Go Digit IPO booked nearly 10x on last day: Check subscription status, allotment and listing

Go Digit IPO subscription closed with a decent subscription on Friday, May 17, as the initial public offer was booked nearly 10 times on the final day of bidding.

The public issue received bids for over 50.76 crore shares compared to more than 5.28 crore shares on offer reflecting an overall subscription of 9.6 times, as per the NSE data.

The (Qualified Institutional Buyer) QIB category saw the highest demand as the portion was booked 12.56 times receiving bids for over 36.22 crore shares compared to the 2.88 crore shares on offer for the category.

The retail category was subscribed 4.27 times as investors bid for over 4.1 crore shares against 96.12 lakh shares on offer.

The Non Institutional Investors (NIIs) category was subscribed 7.24 times and received bids for over 10.43 crore shares against 1.44 crore shares reserved for the category on the final day of bidding.

The Go Digit IPO is a book-built issue worth ₹2,614.65 crore. The IPO comprised a combination of a fresh issue of 4.14 crore shares worth ₹1,125 crore and an offer for sale (OFS) component of 5.48 crore shares worth ₹1,489.65 crore.

The public issue was open for subscription from May 15 to May 17.

Go Digit IPO allotment and listing

Go Digit IPO price band was fixed at ₹258 to ₹272 per share.

The mainboard IPO share allotment status is likely to be finalised by May 21. Go Digit shares are likely to list on the NSE and BSE on May 23.

About Go Digit Limited

Go Digit General Insurance Limited was incorporated in 2016. The Virat Kohli backed insurer provides insurance products such as motor insurance, health insurance, travel insurance, property insurance etc.

The company operates through 75 offices across India, as of March 31, 2024.

The company plans to use the money raised via the public issue for its existing business activities. The company anticipates that it will also benefit from the listing of its shares and expects it to enhance the visibility and its brand image.