How To Check Go Digit IPO Allotment Status

On May 17, the final day of subscription, Go Digit General Insurance was subscribed 9.60 times. The Go Digit IPO Allotment status is set to be finalised on Tuesday, May 21.

If you applied for the IPO, here is how you can check the Go Digit IPO allotment status.

Checking Aadhar Housing Finance IPO Allotment Status on Registrar's Website:

Follow these steps to check the Go Digit IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Go Digit" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Submit to retrieve the Go Digit IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Go Digit" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Go Digit IPO allotment status will be visible.

Go Digit IPO Subscription Status

The Qualified Institutional Buyers (QIBs) category has seen a subscription of 12.56 times, while the Non-Institutional Investors (NIIs) category has been subscribed 7.24 times. The Retail Individual Investors (RIIs) category has been subscribed 4.27 times.

The IPO's allocation structure reserves up to 50% of the shares for QIBs, a minimum of 15% for NIIs, and at least 35% for retail investors.

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Go Digit IPO GMP

The Go Digit IPO GMP currently stands at ₹26, a jump from the ₹9 reported last week. Considering the upper price band of the IPO, the stock is expected to list at ₹298, indicating a potential gain of approximately 10% on listing. However, it is important to remember that while GMPs can provide some insight into market sentiment, they are not always a reliable predictor of a stock's performance upon listing.

Go Digit IPO Details

The IPO, which aims to raise ₹2,614.65 crore, consists of a fresh issue of 4.14 crore shares and an offer for sale of 5.48 crore shares. The price band for the IPO is set between ₹258 to ₹272 per share, with a minimum lot size of 55 shares for retail investors.

Go Digit intends to utilize the net proceeds for various purposes including the repayment of existing borrowings, funding working capital needs, and supporting general corporate requirements. The company has successfully secured ₹1,176 crores from 56 anchor investors, featuring prominent names like Fidelity, Abu Dhabi Investment Authority (ADIA), and hedge fund Bay Pond Partners. Scheduled for listing on both the BSE and NSE on May 23, 2024.

About Go Digit

Founded in December 2016, Go Digit General Insurance Limited offers a diverse range of insurance products tailored to meet various needs. Their portfolio includes motor, health, travel, property, marine, and liability insurance, along with customisable options. As of December 31, 2023, Go Digit had an extensive network of approximately 61,972 partners, including 58,532 POSPs and other agents. With distribution centres strategically positioned across 24 states and union territories in India, the company has established a strong presence to serve a wide-ranging clientele effectively.

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