Go Digit General Insurance is an insurance company established in 2017 and offers several non-life insurance products. The company is technology-driven and believes in reducing the cost of insurance compared to what its rivals offer. Go Digit General Insurance has a presence in different industries with its products covering motor, travel, personal accessories etc. The company offers car, bike, travel, mobile, and home insurance, with breakdown support and 24/7 assistance. The fast-growing company was quite a popular name due to its IPO announcement, attracting great investors.
Product & service offerings:
Go Digit General Insurance is one of the fastest-growing private insurance companies in terms of Gross Written Premiums (GWP). The company’s total GWP kept climbing over the fiscal years of 2020, 2021, and 2022.
| Financial Year | GWP (in Rs. billion) | Revenue (in Rs. billion) |
| 2020 | 22.52 | 14.19 |
| 2021 | 32.43 | 22.51 |
| 2022 | 52.68 | 38.40 |
The company’s revenue has more than doubled over two years, and its strong position in terms of capital makes it a reliable name among investors. If you are a retail investor seeking long-term investments with substantial profits, you can consider investing in Go Digit General Insurance Ltd.
Amidst the buzz of IPO; the company solidified the rumours by filing a draft red herring prospectus (DRHP) with SEBI in August 2022. The fundraising details through the initial public offering involved issuing Rs. 12.50 billion of equity shares and 109,445,561 equity shares held by promoters or privately owned and offered for sale. However, SEBI returned the company’s draft papers in January 2023 under section 5(2) of the issue of capital and disclosure requirement regulation. Go Digit is preparing to revisit the IPO, but the issue size is unclear.
| Particulars (in lakhs) | 2017 | 2018 | 2019 | 2020 |
| Gross Earned Premium | Nil | 10405 | 120498 | 225235 |
| Net Earned Premium | Nil | 746 | 49998 | 124135 |
| PAT | -6.23 | -7013 | -27064 | -17525 |
| Net-Worth | 278 | 27365 | 47800 | 112234 |
| No. of Shares | 90 | 3500 | 6745.562 | 8168.431 |
It has already been many months since Go Digit General Insurance filed its request for IPO with SEBI. Therefore, investors eagerly await the equity shares and their prices. Moreover, as the stocks become listed on stock indices like BSE and NSE, the different trading platforms will start offering the shares. The IPO, however, was rejected by SEBI, and the company is preparing to apply again. Therefore, we can expect the Fairfax Group-backed Go Digit General Insurance to disclose the issuance size and total shares available for sale.
Recently, in June 2023, the Insurance Regulatory and Development Authority of India (IRDAI) granted a life insurance business licence to Go Digit. It increased the number of insurers in the segment to 26. This latest addition comes after SEBI returned the IPO filed by Go Digit. So, the company has proposed a fresh IPO by issuing equity shares ₹1,250 crore and 10.94 crore equity shares via Offer For Sale (OFS) under the promoters, Go Digit Infoworks Services and other existing shareholders. Go Digit General Insurance Limited has top investors such as the cricketer Virat Kohli and his wife, actress Anushka Sharma.
Go Digit has been the fastest-growing full-stack insurance company with comprehensive products and services. For the FY 2022, 2021, and 2020, it gains Gross written premiums of ₹52.68 billion, ₹32.43 billion, and ₹22.52 billion. So, investors will benefit by investing with the grown potential of its strong capital.
There are certain risks and uncertainties for the insurance sector due to regulatory intervention, and the overall performance of Go Digit showcases transformation through digital solutions.
Buying and selling equity shares of Go Digit General Insurance Ltd. is a smooth process with Stockify. After the company goes public with its shares and the stocks are available for exchange, you can buy Go Digit General Insurance Ltd shares in a few clicks. Keeping track of changes in share prices is essential to us since the stock market is ever-changing. We will update the share price of Go Digit General Insurance regularly on the Stockify website. Stockify is the best place to check the price of unlisted Go Digit General Insurance shares.
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* Ratio is calculated based on latest financial & current share price.
(All Amount in INR Millions)
(All Amount in INR Millions)
(All Amount in INR Millions)
