{"id":51365,"date":"2024-05-15T18:45:50","date_gmt":"2024-05-15T18:45:50","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/15\/go-digit-insurance-ipo-open-for-subscription-should-you-invest-in-the-virat-kohli-backed-firm-india-business-news-times-of-india\/"},"modified":"2024-05-15T18:45:50","modified_gmt":"2024-05-15T18:45:50","slug":"go-digit-insurance-ipo-open-for-subscription-should-you-invest-in-the-virat-kohli-backed-firm-india-business-news-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/15\/go-digit-insurance-ipo-open-for-subscription-should-you-invest-in-the-virat-kohli-backed-firm-india-business-news-times-of-india\/","title":{"rendered":"Go Digit Insurance IPO open for subscription: Should you invest in the Virat Kohli-backed firm? | India Business News &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-110144891,imgsize-28794.cms?fit=1200,900&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Go Digit Insurance IPO open for subscription: Should you invest in the Virat Kohli-backed firm? | India Business News &#8211; Times of India\" title=\"Go Digit Insurance IPO open for subscription: Should you invest in the Virat Kohli-backed firm? | India Business News &#8211; Times of India\" \/><\/div>\n<div>Go Digit Insurance IPO<!-- -->: The initial public offering (IPO) of Go Digit Insurance, supported by <!-- -->Virat Kohli<!-- -->, opens for <!-- -->subscription<!-- --> today and runs until May 17. The <!-- -->IPO<!-- --> includes a fresh equity issue of Rs 1,125 crore and an offer for sale (OFS) of up to 5.47 crore <!-- -->shares<!-- -->.<br \/>As per an ET report, during the OFS, Go Digit Infoworks and other existing shareholders will sell stakes, while Virat Kohli and <!-- -->Anushka Sharma<!-- --> will retain their investments.Kohli acquired 2.66 lakh shares for Rs 2 crore in 2020, while Sharma invested Rs 50 lakh through a private placement.<br \/>The insurance firm intends to use the net proceeds to strengthen its capital base and maintain solvency levels.<\/p>\n<p><h3>Go Digit Insurance IPO review <br \/><\/h3>\n<\/p>\n<p>Analysts suggest <!-- -->investors<!-- --> subscribe to the issue because Go Digit&#8217;s advanced technology and predictive underwriting model set it up for ongoing innovation and growth.<br \/><span class=\"strong \">ALSO READ | <\/span><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/relief-for-investors-insurance-behemoth-lic-gives-3-year-time-to-achieve-10-public-shareholding\/articleshow\/110141308.cms\" styleobj=\"[object Object]\" class=\"strong \" frmappuse=\"1\">Relief for investors! Insurance behemoth LIC given 3-year time to achieve 10% public shareholding<\/a><br \/>Despite the high valuation compared to recent earnings and losses, Go Digit&#8217;s strong technology and position in a growing market indicate potential for future profits. Taking these into account, Swastika Investmart recommends subscribing to this IPO.<\/p>\n<p><h3>Go Digit Insurance IPO price band <br \/><\/h3>\n<\/p>\n<p>The company set the price range for its first public offering at Rs 258-278 per share, aiming to raise Rs 2,615 crore at the upper limit. Investors can bid for a minimum of 55 shares in one lot and multiples thereafter. 75% of the offer is for QIB investors, 15% for non-institutional investors, and the rest, 10%, for retail investors.<\/p>\n<p><h3>About Go Digit Insurance <br \/><\/h3>\n<\/p>\n<p>Go Digit<!-- --> is a top digital insurer in India, excelling in non-life insurance with a focus on providing personalized customer experiences and supporting their distribution partners.<br \/>In the nine months leading to December 2023, Go Digit&#8217;s net premium income increased to Rs 5,115 crore from Rs 3,767 crore in the previous year. Its after-tax profit rose to Rs 129 crore from Rs 10 crore in the same period of FY23.<br \/>The book-running lead managers for the IPO include ICICI Securities, Morgan Stanley India, Axis Capital, Edelweiss Financial Services, HDFC Bank, and IIFL Securities.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/vsp1jarvispvt.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/go-digit-insurance-ipo-open-for-subscription-should-you-invest-in-the-virat-kohli-backed-firm\/articleshow\/110144975.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go Digit Insurance IPO: The initial public offering (IPO) of Go Digit Insurance, supported by Virat Kohli, opens for subscription today and runs until May 17. The IPO includes a fresh equity issue of Rs 1,125 crore and an offer for sale (OFS) of up to 5.47 crore shares.As per an ET report, during the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":51366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-110144891,imgsize-28794.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[15623,449,289,25050,5679,51302,51301,273,11068,4363,6089,2799,51303,271,39,1253,9000,51300,272,3271,3268],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/51365"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=51365"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/51365\/revisions"}],"predecessor-version":[{"id":51367,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/51365\/revisions\/51367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/51366"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=51365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=51365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=51365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}