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Go Digit's shares listed on NSE and BSE at a premium. The stock debuted at Rs 286 on NSE and Rs 281.1 on BSE, with strong interest from buyers.
Shares of Go Digit General Insurance Ltd made a muted debut at Dalal Street on Thursday. The dull listing is in-line to the expectations, signaled by the grey market premium for the company.
Following its listing on Thursday with a modest premium of 3.35% at Rs 281 over its issue price of Rs 272, shares of Go Digit General Insurance continued to rally, surging another 9% to reach the day's high of Rs 305.85.
Analysts said Go Digit's position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the insurance market. The company's advanced technology platform and focus on innovation bode well for its future.
Ahead of the issue opening, the firm raised about Rs 1,176 crore in the anchor round, where Fidelity Investments, Goldman Sachs, ADIA, and Custody Bank of Japan were among the investors.