Analysts said Go Digit s position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the insurance market. The company s advanced technology platform and focus on innovation bode well for its future.
Ahead of the issue opening, the firm raised about Rs 1,176 crore in the anchor round, where Fidelity Investments, Goldman Sachs, ADIA, and Custody Bank of Japan were among the investors.
Go Digit IPO got a healthy response. The company s shares are trading at a premium of Rs 25 in the unlisted market. The issue was booked nearly 10 times at close on strong interest from retail and institutional buyers.
Go Digit shares were trading with a GMP of Rs 50 in the unlisted market when the IPO opened for subscription. However, it has seen a consistent slide in the past few days and is currently trading with a premium of just Rs 25.
After a strong response for the IPO, Virat Kohli-backed Go Digit Insurance is likely to finalise the share allotment on Tuesday. The issue was booked nearly 10 times at close on strong interest from retail and institutional buyers.