Go Digit IPO allotment results
Go Digit IPO Allotment
IPO News: Go Digit General Insurance Ltd’s initial public offer (IPO) saw a lot of demand from investors during the subscription period. Now that the bidding process for the IPO is over, investors need to keep an eye out for the final allotment of the company’s shares. The final allotment of Go Digit’s shares is expected to be completed today, May 21, 2022.
Go Digit’s IPO was launched on May 15, 2022, and the public issue was closed on May 17, 2022. The company’s IPO listing date is set for May 23, 2022, and it will be listed on the BSE and the NSE. Investors can check the status of their shares in Go Digit IPO online once the basis has been finalized. On May 22, the company will credit the successful bidders’ shares into their demat accounts, and on the same day, refunds will be initiated for those whose bids were rejected.
Go Digit IPO Allotment Status Check: How to check the allotment status of GoDigit IPO online?
Investors who have bid in the GoDigit IPO can check the GoDigit allotment status online through the official website of the stock exchange (BSE) and the official platform of the IPO registrar (link in time India Pvt Ltd), which is the GoDigit IPO Registrar.
Here are the steps investors need to follow to check the status of the GoDigit IPO allotment on LinkIntime:
Step 1: Go to Link Intime India’s website –
https://linkintime.co.in/initial_offer/public-issues.html
Step 2: Click on the Go Digit General Insurance Company dropdown menu
Step 3: Select the company you want to invest in
Step 4: Select your PAN, Application Number, DP/Client ID, and Account Number./IFSC
Step 5: Enter your details according to the option you have chosen
Step 6: Click on ‘Submit’
Step 7: Your Go Digit IPO allocation status will be shown on the screen.
Today’s Go Digit’s IPO GMP
Go Digit’s IPO GMP today is ₹ 26 per share. This means that Go Digit’s shares were trading in the grey market at a premium of ₹26 over their issue price, which is ₹272 per share.
Based on the latest Go Digit GMP today, and the price of the IPO, it is estimated that the shares of Go Digit will be quoted on the stock exchange at a price range of ₹298 per share, which is 9.56% higher than the issue price.
Go Digit IPO Details
The bidding process for Go Digit’s Initial Public Offering (IPO) started on May 15 and concluded on May 17. The allotment of shares is expected to be completed on May 21, with Go Digit’s IPO listing date set for May 23. The price band of the IPO is ₹258-272 per share, with the upper end of the price band being ₹2.65 crore. The IPO consists of a fresh issue of ₹1.125 crore equity shares (4.14 crore) and an OFS component (5.48 crore shares) totaling ₹1.
Go Digit IPO Book Running Lead Manager:
ICICI Securities
Morgan Stanley India Company
Axis Capital
HDFC Bank
IIFL Securities
Novama Wealth Management
IPO Registrar: Link Intime India Pvt Ltd
GoDigit is a leading digital full-stack Non-life insurance provider.
In 2020, the company’s shares were purchased by Indian cricketer Virat Kohli for 2.67lk rupees (₹2crore).
In a private placement, Anushka Sharma, wife of the cricketer Virat Kohli, invested Rs. 50l rupees in the company.
Go Digit IPO Subscription Status
The Go Digit IPO saw a strong demand from all categories of investors during the bidding period, resulting in an overall subscribed amount of 9.60x. According to BSE data, the public issue raised bids for a total of 50.76 cr of equity shares, as compared to the 5.28 cr shares offered. The subscription was 4.27x for retail investors, 12x for QIB investors, and 7x for NII investors.
