The Offer with a face value of Rs 10 per Equity Share is a mix of fresh issue of Rs 1,125 crore and an offer for sale up to 54.77 million equity shares by Promoters and Other Selling Shareholders.

Go Digit has an end-to-end digital capability and a digital-first approach across customers’ insurance value chain. According to the RedSeer Report for the nine months ended December 31, 2023, and Financial Year 2023, the Company catered for approximately 82.5% (equating to Rs 66.80 billion) and 82.1% (equating to Rs 72.43 billion), respectively, of the GWPs written by the digital full-stack insurance players which include Acko and Navi, making it the largest digital full-stack insurance player in India. The Company offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products, according to the needs of the customers. For the nine months ended December 31, 2023 motor insurance contributed 61.1% of the GWP.

As of December 31, 2023, there were 43.26 million customers or people availing insurance benefits under various policies issued by the company since the inception of its insurance operations in 2017.

According to the RedSeer Report, Go Digit’s GWP per employee for each of the nine months ended December 31, 2023, and Financial Year 2023 is highest compared to the average GWP per employee for non-life insurance companies in

India demonstrating better operational efficiency compared to other general insurance companies in India.

Go Digit launched 74 active products across all business lines. As of the nine months ended December 31, 2023, and Financial Year 2023, it had a market share of approximately 6.0% and 5.4%, respectively, in the motor insurance segment one of the largest non-life insurance segment in India, according to the RedSeer Report.

The company has an established track record of delivering growth. GWP increased from Rs 5,267.63 crore in Financial Year 2022 to Rs 7,242.99 crore in Financial Year 2023, an increase of 37.5%, primarily due to an increase in GDPI from motor insurance, health insurance and personal accident insurance. The company has maintained an adequate capital position with a solvency ratio of 1.78 times and 1.60 times as of March 31, 2023, and December 31, 2023, respectively, compared to the IRDAI level minimum solvency ratio guidance of 1.50 times. The policies issued for fiscal 2023 stood at 10.63 million against 7.76 million in fiscal 2022. For the nine months ended 31 December, 2023, policies issued stood at 8.46 million. The Company’s AUM increased from Rs 9,393.87 crore in Financial Year 2022 to Rs 12,668.36 crore in Financial Year 2023, an increase of 34.9%, primarily due to an increase in GWP and additional capital infusion from share issuances. For the nine months ended December 31, 2023, AUM stood at 14,909.01 crore. The GDPI increased from Rs 4,673.94 crore in the Financial Year 2022 to Rs 6,160.01 crore in the Financial Year 2023, an increase of 31.8%. For the nine months ended December 31, 2023, GDPI stood at Rs 5,970.53 crore.

The Offer is being made through the Book Building Process, wherein at least 75% of the Offer shall be allocated to Qualified Institutional Buyers, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional

Bidders and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders.

ICICI Securities Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, HDFC Bank Limited, IIFL Securities Limited, and Nuvama Wealth Management Limited and Link Intime India Private Limited is the registrar to the Offer. The Equity Shares are proposed to be listed on BSE and NSE.

Issue Size of the IPO based on the upper and lower end of the price band

ENDS/ GPN