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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Augmenting the solvency capital base
Proceeds from the fresh issue will be invested in accordance with IRDAI's investment regulations to maintain and strengthen the company's regulatory solvency ratio.
(₹ in Crore)
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Go Digit General Insurance Limited is a general insurance company incorporated in December 2016, offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other customizable insurance products. As of December 2023 it had 74 active insurance products across these lines, positioning itself as a digitally led, full-stack insurer. The company distributes its products through a network of roughly 61,972 key distribution partners, including about 58,532 point-of-sale persons alongside individual agents, corporate agents and insurance brokers, with a presence across 24 of India's 36 states and union territories. Its promoter group includes co-founder Kamesh Goyal along with Go Digit Infoworks Services Private Limited, Oben Ventures LLP and FAL Corporation. Gross written premium grew rapidly in the years leading up to the IPO, well ahead of the broader non-life insurance industry, and assets under management expanded at a similarly fast pace. After a period of scaling losses typical of a fast-growing insurer in its early years, the company moved into profitability in the run-up to its public listing, with premium volumes and profitability both improving in the most recent reported periods before the offer.
The anchor book raised about Rs 1,176 crore from 56 anchor investors ahead of the issue opening, with participation including Fidelity, Goldman Sachs Funds, the Abu Dhabi Investment Authority, Custody Bank of Japan and Bay Pond Partners, at the IPO's upper price band of Rs 272 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Fast premium growth
Gross written premium grew about 37.5% between FY22 and FY23, well ahead of the roughly 20% industry average, reflecting the company's rapid scale-up versus established insurers.
Wide distribution network
The company reaches customers through nearly 62,000 distribution partners across 24 states and union territories as of December 2023.
Strong asset growth
Assets under management grew at a compound annual rate of about 51% over the two years to December 2023, reaching roughly Rs 14,900 crore.
Short profitability track record
The company only turned profitable in FY23 and the nine months to December 2023, after reporting losses in FY21 and FY22, so its record of sustained profitability is short.
Weak historical returns
Averaged over the three years before the IPO, EPS and return on net worth were both negative, reflecting the earlier loss-making period.
Concentration in motor insurance
Motor insurance made up roughly 61% of gross written premium, leaving the business exposed to any regulatory or consumer-preference shifts affecting that single product line.
Go Digit General Insurance Limited
1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, Shivaji Nagar, Pune - 411005, Maharashtra
View on Maps →MUFG Intime India Private Limited
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Rich valuation versus peers
At close to 9.7 times price to book, the issue was priced above established listed peers such as ICICI Lombard and New India Assurance.
Pending legal proceedings
The company faces ongoing legal cases with potential liabilities of around Rs 293 crore that could affect its financial position if decided unfavourably.