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GODIGIT IPO

Go Digit General Insurance Limited

IPO Doc

Start Date15-05-2024

Application Timing10am-5pm

Price Range₹258 - ₹272

Min Qty55

Min. Investment₹14190

Listing DateNA

Close Date17-05-2024

About Go Digit General Insurance Limited

Why To Invest in Go Digit General Insurance Limited

Leading non life full stack digital insurance company leveraging technology. The Company proposes to utilise the Net Proceeds towards:

To undertake its existing business activities; and
Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges, which, the company believes, will enhance the visibility and its brand image among its existing and potential customers.

Financial Table

Year	FY 2021	FY 2022	FY 2023	31 Dec 2023
Revenue (Rs. Cr)	-118.55	-293.64	39.19	130.83
Profit After Tax (Rs. Cr)	-122.76	-295.85	35.54	129.02

Strengths And Risks

Customer Experience : Go digit's focus on the high quality customer experience by providing simple documentation and efficient paperless process with customised insurance options has resulted in high customer satisfaction, evidenced by their net promoter scores of 75.4% for non-claims and 96.8% for motor claims.

Distribution Partners: Go digit works with various distribution channels and extends its technology and expertise to distribution partners to develop customized solutions that provides them with the tools, products, information and support to effectively target and service customers.

Predictive Underwriting Models: Company has combined its expertise in the motor insurance market with its data bank to build extensive underwriting models that they use to accurately assess risk and predict losses for its motor insurance products at a granular level. This allows them to better manage costs, and tailor our products to serve more customers.

Advanced Technology Platform : Company has built technology-enabled solutions and employs a hybrid model of AI-enabled analytics and human assessment to streamline the value chain, aid customers, partners and employees and drive efficiency.

Product Concentration: Go digit relies on motor vehicle insurance products for a substantial amount of their revenues and profitability. Any constraint on sale of these products due to future changes in regulation or customer preference, or any inability to maintain a profitable portfolio mix of products, could have a material adverse effect on business.

COVID Impact: The size and breadth of the COVID pandemic, all the direct and indirect consequences of COVID-19 are not yet known and may not emerge for some time. Overall, the pandemic resulted in a reduction in the overall growth rate in the Indian non-life insurance industry.

Regulatory Actions: They are exposed to risks, including regulatory actions, arising due to improper business practices during the sales process, such as inadequate due diligence, including customer verification, and non-adherence to anti-money laundering guidelines.

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Connect With Us

Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

Connect With Us

Attention Investors:
1.No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. 2.KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

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Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
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The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.

Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
Brokerage will not exceed SEBI prescribed limit.
Please refer to the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Don'ts issued by Stock Exchanges and Depositories before trading on the Stock Exchanges.
For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
Before investing in the asset class consider your investment objectives, level of experience and risk appetite carefully.
Mutual fund investments are subject to market risks, read all scheme related documents carefully. Mutual Funds are not an approved product of the Exchanges and any dispute related to this will not be dealt at Exchange platform. ACSPL is a Mutual fund distributor/s registered for Mutual Funds.

Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062
2	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	57500000351820	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

Client registration documents in Vernacular languages: Get Documents