🗓️ IPO Snapshot
- Company: Go Digit General Insurance Ltd.
- IPO Size: â‚ą1,250 crore + Offer for Sale (OFS)
- IPO Dates: May 15–17, 2025
- Listing On: NSE, BSE
- Price Band: ₹258–272
- Lot Size: 55 shares
🤔 What Is Go Digit?
Digit is a digital-first general insurer offering motor, travel, health, and home insurance. Think of it as the Swiggy of insurance — easy to use, mobile-first, and trying hard to be cool.
Founded in 2017, it’s backed by Fairfax (Prem Watsa), and endorsed by Virat Kohli. Because nothing says “low premiums” like cover drives.
đź’¸ Financials
- FY23 Gross Premium: â‚ą5,900 crore
- Loss after Tax: â‚ą9.7 crore
- 3-year CAGR: 50%+ in premium collection
âś… Pros
- Digital-first = low cost, high scale
- Strong brand recall (Virat FTW)
- Insurance industry in India = massive untapped market
❌ Cons
- Not profitable yet (though close)
- Claims ratio still high
- Competition: LIC, HDFC Ergo, ICICI Lombard, Policybazaar, etc.
🧠Verdict
“Cool UI, strong backers, Virat’s smile — now just waiting for profits.”
A high-growth, high-risk play. If you’re okay with some insurance drama, this could be your pick.
