Go Digit IPO vs Indegene IPO

Comparision between Go Digit IPO and Indegene IPO.

IPO Details

Go Digit IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Indegene IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Go Digit IPO	Indegene IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Morgan Stanley India Company Pvt Ltd Axis Capital Limited Hdfc Bank Limited Iifl Securities Ltd Nuvama Wealth Management Limited	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Go Digit IPO is up to ₹2,614.65 Cr whereas the issue size of the Indegene IPO is up to ₹1,841.76 Cr. The final issue price of Go Digit IPO is ₹272.00 per share and of Indegene IPO is ₹452.00 per share.

	Go Digit IPO	Indegene IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹258.00 per share	₹430.00 per share
Issue Price (Upper)	₹272.00 per share	₹452.00 per share
Issue Price (Final)	₹272.00 per share	₹452.00 per share
Discount (Retail)
Discount (Employee)		₹30.00 per share
Market Lot Size	55 shares	33 shares
Fresh Issue Size	4,13,60,294 shares	1,68,14,159 shares
Fresh Issue Size (Amount)	up to ₹1,125.00 Cr	up to ₹760.00 Cr
OFS Issue Size	5,47,66,392 shares	2,39,32,732 shares
OFS Issue Size (Amount)	up to ₹1,489.65 Cr	up to ₹1,081.76 Cr
Issue Size Total	9,61,26,686 shares	4,07,46,891 shares
Issue Size Total (Amount)	up to ₹2,614.65 Cr	up to ₹1,841.76 Cr

IPO Timetable

Go Digit IPO opens on May 15, 2024, while Indegene IPO opens on May 06, 2024. The closing date of Go Digit IPO and Indegene IPO is May 17, 2024, and May 08, 2024, respectively.

	Go Digit IPO	Indegene IPO
Anchor Bid Date	May 14, 2024	May 03, 2024
Issue Open	May 15, 2024	May 06, 2024
Issue Close	May 17, 2024	May 08, 2024
Basis Of Allotment (Tentative)	May 21, 2024	May 09, 2024
Initiation of Refunds (Tentative)	May 22, 2024	May 10, 2024
Credit of Share (Tentative)	May 22, 2024	May 10, 2024
Listing date (Tentative)	May 23, 2024	May 13, 2024
Anchor Lockin End date 1	Jun 20, 2024	Jun 08, 2024
Anchor Lockin End date 2	Aug 19, 2024	Aug 07, 2024

Financials

Go Digit IPO P/E ratio is 670.31, as compared to Indegene IPO P/E ratio of 37.78.

Go Digit IPO

Indegene IPO

Financial

Go Digit General Insurance Limited Financial Information (Restated)

Go Digit General Insurance Limited's revenue increased by 113.35% and profit after tax (PAT) rose by 112.01% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,619.95	3,346.75	2,919.01	1,874.80
Revenue	130.83	39.19	-293.64	-118.55
Profit After Tax	129.02	35.54	-295.85	-122.76
Net Worth	2,459.34	2,325.47	1,866.87	1,134.57
Reserves and Surplus	2,391.97	2,383.61	1,975.07	973.14
Total Borrowing	200.00
Amount in ₹ Crore

Indegene Limited Financial Information (Restated Consolidated)

Indegene Limited's revenue increased by 39.85% and profit after tax (PAT) rose by 63.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,518.15	2,203.87	1,353.47	596.04
Revenue	1,969.75	2,364.10	1,690.50	996.92
Profit After Tax	241.90	266.10	162.82	149.41
Net Worth	1,327.00	1,063.72	763.90	324.51
Reserves and Surplus	1,282.65	1,019.43	763.55	324.19
Total Borrowing	399.33	394.34	18.24	24.76
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

83.31%

30.71%

Promoter Shareholding (Post-Issue)

P/E Ratio

670.31

37.78

Market Cap

₹24947.90 Cr.

₹10814.07 Cr.

ROE

ROCE

Debt/Equity

0.3

EPS

₹0.41

₹11.96

RoNW

5.25%%

18.23%%

Shares Offered

In the Go Digit IPO retail investors (RII) are offered 96,12,668 shares while in Indegene IPO retail investors are offered 96,12,668 shares. Qualified institutional buyers (QIB) are offered 2,88,38,007 shares in Go Digit IPO and 80,94,069 shares in Indegene IPO.

	Go Digit IPO	Indegene IPO
Anchor Investor Reserveration	4,32,57,009 shares	1,21,41,102 shares
Market Maker Reserveration
QIB	2,88,38,007 shares	80,94,069 shares
NII	1,44,19,002 shares	60,70,552 shares
RII	96,12,668 shares	1,41,64,620 shares
Employee	0 shares	2,96,209 shares
Others
Total	5,28,69,677 shares	2,86,25,450 shares

Bids Received (Subscription)

Go Digit IPO subscribed 9.60x in total, whereas Indegene IPO subscribed 70.30x.

	Go Digit IPO	Indegene IPO
QIB (times)	12.56x	192.72x
NII (times)	7.24x	55.91x
Big NII (times)	8.28x	62.23x
Small NII (times)	5.15x	43.26x
RII (times)	4.27x	7.86x
Employee (times)		6.62x
Other (times)
Total (times)	9.60x	70.30x

Compare with others

Go Digit IPO	Indegene IPO
Stanley Lifestyles IPO	Kronox Lab Sciences IPO
DEE Piping Systems IPO	Awfis Space Solutions IPO
ixigo IPO	Go Digit IPO
Kronox Lab Sciences IPO	Aadhar Housing Finance IPO
Awfis Space Solutions IPO	TBO Tek IPO
Aadhar Housing Finance IPO	JNK India IPO
TBO Tek IPO	VI FPO
Indegene IPO	Bharti Hexacom IPO
JNK India IPO	SRM Contractors IPO
VI FPO	Popular Vehicles & Services IPO

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