Go Digit General Insurance IPO
Go Digit General Insurance Limited (GODIGIT) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 23 May 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +4.2% (likely range +0% to +15%), day's high +16.0%, chance of a gain 80%. Actual: +5.2% at the open, +15.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,88,38,007 | 36,22,69,545 | 12.6x | |
| NII (HNI) total | 1,44,19,002 | 10,43,40,610 | 7.24x | |
| Big NII (above ₹10 lakh) | 96,12,668 | 7,95,85,330 | 8.28x | |
| Small NII (₹2-10 lakh) | 48,06,334 | 2,47,55,280 | 5.15x | |
| Retail | 96,12,668 | 4,10,11,300 | 4.27x | |
| Total | 5,28,69,677 | 50,76,21,455 | 9.60x |
Bids on NSE and BSE together, as published by NSE, as of 17 May 2024, 07:00 PM. Shares offered exclude the anchor portion. 7% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Go Digit General Insurance's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Gopal SnacksMar 2024 | 17.5x | 9.50x | 4.01x | 9.02x | ₹685 Cr | -12.5% | -4.0% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| Zaggle Prepaid Ocean ServicesSep 2023 | 16.7x | 8.85x | 5.94x | 12.6x | ₹574 Cr | 0.0% | +7.3% |
| Signatureglobal (India)Sep 2023 | 12.7x | 13.5x | 6.82x | 11.9x | ₹794 Cr | +15.3% | +23.1% |
| Muthoot MicrofinDec 2023 | 17.5x | 13.2x | 7.61x | 11.5x | ₹1,009 Cr | -5.4% | -3.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| Axis Capital | 107 | +20.4% | 73% |
| HDFC Bank | 16 | +15.8% | 75% |
| IIFL Securities | 94 | +19.3% | 71% |
| Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) | 35 | +11.9% | 66% |
Offer documents (NSE)
Frequently asked
What is the Go Digit General Insurance IPO price band and lot size? ₹258–272 per share, with a lot of 55 shares, so the smallest retail bid is ₹14,960.
How many times has it been subscribed? 9.60x overall: QIB 12.6x, NII 7.24x, retail 4.27x.
How did it list? It opened at ₹286, +5.2% against the issue price of ₹272, and closed its first day +12.5%.
