Go Digit IPO Day 3Check latest subscription, GMP

The going public (IPO) of Go Digit saw a general membership of over 9 times on the lat day of its public concern.

It saw a general membership of 9.60 times. The general public problem subscribed 4.27 times in the retail classification, 12.56 times in QIB classification, and 7.24 times in the NII classification on May 17, 6:19 PM.

The IPO used 5,28,69,677 shares however got quotes for 50,76,21,455 shares.

Indian cricketer Virat Kohli and his better half, Bollywood star Anushka Sharma, are investors in the business, according to the RHP.

The previous India guys’s cricket group captain acquired 2,66,667 equity shares at Rs 75 per share, investing Rs 2 crore in February 2020.

Anushka Sharma got 66,667 equity shares at the exact same cost, totaling up to a financial investment of Rs 50 lakh in the business.

The celeb couple is anticipated to see a significant boost in their wealth, with returns of over 3.6 times.

Go Digit IPO newest GMP

The current Grey Market Premium (GMP) for the Go Digit General Insurance IPO is Rs 9 since May 17, 2024 at 4:53 PM.

Offered the IPO’s rate band of Rs 272, the approximated listing rate of Go Digit General Insurance IPO is Rs 281 (upper cost band + present GMP).

The anticipated gain or loss per share is 3.31%.

Go Digit IPO information

Go Digit General Insurance’s promoters consist of Prem Watsa’s Fairfax Group, Kamesh Goyal, GoDigit Infoworks Services, and Oben Ventures LLP.

The business has actually lowered its offer-for-sale (OFS) element to 5.47 crore equity shares from the formerly proposed 10.94 crore shares.

Go Digit intends to raise a little over Rs 2,600 crore through its IPO, which will be open for membership from May 15 to May 17.

The IPO is divided, with 75% booked for certified institutional bidders (QIBs), 15% for non-institutional financiers, and 10% for retail financiers.

The business accomplished success in the fiscal year 2023-24, reporting a net earnings of Rs 35.54 crore with an income of Rs 39.19 crore. For the 9 months ending December 31, 2023, its net earnings was Rs 129.02 crore with an income of Rs 130.83 crore.

The book running lead supervisors for the Go Digit IPO are ICICI Securities, Morgan Stanley India Company, Axis Capital, Nuvama Wealth Management, HDFC Bank, and IIFL Securities. Connect Intime India is the registrar for the problem.

Shares of the business are set to be noted on both BSE and NSE, with a tentative listing date of Thursday, May 23.