The allotment of shares for the Go Digit General Insurance IPO is opening tomorrow (May 21, 2024) as the BSE and NSE stock exchanges were closed today (May 20) due to voting for Lok Sabha elections in Mumbai.
Refunds for those who did not receive shares will begin on Wednesday, May 22, with shares being deposited into the Demat accounts of the allottees the same day. Also, the Go Digit IPO will be listed on Thursday, May 23.
The Go Digit IPO has received an overwhelming response from investors. According to media reports, it was subscribed 9.60 times by the end of the bidding process. Those who placed bids for the IPO are waiting to find out their allotment status.
Here are details of the latest Grey Market Premium (GMP) and the estimated listing price.
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According to multiple analysts, the current Grey Market Premium (GMP) of Rs. 22.50 is showing a downward trend based on activity over the last 12 sessions. The GMP has ranged from a low of Rs. 11 to a high of Rs. 70 during this period.
Today, Go Digit’s IPO GMP is +Rs. 22.50, indicating that the shares are trading at a premium of Rs. 22.50 in the grey market.
Based on the upper end of the IPO pricing range and the current Grey market premium, Go Digit’s shares are expected to list at Rs. 294.5 per share, which is 8.27% higher than the IPO price of Rs. 272.
How to Check Go Digit IPO Allotment Status
Here is a simple process to check Go Digit IPO allotment status on the Registrar Link Intime website:
Step 1: Go to the Link Intime Website of the IPO registrar.
Step 2: From the dropdown menu, choose the Go Digit IPO. The name will appear once the allocation is completed.
Also Read: How to find a good IPO: 10 points
Step 3: To check the status Click on PAN, Demat Account, or Application Number.
Step 4: Choose either ASBA or non-ASBA in the application type field.
Step 5: Provide the necessary details based on the method selected in Step 3.
Step 6: Fill in the captcha and click submit.
After completing these steps, you will be able to view the allotment status of the Go Digit IPO. The system will display whether you have been allocated shares or not.
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Disclaimer: The above content is for informational purposes only. The 1% News recommends consulting a SEBI-registered investment advisor before making any investment decision.
