The Go Digit IPO garnered a robust reception, with the company s shares commanding a premium of Rs 25 in the unlisted market. Demand for the issue surged nearly 10 times by the close, fueled by strong interest from both retail and institutional investors.
Following its listing on Thursday with a modest premium of 3.35% at Rs 281 over its issue price of Rs 272, shares of Go Digit General Insurance continued to rally, surging another 9% to reach the day s high of Rs 305.85.
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.