and ends on May 17, 2024.

Date of Go Digit IPO Allotment
It is anticipated that the allocation will be completed on Tuesday, May 21, 2024.

Date of Go Digit IPO Listing
Go Digit IPO is expected to list on the BSE and NSE on Thursday, May 23, 2024.

Digitize IPO Pricing Band
A share’s pricing range for the IPO is set at Rs 258 to Rs 272.
Go Digit IPO Minimum Investment And Lot Size
Applications must have a minimum lot size of 55 shares, and individual investors must deposit a minimum of Rs 14,960. The minimum lot size for Non-Institutional Investors (NII) is 14 lots, or 770 shares, which is equivalent to Rs 209,440. It is 67 lots (3,685 shares) for Qualified Institutional Buyers (QIB), worth a total of Rs 1,002,320.

Lead Managers for the Go Digit IPO and Registrar: ICICI Securities Limited, Nuvama Wealth Management Limited, Axis Capital Limited, HDFC Bank Limited, IIFL Securities Ltd., and Morgan Stanley India Company Pvt Ltd. The issue’s registrar is Link Intime India Private Ltd.

Concerning Go Digit
Go Digit General Insurance Limited is an insurance company that was founded in December 2016 and offers a variety of insurance products to suit the various needs of its clients. These products include liability insurance, health insurance, travel insurance, property insurance, marine insurance, and auto insurance.Across all of its business divisions, the firm counts 74 active items in its portfolio. Go Digit General Insurance Limited’s extensive distribution network was bolstered by over 61,972 partners as of December 31, 2023, including 58,532 POSPs (Point of Sale Persons) and other agents.The organization has a significant national footprint, having set up distribution locations in 24 Indian states and union territories. across addition, Go Digit General Insurance Limited will have 75 offices across India as of December 31, 2023, which will increase consumer accessibility. As of December 31, 2023, the firm has 473 active bots that were designed to automate different activities for partners and internal departments in an effort to simplify operations. The employment of Go Digit General Insurance Limited also increased; as of March 31, 2023, there were 3,333 workers, and as of December 31, 2023, there were 3,957 people.