Go Digit IPO retail portion fully booked within hours of opening, issue subscribed 23% so far; check GMP

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₹1,176 crore from anchor investors. According to a circular posted late Tuesday, the business has allocated4.32 crore equity shares to 56 funds at ₹272 each, at the upper end of the the price band. The firm's investors include cricketer Virat Kohli, his wife, and actress Anushka Sharma.

They are not selling any shares in the IPO. Also Read: Go Digit IPO opens today: GMP, subscription status, review, other details. Apply or not? Approximately 75% of the issue size has been allocated for qualified institutional investors, 15% for non-institutional investors, and the remaining 10% for retail investors.

Investors may bid for a minimum of 55 equity shares and multiples of 55 equity shares thereafter. Go Digit provides car insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products to satisfy the demands of its clients. It is one of India's first non-life insurers to operate entirely on the cloud, and it has created application programming interface (API) linkages with a number of channel partners.

Also Read: Go Digit IPO to open tomorrow: GMP, issue details, 10 key things to know before subscribing to the ₹2,615-crore issue The issue's price band is fixed at ₹258 to ₹272 per equity share having a face value of ₹10. The lot size for the IPO is 55 equity shares, with subsequent multiples of 55 equity shares. Go Digit General Insurance IPO, which has opened today (Wednesday, May 15) for subscription and will close on Friday, May 17.