Go Digit IPO listing date today. Here's what GMP, experts say on share debut
Also Read: Go Digit IPO fully booked on the last day of bidding: Check subscription updates, GMP, other detailsGo Digit General Insurance Limited, a well-known digital insurance company, is gearing up for its stock market debut shortly, according to Shivani Nyati, Head of Wealth, Swastika Investmart Ltd. Although there was immediate excitement around the IPO, the grey market premium (GMP) hasdropped to ₹30, which is around 11% over the issue price.
The recent market volatility and the very moderate subscription of nine times may be to blame for this reduction.Though its GMP is subdued, Go Digit has strong fundamentals that might propel company to a respectable listing. Go Digit streamlines the insurance process for clients and gives its distribution partners more influence, making it the fastest-growing private non-life insurer in India based on Gross Written Premium (GWP).
According to Nyati, the firm is well-positioned for future development and continuous innovation thanks to its predictive underwriting approach and cutting-edge technological platform.Also Read: Go Digit IPO: Focus shifts to allotment date. Latest GMP, 6 steps to check statusGo Digit's significant technology edge and position in the quickly expanding Indian insurance sector offer long-term profitability prospects, despite the IPO valuation being high in relation to recent results.Overall, Shivani thinks that Go Digit's IPO has a decent chance of listing, but with less fervor than initially anticipated.Also Read: Go Digit IPO fully booked on the last day of bidding: Check subscription updates, GMP, other detailsGo Digit IPO GMP today is +8.
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