Go Digit General Insurance Limited IPO GMP

The Go Digit IPO is a book built issue aiming to raise Rs 2,614.65 crores. It comprises a fresh issue of 4.14 crore shares worth Rs 1,125.00 crores and an offer for sale of 5.48 crore shares totaling Rs 1,489.65 crores. Subscriptions open on May 15, 2024, and close on May 17, 2024, with allotments expected by May 21, 2024.

The listing on BSE and NSE is slated for May 23, 2024. Priced between ₹258 to ₹272 per share, the IPO requires a minimum lot size of 55 shares, with retail investors needing a minimum investment of ₹14,960. Institutional investors have specific lot size requirements, with sNII at 14 lots (770 shares) and bNII at 67 lots (3,685 shares).

ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, Hdfc Bank Limited, Iifl Securities Ltd, and Nuvama Wealth Management Limited serve as the book running lead managers, with Link Intime India Private Ltd as the registrar.