Go Digit General InsuranceLimited

Initial Public Offering


May 2024


Banking, Financial Service and Insurance


INR 26,150 MN MN

Deal Value

Go Digit General InsuranceLimited

Deal Details

  • IPO of one of the leading digital full stack insurance companies
  • 1st IPO of an Insurtech Company in India – addition to our strong track record of bringing several 1st business stories to the Indian capital markets
  • Healthy subscription with more than 5 Lac applications
    • QIB – 12.53x, HNI – 7.23x, Retail – 4.08x
  • Despite market volatility in recent times, Company listed at a premium and closed at 12.5% premium to IPO Price#
  • Nuvama provided end-to-end client handholding and guidance on various deal contours and timing
  • With this transaction, Nuvama has closed 11 transactions cumulatively raising approximately INR 3,00,000 crs+ in the BFSI space in the last 12 months


Go Digit is one of the leading digital full stack insurance companies, leveraging technology to power what they believe to be an innovative approach to product design, distribution and customer experience for non-life insurance products