On May 21, Go Digit General Insurance is anticipated to make an announcement regarding the allotment status of the shares it offered in an IPO. Due to voting in Maharashtra on Monday, the markets were closed. As a result, bidders may get messages, notifications, or emails indicating the debiting of monies or the revocation of their IPO mandate tomorrow.
With a lot size of 55 shares, the Pune-based company sold its first round of shares at a price between Rs 258 and Rs 272. Bidding on the matter was permitted from May 15 to May 17. Through its initial public offering (IPO), which comprised an additional share sale of Rs 1,125 crore and an offer-for-sale (OFS) of up to 5,47,66,392 equity shares, it raised a total of Rs 2,614.65 crore.
9.60 times as many people subscribed to the IPO total. While the quota for non-institutional investors was subscribed 7.24 times, the quota for qualified institutional bids (QIBs) was booked 12.56 times. There were 4.27 subscriptions for the share designated for retail investors.
Go Digit shares were last observed trading on the gray market at an 8.27% premium over its issue price of Rs. 272 (upper price band).
Also Read | Go Digit IPO Related News
On May 23, the company’s shares are probably going to go public.
Finding the status of your allotment:
On the BSE website, investors can view the allotment status. This is the detailed instructions:
* Go to https://www.bseindia.com/investors/appli_check.aspx
* Select ‘Equity’ from the issue type menu.
* In the drop-down menu, choose Go Digit General Insurance Limited under the issue name.
* Enter the application number.
* Include PAN information
* Select “I am not a Robot” and press “Submit.”
Additionally, participants can use Link Intime India’s online portal to verify the progress of their allotment (https://linkintime.co.in/MIPO/Ipoallotment.html).
* Visit the Link Intime Ltd. website
* Click the IPO drop-down menu.
* One of the following three ways may be necessary for you to choose: PAN, Demat account number, or application number.
* Please choose between ASBA and non-ASBA application types.
* Type in the mode’s information (already chosen).
* Complete the captcha
* Click “Submit”
Go Digit provides insurance coverage for vehicles, health, travel, property, marine, and liability, among other goods. It is supported by Prem Watsa’s Fairfax Group.
As the registrar for the Go Digit IPO, Link Intime India is in charge of lead book-running management, which includes ICICI Securities, Morgan Stanley India Company, Nuvama Wealth Management, Axis Capital, HDFC Bank, and IIFL Securities.
(Disclaimer: Businessuncover does not offer investment advice; rather, it merely offers stock market news for informative purposes. It is recommended that readers get advice from a licensed financial advisor prior to making any investing decisions.)
