Go Digit sees moderate listing, but analysts project optimism. What investors should do

Go Digit sees moderate listing, but analysts project optimism. What investors should do

Go Digit, the fast-growing general insurance company, listed at Rs 286 per share, translating to a 5% gain over the issue price of Rs 272. The listing fell short of expectations as the grey market trends suggested a potential gain of around 10%. Analysts said Go Digit’s position as the fastest-growing private non-life insurer by … Read more

Go Digit Insurance IPO subscribed 50% so far on Day 2. Check GMP & other details

Go Digit Insurance IPO subscribed 50% so far on Day 2. Check GMP & other details

The initial public offer (IPO) of Go Digit Insurance was subscribed 50% so far around 12:20 pm on second day of the bidding process on Thursday. The retail portion was fully subscribed at 2.03 times around this time while the non-institutional investors’ portion was booked 0.48 times. As for the qualified institutional buyers (QIBs), the … Read more