All about Go digit IPO Allotment 

The retail individual investors (RIIs) portion was subscribed 4.27 times, while the quota for non-institutional investors received 7.24 times subscriptions. The Qualified institutional buyers (QIBs) part fetched 12.56 times subscriptions. Analysts at investorgain.com claim that the current GMP (22.50) is indicating a downward trend based on activity in the grey market during the previous 12 sessions. Rs. 11 is the lowest GMP and Rs. 70 is the highest.

Go Digit IPO GMP today is +22.50. This indicates Go Digit share price were trading at a premium of 22.50 in the grey market, according to investorgain.com. It is projected that Go Digit’s shares would list at a price of 294.5 per share, 8.27% higher than the IPO price of 272, once the upper end of the IPO pricing range and the current premium on the grey market are taken into account.

A “grey market premium” denotes the willingness of investors to part with more money than the issue price. The Go Digit General Insurance IPO consists of an offer-for-sale (OFS) of 54,766,392 equity shares by the promoters and other selling shareholders, together with a fresh issue of Rs 1,125 crore

You can check the Go Digit IPO allotment status on the registrar’s website of the issue;

Visit Link Intime India Private Ltd here: https://linkintime.co.in/initial_offer/public-issues.html

Select the IPO from the dropdown menu and then click on PAN, Demat Account, or Application No. to check the status.

Select ASBA or non-ASBA in the application type field and add details.

Once completed, enter the Captcha and click on ‘Submit’ to see the allotment status.The initial share sale received bids for 50,76,21,455 shares against 5,28,69,677 shares on offer, as per BSE data.

The company is one of the top digital full stack non-life insurance providers, according to the Red Herring Prospectus (RHP). They use technology to drive what they see as an inventive approach to non-life insurance product design, distribution, and customer experience.