#NSE0032– Mainboard IPO Go Digit
Offering a wide array of insurance products allows Go Digit to cater to a diverse customer base with varying needs. Motor Insurance, Health Insurance, Travel Insurance, Property and Marine Insurance.
Company Overview:
- Business Model: Go Digit General Insurance offers a comprehensive suite of insurance products, including motor, health, travel, property, marine, and liability insurance. The wide range of products allows the company to cater to diverse customer needs and reduce dependency on any single insurance category.
- Customization of Products: The ability for customers to customize their insurance plans is a significant differentiator in the competitive insurance market, potentially enhancing customer satisfaction and retention.
- Product Portfolio: With 74 active products, Go Digit demonstrates a robust and diversified portfolio, which is essential in spreading risk and capitalizing on market opportunities across different insurance types.
Distribution and Technology:
- Partners and Distribution Network: The large number of partners (61,972), including POSPs and other agents, indicates a strong distribution network. This extensive network helps in reaching a broader customer base and facilitating deeper market penetration.
- Geographical Reach: Presence in 24 states and union territories across India shows significant geographical coverage, ensuring that the company’s services are accessible to a vast segment of the Indian population.
- Technology Integration: The deployment of 473 active bots for automating tasks indicates Go Digit’s commitment to leveraging technology to improve operational efficiency and customer service. This automation can lead to lower operational costs and faster service times, enhancing overall competitiveness.
IPO Breakdown:
- Total Issue Size: ₹2,614.65 crores
- Fresh Issue: 4.14 crore shares totaling ₹1,125.00 crores
- Offer for Sale: 5.48 crore shares totaling ₹1,489.65 crores
Key Dates:
- Subscription Open: May 15, 2024
- Subscription Close: May 17, 2024
- Allotment Date: May 21, 2024
- Listing Date: May 23, 2024, on both BSE and NSE
Pricing and Lot Size:
- Price Band: ₹258 to ₹272 per share
- Minimum Lot Size for Retail Investors: 55 shares, costing ₹14,960 (at the upper price band)
- sNII Minimum Lot Size: 770 shares, costing ₹209,440
- bNII Minimum Lot Size: 3,685 shares, costing ₹1,002,320
Celebrity Endorsement:
- Virat Kohli’s Involvement: Having a prominent figure like Virat Kohli as a backer not only boosts the brand’s visibility but can also instill greater confidence in potential investors and customers, leveraging his wide-reaching influence and appeal.
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
