Go Digit General Insurance IPO Review

Go Digit General Insurance Ltd. (GDGIL) stands out as a top digital non-life insurance company, commanding 82.5% of the market in the nine months up to December 2023, totaling Rs. 66.80 billion. With consistent growth, it's a key player alongside Acko and Navi. Despite an average loss per share of Rs. (1.23) and a return on net worth of (6.32)% over the past three fiscal years, GDGIL has amassed Rs. 200 Cr. in debt. The IPO comes with a high price-to-earnings ratio despite ongoing losses, and no dividends have been declared. While the company shows promise, investors may hesitate due to its aggressive pricing and recent profitability turnaround from FY23. So investors can avoid the ipo.