Go Digit General Insurance Limited IPO Subscriptions Status Live Today
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Go Digit General Insurance Limited IPO Details
Issue Open | 15 May 2024 |
Issue Close | 17 May 2024 |
IPO Price | ₹258 - ₹272 per equity share |
Face Value | ₹10 per equity share |
IPO Size | ₹2,614.65 Cr. |
Listing At | NSE, BSE |
IPO Lot Size | 55 shares |
IPO Investor Categories
• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially sophisticated investors, such as mutual funds, insurance companies, pension funds, and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs are required to meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO, and they are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.
• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the
other hand, are typically individual investors, High Net Worth Individuals
(HNIs), or corporate bodies who do not meet the financial criteria to be
classified as QIBs. They are allowed to participate in an IPO at the same price
as retail investors.
NII category has two subcategories:
1. sNII - "sNII" stands for "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.
2. bNII - "bNII" stands for "Big Non-Institutional
Investor." This subcategory includes investors who have bid for shares
worth more than Rs. 10 lakhs in an IPO.
• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are
individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO,
aimed at encouraging retail participation in the IPO process.
• Employee (EMP)- The Employee (EMP) category in an IPO is reserved
for the employees, directors, and business associates of the issuer company,
and the allocation of shares to this category is determined by the issuer
company and the lead manager of the IPO.
• Others- A category of eligible shareholders or other investors who have a reserved quota in the IPO.
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