Go Digit IPO share allotment likely today: Here’s how to check allotment status

Go Digit, the Bengaluru-based insurance startup which has launched an initial public offering (IPO), is likely to finalise the share allotment status today (May 21). The offer was launched last week, with a three-day subscription window.

On the final day of bidding, the IPO of the Virat Kohl-backed Go Digit was booked 9.6 times. It received bids for 50.76 crore shares as against 5.28 crore shares on offer for public investors.

The subscription status indicates that the shares are likely to be listed at the upper end of the IPO price band of ₹258 to ₹272 per share. Investors were required to book a minimum lot size of 55 shares.

Notably, the IPO was launched on May 15, and the last date for subscription was May 17. With the stock exchanges closed on May 20 on account of Lok Sabha elections, the IPO share allotment status was expected to be finalised on May 21.

Investors who have been selected under the allotment scheme will find their shares credited in their demat accounts. The refund process for investors who could not be allotted the shares is expected to be initiated on May 22. The listing date has been fixed as May 23.

Go Digit IPO: How to check share allotment status?

• Visit the IPO registrar’s website at - https://www.linkintime.co.in/
• Click on the 'Public Issues' section.
• Choose ‘Go Digit IPO’ from the issue name menu
• Enter any of these- PAN, IPO application number, DP/Client ID or bank account number and IFSC.
• Click on the 'Submit' button.
• The share allotment status will now be displayed on your screen.

It’s important to note that the company name and the share allotment status will be displayed only after the share allotment status is finalised by the insurance firm.

Steps to check share allotment status using the BSE website:

• Log on to the BSE website using this link: https://www.bseindia.com/investors/appli_check.aspx
• Select the issue type as Equity
• Select Go Digit General Insurance from the drop-down menu.
• Enter your PAN details and the captcha.
• Click on the search button

The investors can also check the IPO share allotment status by using PAN and bank account details after logging in to the NSE website.

Here’s the category-wise subscription status

The public issue was subscribed 4.27 times in the retail category, with retail investors bidding for over 4.1 crore shares against the 96.12 lakh shares reserved for the category.

Qualified institutional buyers (QIBs) led the demand, as the segment was subscribed 12.56 times with biddings for 36.22 crore shares compared to the 2.88 crore shares on offer.

The issue was subscribed 7.24 times in the non-institutional investors (NII) category and received bids for over 10.43 crore shares compared to the 1.44 crore shares reserved for the category.

To know more about IPOs listing, schedule and upcoming IPOs, click here.