Go Digit General Insurance
Book Building issueMainboard₹2,615 Cr issue
+3.35%
Listing gain over issue price
Issue size
₹2,615 Cr
1 lot at cut-off
₹14,960
Lot size
55shares
Open
15 May 2024
Close
17 May 2024
Allotment
21 May 2024
Listing
23 May 2024
Listing performance
Issue price
₹272
Listed at
₹281.10
Listing-day close
₹306
Latest price
₹269.50
Close on 23 Oct 2026
Listing gain
+3.35%
Return since issue
-0.92%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 15 May 2024 – 17 May 2024
- Listing date
- 23 May 2024
- Face value
- ₹10 per share
- Issue price
- ₹272 per share
- Lot size
- 55 shares
- Issue type
- Book Building issue
- Total issue size
- ₹2,615 Cr
- Market cap at offer price
- ₹24,948 Cr
- Promoter holding
- 83.31% → 73.58% pre-issue → post-issue
- ISIN
- INE03JT01014
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- ICICI Securities Ltd.
- Registered office
- 1 to 6 Floor, Ananta One, Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivaji Nagar, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 4,32,57,009 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 55 shares per lot, in multiples, at ₹272
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 55 | ₹14,960 |
| Retail (max) | 13 | 715 | ₹1,94,480 |
| S-HNI (min) | 14 | 770 | ₹2,09,440 |
| S-HNI (max) | 66 | 3,630 | ₹9,87,360 |
| B-HNI (min) | 67 | 3,685 | ₹10,02,320 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
4,32,57,009
Anchor portion
₹1,177 Cr
at ₹272 per share
Valuation and performance
Valuation at offer price
₹272 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.41 | 1.88 |
| P/E (×) | 663.41 | 144.68 |
| Price to book (×) | 9.67 | — |
| Market cap | — | ₹24,948 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 5.25%
- NAV per share
- ₹27.75
- Price to book
- 9.67
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Go Digit General Insurance
Go Digit General Insurance Limited was incorporated as 'Oben General Insurance Limited' on December 7, 2016, and renamed to 'Go Digit General Insurance Limited' on June 12, 2017. The company is licensed by IRDAI (Registration Number 158) and operates as a digital full-stack insurer with end-to-end digital capabilities across the insurance value chain including sourcing, underwriting, administration, analytics, fraud detection and claims servicing. In the nine months ended December 31, 2023, the company catered for approximately 82.5% (₹66.80 billion) of GWP written by digital full-stack insurance players in India, making it the largest in this category. The company offers customizable insurance products including motor (61.1% of GWP in nine months ended December 31, 2023), health (14.9%), property and engineering (11.4%), liability (1.7%), personal accident (3.6%), travel (0.3%), and other products (7.0%). The company has generated GWP of ₹66,796.78 million in nine months ended December 31, 2023 and ₹72,429.85 million in FY 2023.
Company Analysis
from RHPGo Digit General Insurance Limited is a leading digital full-stack general insurance company offering motor, health, travel, property, marine, liability and other non-life insurance products through digital channels.
Go Digit General Insurance Limited was incorporated as 'Oben General Insurance Limited' on December 7, 2016, and renamed to 'Go Digit General Insurance Limited' on June 12, 2017. The company is licensed by IRDAI (Registration Number 158) and operates as a digital full-stack insurer with end-to-end digital capabilities across the insurance value chain including sourcing, underwriting, administration, analytics, fraud detection and claims servicing. In the nine months ended December 31, 2023, the company catered for approximately 82.5% (₹66.80 billion) of GWP written by digital full-stack insurance players in India, making it the largest in this category. The company offers customizable insurance products including motor (61.1% of GWP in nine months ended December 31, 2023), health (14.9%), property and engineering (11.4%), liability (1.7%), personal accident (3.6%), travel (0.3%), and other products (7.0%). The company has generated GWP of ₹66,796.78 million in nine months ended December 31, 2023 and ₹72,429.85 million in FY 2023.
Non-life insuranceGeneral insuranceMotor insuranceHealth insuranceTravel insuranceProperty insuranceMarine insuranceLiability insurance
Objects of the Issue
- Maintenance of solvency ratio ₹11,250 million p.23
- Maintenance of solvency ratio as required under Section 64VA of the Insurance Act, read with the IRDAI Actuarial and Allied Regulations, 2024 p.74
- Funding capex and expansion ₹11,250 million (Fresh Issue component) p.121
- Maintenance of solvency ratio ₹11,250 million (Fresh Issue gross proceeds) p.193
- Not specified in this document section (Part 5 covers KPIs, comparisons, valuation metrics and business overview only)
Issue Structure
- Total Issue
- Up to [●] Equity Shares aggregating up to ₹[●] million
- Fresh Issue
- Up to [●] Equity Shares aggregating up to ₹11,250 million
- Offer for Sale
- Up to 54,766,392 Equity Shares aggregating up to ₹[●] million
- Price Band
- Price band of ₹[●] (Floor Price) to ₹[●] (Cap Price) per Equity Share
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹10 per Equity Share
Business Model
Go Digit generates revenue through underwriting of non-life insurance premiums across multiple product lines (motor, health, travel, property, marine, liability and miscellaneous insurance). The company also earns investment income from its investment portfolio. In nine months ended December 31, 2023, total income was ₹58,911.89 million, comprising policyholder income of ₹57,502.35 million and shareholder income of ₹1,409.54 million.
Business Segments
Motor insurance products covering automobile vehicles
Health insurance products excluding travel and personal accident
Property and engineering insurance products
Other insurance products including mobile, personal accident and travel insurance
Liability insurance products
Marine insurance products
Provides motor third-party liability insurance and own damage cover for motor vehicles, representing the largest revenue contributor at 61.1% of GWP for the nine months ended December 31, 2023.
Provides health insurance coverage excluding travel and personal accident insurance, contributing 14.9% of GWP for the nine months ended December 31, 2023.
Provides insurance for property damage and engineering risks, contributing 11.4% of GWP for the nine months ended December 31, 2023.
Provides liability insurance coverage, contributing 1.7% of GWP for the nine months ended December 31, 2023.
Provides personal accident insurance coverage, contributing 3.6% of GWP for the nine months ended December 31, 2023.
Provides travel insurance coverage, contributing 0.3% of GWP for the nine months ended December 31, 2023.
Provides miscellaneous insurance products, contributing 7.0% of GWP for the nine months ended December 31, 2023.
Provides health insurance products to individuals and groups
Provides health insurance to corporate employees through group policies
Provides motor vehicle insurance coverage
Provides fire insurance coverage
Provides marine cargo and hull insurance
Provides various miscellaneous insurance products
Underwriting motor vehicle insurance policies covering risk of loss or damage to automobiles
Underwriting fire and property damage insurance policies
Underwriting marine cargo insurance covering goods in transit by sea
Underwriting marine insurance for vessels, hulls, and related maritime risks
Underwriting engineering and equipment insurance policies
Underwriting health and medical insurance policies
Underwriting crop insurance for agricultural risks
Underwriting aviation-related insurance coverage
Underwriting liability insurance policies covering legal liability risks
Underwriting miscellaneous insurance products not covered by other segments
Motor insurance offers financial assistance when an automobile is involved in an accident. Comprises Motor Third Party (TP) and Motor Own Damage (OD) coverage.
Health insurance covers expenses incurred due to medical care, offering protection against hospitalization, treatment of critical illnesses, medical bills post-hospitalization, and day-care procedures.
Personal accident insurance offers protection against death or disability caused due to an accident.
Property insurance provides coverage for loss or damage to structures and property; Engineering insurance covers engineering-related risks.
Fire insurance is a property insurance providing coverage for loss or damage to a structure in the event of a fire.
Marine insurance covers the loss/damage of ships, cargo, terminals, including any other means of transport by which goods are transferred, acquired, or held during transportation.
Travel insurance provides coverage for travel-related risks and incidents.
Liability insurance provides coverage for legal liability arising from bodily injury, property damage or other covered incidents.
Includes personal insurance for cars and motorcycles, as well as commercial insurance for rickshaws, taxis and trucks.
Includes group and retail accident and medical insurance, such as corporate group health and individual health insurance, with a variety of standard coverage plans, as well as optional coverage.
Includes insurance covering homeowners or personal property, commercial insurance covering shops, factories or offices, engineering insurance and fire insurance, typically intended for individuals, entrepreneurs, micro- to small-to-medium-sized enterprises. This category also includes commercial insurance, such as industrial all risk insurance and mega risk insurance, which is typically targeted at large corporations.
Includes international travel and domestic flight amendment, no-show, cancellation and delay insurance, including travel to or from the United States. We offer flight delay insurance that allows claims to be made if a flight is late by as little as 90 minutes.
Includes individual and group personal accident insurance. Group personal insurance can cover employment and non-employment relationships, including credit-linked group insurance, or policies that repay certain debt obligations in the case of death or covered serious illnesses.
Includes legal liability insurance, workmen's compensation, public liability, product liability, management liability and professional liability. Legal liability insurance protects individuals or institutions from legal liability arising out of any third-party bodily injury, third-party property damage or third-party financial loss caused by actions of the insured.
Includes other types of insurance that we write, such as marine insurance, engineering insurance, insurance for assets and crop insurance, and more recently, pet insurance, clinical trial insurance, commercial crime insurance and commercial cyber insurance.
Fire insurance business underwriting and management
Marine insurance business underwriting and management
Miscellaneous insurance including motor, health, liability, engineering, personal accident and other classes
Provides motor own damage and motor third-party liability insurance
Provides health and medical expense insurance
Provides personal accident and travel insurance
Provides fire and allied perils insurance for properties
Provides marine cargo and marine hull insurance
Provides public liability, product liability, other liability, and engineering insurance
Provides workers' compensation insurance
Provides insurance coverage for damage to insured motor vehicles
Provides third party liability insurance for motor vehicles
Provides health insurance coverage
Provides fire insurance coverage
Provides marine cargo insurance coverage
Provides engineering insurance coverage
Provides personal accident insurance coverage
Provides liability insurance coverage
SWOT Analysis
Strengths
- • Leading digital full-stack insurance player in India(p.22)
- • Largest market share among digital full-stack insurers(p.22)
- • Significant customer base and strong growth trajectory(p.31)
- • Improved profitability in recent periods(p.24)
- • Strong solvency position above regulatory requirements(p.31)
- • Diversified product portfolio across insurance segments(p.22)
- • High automation in underwriting with 99.7% of applications processed automatically(p.64)
- • Strong gross direct premium growth rate of 31.8% in Financial Year 2023(p.44)
- • High net retention ratio of 81.6% in Financial Year 2023, indicating strong risk retention capacity(p.44)
- • Improving solvency position with ASM to RSM ratio of 1.78x in FY2023, above the 1.50x requirement(p.44)
- • Non-Executive Chairman provides strategic direction and oversight(p.91)
- • Specialized insurance expertise and skilled personnel team(p.91)
- • Broad geographic distribution across 25 states and union territories(p.96)
- • Strong growth trajectory in health insurance segment(p.92)
- • Leading digital full-stack insurance company with technology-powered approach(p.194)
- • Simple and tailored customer experience as competitive strength(p.199)
- • Focus on empowering distribution partners(p.199)
- • Predictive underwriting models capability(p.199)
- • Advanced technology platform(p.199)
- • Nimble organization with skilled and experienced management team(p.199)
- • Leading digital full-stack insurer with significant market share among digital players(p.260)
- • Superior underwriting performance with low loss ratios compared to peers(p.254)
- • Fastest growing private non-life insurer by GWP(p.260)
- • Cloud-based technology platform enabling operational efficiency(p.265)
- • Strong customer satisfaction and brand reputation(p.269)
- • Significant and growing customer base with high retention(p.260)
- • Efficient operating model with controlled expense ratios(p.267)
- • Strong motor insurance market position with growing share(p.241)
- • Strong market share growth and efficiency gains(p.274)
- • Superior GWP per employee productivity(p.284)
- • Advanced technology-driven underwriting with AI/ML automation(p.278)
- • Fast and efficient claims settlement(p.279)
- • Diversified multi-product platform across multiple insurance lines(p.276)
- • Strong technology infrastructure with cloud-based integrated platform(p.278)
- • Large and growing distribution network(p.277)
- • Leading digital full stack insurance player with 82.5% market share among digital-native insurers(p.499)
- • Fastest growing insurer by GWP among private non-life insurers in FY2023(p.499)
- • Strong loss ratio performance vs. industry average(p.499)
- • Superior operational efficiency with higher GWP per employee vs. industry average(p.499)
- • Proven track record of strong premium growth with 49.4% CAGR from FY2021 to FY2023(p.499)
- • Operating leverage with improving expense ratios despite business scaling(p.500)
- • Adequate capital position with solvency ratio above regulatory minimum(p.500)
- • Strong liquidity position with surplus assets across all duration buckets(p.531)
- • Investment-grade portfolio in Additional Tier I bonds(p.531)
- • Robust monitoring of liquidity and cash flow management(p.531)
- • Low financial leverage with manageable borrowings(p.531)
Weaknesses
- • History of losses affecting profitability assessment(p.41)
- • Negative operating profit in recent periods(p.41)
- • Does not meet operating profit eligibility criteria for IPO(p.22)
- • Dependence on high concentration of GWP from digital channel(p.22)
- • Promoter concentration risk(p.23)
- • High combined ratio indicating underwriting losses(p.31)
- • Outstanding litigation and regulatory proceedings(p.25)
- • Significant operating losses: ₹662.75 million in FY2023 and ₹101.22 million in 9M FY2024(p.78)
- • Combined ratio of 107.4% in FY2023, indicating underwriting losses (ratio above 100% means losses)(p.45)
- • Loss reserves exceed GWP at 103.6% as of December 31, 2023, indicating reserve adequacy concerns(p.43)
- • High concentration of loss reserves in motor third-party liability at 89.0% of total loss reserves(p.44)
- • Geographic concentration with 54.7% of FY2023 revenues from Maharashtra, Karnataka and Delhi(p.90)
- • Litigation and regulatory proceedings including ₹2,346.42 million in material civil litigation claims against the company(p.48)
- • Multiple IRDAI regulatory actions, show-cause notices, and penalties including ₹10 million penalty for non-disclosure of CCPS conversion ratio change(p.58)
- • Dependence on two reinsurers for 47.5% of insurance risk protection, creating counterparty concentration risk(p.76)
- • Heavy reliance on small number of key personnel including actuaries and investment professionals(p.91)
- • Dependence on limited customer relationship managers for corporate clients(p.91)
- • High concentration in group health insurance revenue(p.92)
- • Regulatory constraints on manager and director appointment approvals(p.91)
- • Significant accumulated losses and negative working capital position(p.125)
- • Facility services arrangement with promoter under regulatory scrutiny(p.95)
- • Expense of Management regulations creating compliance burden(p.93)
- • Negative return on net worth in recent years(p.200)
- • Combined ratio exceeding 100% indicating underwriting losses(p.202)
- • High expense ratio relative to premium income(p.202)
- • Recent net profit volatility with historical losses(p.199)
- • Higher net expense ratio compared to some major competitors(p.267)
- • Combined ratio above 100% indicating underwriting losses(p.261)
- • Solvency ratio declining from prior periods(p.261)
- • Limited operating history and experience in pricing products(p.266)
- • Concentration in motor insurance business(p.263)
- • Higher expense ratio compared to peers(p.285)
- • Lower solvency ratio than major competitors(p.290)
- • Negative operating profit and limited profitability(p.289)
- • Heavy reliance on motor insurance(p.275)
- • Dependence on reinsurance for risk management(p.282)
- • Complex governance constraints from Joint Venture Agreement limiting operational flexibility(p.319)
- • Heavy dependence on single controlling shareholder (Go Digit Infoworks Services Private Limited holding 83.30% pre-Offer)(p.356)
- • Locked-in institutional investor shareholding restricting exit liquidity(p.327)
- • Regulatory approval delay on key capital structure matter (CCPS conversion of FAL holdings)(p.358)
- • Related party dependency for critical IT and facility services(p.360)
- • Company has history of operating losses with ongoing combined ratios above 100%(p.504)
- • Heavy reliance on motor insurance which comprises majority of revenues(p.504)
- • Dependence on loss reserves estimates which may prove inadequate(p.505)
- • Significant exposure to underwriting risks from motor third-party insurance with no claim limits(p.506)
- • High dependence on distribution partners with non-exclusive relationships(p.504)
- • Liquidity risk in investment portfolio despite marketability assumptions(p.531)
- • Significant pending litigation and regulatory scrutiny(p.537)
- • Multiple IRDAI inspection matters with pending resolutions(p.538)
- • High volume of policyholder complaints and motor accident claims litigation(p.546)
- • Significant outstanding claims and aging claim backlog(p.547)
Opportunities
- • Growing Indian non-life insurance market(p.22)
- • Strong momentum in non-life insurance market(p.23)
- • Expansion of digital insurance distribution model(p.16)
- • Growth in customer acquisition and policy issuance(p.31)
- • Potential for margin improvement and cost optimization(p.31)
- • Significant gross direct premium growth of 31.7% in 9M FY2024, demonstrating market expansion potential(p.45)
- • Expansion of distribution network with 61,972 total key distribution partners as of December 31, 2023, up from 45,917 in December 2022(p.82)
- • Growing health insurance business contributing 14.9% of GWP in 9M FY2024, compared to 10.5% in FY2023(p.61)
- • Improving expense ratio with management to gross direct premium ratio declining from 42.0% in FY2023 to 40.0% in 9M FY2024(p.46)
- • Digital platform capabilities enabling 99.7% automated underwriting, providing competitive advantage in scalability(p.64)
- • Continued growth in corporate demand for group health insurance(p.92)
- • Expansion into underserved geographic markets(p.96)
- • Expected industry growth trajectory(p.114)
- • Simplified product approval process post-regulatory reform(p.96)
- • Potential for strategic acquisitions and market consolidation(p.96)
- • Enhancement of visibility and brand image through listing(p.193)
- • Growth in customer base - cumulative customer count increased significantly(p.202)
- • Gross written premium growth trajectory(p.202)
- • Improved profitability trend with recent net profit generation(p.199)
- • Strengthened solvency position post capital infusion(p.195)
- • Massive under-penetrated non-life insurance market with significant growth potential(p.268)
- • High expected growth in non-life insurance market(p.268)
- • Growing middle class with rising awareness and purchasing power(p.228)
- • Rapid digital adoption enabling online insurance distribution(p.273)
- • Fragmented private insurer market with no dominant player(p.269)
- • Rising health insurance penetration and awareness(p.245)
- • Favorable regulatory environment supporting digital distribution(p.237)
- • India's growing non-life insurance market and motor insurance segment(p.274)
- • Expansion into smaller states and new geographies(p.274)
- • Growth through increasing bank partnerships and distribution channels(p.274)
- • Expansion of product portfolio to drive adoption(p.274)
- • Capturing tech-savvy younger customer segment with lifetime value(p.274)
- • Board and committee expansion with investor representation and non-compete rights post-listing(p.320)
- • Non-compete covenant allowing geographic expansion of general and health insurance business overseas(p.321)
- • Pre-emptive and anti-dilution rights for institutional investors driving capital discipline(p.323)
- • Diverse institutional investor base with strategic financial partners (PE, insurance, fund managers)(p.322)
- • Significant growth potential in Indian insurance market expanding faster than GDP(p.503)
- • Potential to expand product portfolio and leverage technology for new offerings(p.504)
- • Opportunity to increase customer retention and lifetime value as portfolio matures(p.505)
- • Diversification from motor insurance into higher-margin segments(p.504)
- • Technology platform enabling cost-efficient distribution scaling(p.503)
- • Expansion of product portfolio across insurance segments(p.569)
- • Geographic expansion through existing branch network(p.569)
- • Growth in life insurance through subsidiary Go Digit Life Insurance Limited(p.573)
Threats
- • Regulatory capital requirements and solvency pressure(p.40)
- • Catastrophic events and natural disasters(p.40)
- • Uncertainty in loss reserve adequacy(p.40)
- • Regulatory and policy changes in insurance sector(p.41)
- • Competition from established and new market entrants(p.40)
- • Macroeconomic and market volatility affecting investment returns(p.40)
- • Regulatory changes to motor third-party insurance could materially reduce revenue given 61.1% contribution to GWP in 9M FY2024(p.61)
- • Motor Vehicle Accident Fund contribution requirement of 1% of annual motor third-party premium could materially affect financial condition(p.62)
- • Catastrophic events and natural disasters pose significant underwriting risk, particularly given geographic concentration in India(p.47)
- • Reinsurance availability constraints due to regulatory caps on percentage of business that can be ceded outside India(p.75)
- • Loss ratio trending adversely with 69.6% in 9M FY2024 compared to 70.2% in 9M FY2023, indicating potential underpricing(p.64)
- • Interest rate sensitivity given 98.6% of investments in fixed income products; RBI policy changes could reduce investment returns(p.73)
- • Regulatory restrictions on IRDAI Expenses of Management regulations with potential penalties for non-compliance(p.60)
- • Intense competition from established insurance companies could pressure margins and market share(p.82)
- • Promoter control concentration through GDISPL holding 83.30% of equity, creating governance and strategic alignment risks(p.89)
- • Government-funded health insurance schemes reducing private demand(p.92)
- • Regulatory policy changes affecting product underwriting and profitability(p.117)
- • Mandatory reinsurance cession to GIC Re creating concentration risk(p.97)
- • Intense competition from well-established and well-capitalized competitors(p.113)
- • Seasonal fluctuations affecting revenue consistency(p.114)
- • Volatility and uncertainty in Indian insurance market growth rates(p.114)
- • Adverse macroeconomic conditions affecting demand for insurance(p.115)
- • Regulatory restrictions on health insurance policy cancellation(p.92)
- • Insurance regulatory changes and regulatory risk from IRDAI(p.194)
- • Competitive intensity from established listed peers(p.200)
- • Volatility in investment returns and market conditions(p.202)
- • Claims frequency and severity risks affecting combined ratio(p.202)
- • Motor insurance market experiencing slower growth than health(p.240)
- • Regulatory constraints on rate increases and pricing(p.266)
- • High competition from incumbent and emerging insurers(p.248)
- • Motor insurance market under-penetration and vehicle saturation risks(p.242)
- • Economic sensitivity and inflation impacts on insurance demand(p.266)
- • Shift in distribution channel dynamics and broker consolidation(p.239)
- • Intense competitive pressure from both private and public insurers(p.286)
- • Regulatory risk and changes in capital and solvency requirements(p.294)
- • Higher loss ratios indicating underwriting challenges(p.289)
- • Foreign investment limit restrictions affecting capital raising(p.294)
- • Data protection and cybersecurity regulatory requirements(p.296)
- • Pending regulatory registration of related entity (VRL reinsurance) in an uncertain timeline(p.319)
- • Activist shareholder veto over core business decisions via affirmative vote requirements(p.319)
- • Risk of foreign shareholder exit triggering tag-along rights and change of control scenarios(p.323)
- • Restricted exit windows for institutional investors creating liquidity cliff risk(p.324)
- • Macroeconomic deterioration could reduce demand for insurance products(p.502)
- • Regulatory changes in motor third-party premium rates could impact revenues(p.506)
- • Catastrophic events could materially increase liabilities and reduce profitability(p.505)
- • Increasing competition from traditional insurers with more diverse offerings(p.505)
- • Reinsurance market cyclicality and potential scarcity could increase costs(p.506)
- • Reinsurer credit risk could expose company to significant losses(p.506)
- • Insurance industry growth volatility and uncertainty(p.503)
- • Regulatory scrutiny and compliance requirements from IRDAI(p.539)
- • Systemic risk from motor accident claims and fraud(p.544)
- • Tax disputes and regulatory demands(p.566)
- • Dependence on maintaining minimum Promoter shareholding(p.575)
- • Exposure to interest rate risk impacting investment returns(p.531)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Kamesh Goyal | Promoter | NIL | — |
| Go Digit Infoworks Services Private Limited | Promoter Selling Shareholder | 729,565,220 shares (83.30%) | — |
| Oben Ventures LLP | Promoter | NIL | — |
| FAL Corporation | Promoter | NIL | — |
| Go Digit Infoworks Services Private Limited (GDISPL) | Promoter | 83.30% | — |
| Kamesh Goyal | Promoter | — | — |
| Oben Ventures LLP (Oben) | Promoter | — | — |
| Fairfax Financial Holdings Limited (FAL) | Promoter | — | — |
| Go Digit Infoworks Services Private Limited | Promoter Selling Shareholder | — | — |
| Oben | Promoter | — | — |
| FAL | Promoter | — | — |
| Go Digit Infoworks Services Private Limited | Promoter | 80.57% | — |
| Oben Ventures LLP | Promoter | — | — |
| FAL | Promoter | — | — |
| Not specified in this document section | Promoter | — | — |
| Go Digit Infoworks Services Private Limited | Promoter/Holding Company | — | — |
| Kamesh Goyal | Promoter | — | — |
| FAL | Promoter | — | — |
| Go Digit Infoworks Services Private Limited | Promoter | 83.30% | — |
| Kamesh Goyal | Promoter | — | — |
| Oben Ventures LLP | Promoter | — | — |
| FAL | Promoter | — | — |
| Go Digit Infoworks Services Private Limited | Promoter | 83.4% | — |
| — | Promoter Group | — | — |
| Go Digit Infoworks Services Private Limited | Promoter | — | — |
| Go Digit Infoworks Services Private Limited | Promoter Selling Shareholder | — | — |
Leadership
Jasleen Kohli · CEO & MD
Ravi Khetan · CFO
Tejas Saraf · Company Secretary and Compliance Officer
Nikhil Kamdar · Appointed Actuary
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Go Digit General Insurance IPO FAQs
What is the lot size of Go Digit General Insurance IPO?
The minimum lot size of Go Digit General Insurance IPO is 55 shares. One lot costs ₹14,960 at the cut-off price.
When does Go Digit General Insurance IPO open and close?
Go Digit General Insurance IPO opened for subscription on 15 May 2024 and closed on 17 May 2024.
What is the listing date of Go Digit General Insurance IPO?
Go Digit General Insurance IPO listed on 23 May 2024.