Investing in the stock market is exciting, and one of the newest buzzwords around is Go Digit Share Price. If you’re curious about what Go Digit is, how its shares are performing, and whether it’s a good investment, you’re in the right place. This article breaks down everything in simple words — no complicated finance talk here!
Table of Contents
What is Go Digit?
A Quick Look at the Company
Go Digit is an insurance company that operates mainly online. It offers a wide range of insurance plans, including:
- Health insurance
- Car insurance
- Bike insurance
- Travel insurance
- Home insurance
The company wants to make insurance simple and digital. That’s why everything — from buying a policy to filing a claim — can be done on your phone or computer.
Who Owns Go Digit?
Go Digit was started by Kamesh Goyal in 2016. It has strong support from well-known investors, including Fairfax Financial Holdings, a company from Canada. Bollywood actor Virat Kohli and his wife Anushka Sharma have also invested in the company.
Go Digit’s IPO: The Big Step Into the Stock Market
What is an IPO?
IPO stands for Initial Public Offering. This is when a private company sells its shares to the public for the first time. Once listed, people like you and me can buy and sell these shares in the stock market.
When Did Go Digit Launch Its IPO?
Go Digit launched its IPO in May 2024. This was a major step for the company and drew a lot of attention from investors. The IPO price band was between ₹258 to ₹272 per share.
Go Digit Share Price Today
Latest Share Price Update
As of today, Go Digit share price is trading around ₹280 to ₹290 range. Please note, share prices change every day based on market trends, news, and investor actions.
You can check real-time prices on platforms like:
- NSE (National Stock Exchange)
- BSE (Bombay Stock Exchange)
- Stock apps like Zerodha, Groww, Upstox
How Has the Price Changed Since IPO?
Go Digit’s share price saw a small jump after its IPO. Here’s a simple view of how the price moved:
| Date | Share Price (Approx.) |
|---|---|
| IPO Launch | ₹272 |
| Day 1 Close | ₹281 |
| Week Later | ₹290 |
| Today | ₹285 (varies daily) |
So far, the share has remained stable without big ups or downs.
Should You Invest in Go Digit?
Let’s look at the reasons why some people are investing in Go Digit and what risks you should be aware of.
Pros of Investing
- Strong Digital Focus
Go Digit is all about being fast, digital, and easy to use — things that modern customers love. - Growing Insurance Market
More people in India are now buying insurance. That’s good for Go Digit’s future. - Big Investors Behind the Company
Fairfax, Virat Kohli, and Anushka Sharma’s backing adds trust and visibility. - User-Friendly Platform
Their app and website are simple to use. This makes it easy for customers to buy or manage insurance policies.
Cons or Risks
- Tough Competition
The insurance market has many strong players like LIC, HDFC Ergo, ICICI Lombard. - Market Conditions
If the stock market falls or the economy slows down, it could affect the share price. - Low Profitability Right Now
Like many new tech-based companies, Go Digit is focusing on growth over profit. This could take time to change.
How to Buy Go Digit Shares
If you’re thinking about buying Go Digit shares, follow these steps:
Step-by-Step Guide
- Open a Demat Account
Use platforms like Groww, Zerodha, or Upstox. - Complete KYC
Provide your ID proof, PAN card, and bank details. - Add Money to Your Account
Transfer money from your bank account to your trading app wallet. - Search for “Go Digit”
Find the stock on NSE or BSE. - Place the Order
Choose how many shares you want and whether it’s a “market” or “limit” order. - Confirm & Hold
Once the order is complete, the shares will be in your Demat account.
What Experts Say About Go Digit
Positive Reviews
Many stock market experts say Go Digit is a fresh and promising company in the insurance space. They believe its digital model could do well in the long run.
Caution From Some Analysts
Some experts also suggest waiting for a few more quarters to see how the company performs post-IPO. They recommend investing small amounts if you’re a beginner.
Go Digit Financial Performance
Let’s keep this part simple and to the point.
| Financial Metric | FY 2023 | FY 2024 (Estimate) |
|---|---|---|
| Revenue | ₹5,100 crore | ₹6,400 crore |
| Net Profit/Loss | ₹-10 crore | ₹+40 crore |
| Claim Settlement Ratio | ~96% | ~97% |
This shows the company is growing its income and improving its profits.
Go Digit vs Other Insurance Stocks
How does Go Digit compare with other listed insurance companies?
| Company Name | Share Price (Approx.) | Known For |
|---|---|---|
| Go Digit | ₹285 | Digital insurance |
| LIC | ₹720 | Largest life insurer |
| ICICI Lombard | ₹1,200 | General insurance |
| HDFC Life | ₹600 | Private life insurer |
Go Digit is more affordable and may grow faster because of its tech-first model.
Tips for New Investors
If you are new to stocks and thinking of buying Go Digit shares, here are some tips:
Start Small
Don’t invest a lot at first. Start with an amount you’re comfortable losing.
Think Long-Term
Share prices may go up and down daily. Hold the stock for a few years to see real growth.
Stay Updated
Follow news about the company and its quarterly results.
Diversify Your Investments
Don’t put all your money in one stock. Spread your money across different types of companies and sectors.
Final Thoughts on Go Digit Share Price
Go Digit is a modern, digital-first insurance company with a lot of potential. Its share price has remained stable since its IPO, showing investor confidence.
If you’re someone who believes in digital businesses and long-term growth, Go Digit might be worth watching. However, like all investments, it comes with risks. So make sure to do your homework or speak to a financial advisor before investing.
FAQs About Go Digit Share Price
Is Go Digit a listed company?
Yes, it got listed on the stock market in May 2024.
What is Go Digit’s share price today?
It changes daily, but currently trades around ₹285. Check real-time prices on NSE or BSE.
Is Go Digit a good stock to invest in?
It could be, especially if you believe in the digital insurance model. But remember, it’s still a new player in the stock market.
Can I buy Go Digit shares online?
Yes, use apps like Zerodha, Groww, or Upstox.
Who are the big investors in Go Digit?
Fairfax Financial, Virat Kohli, and Anushka Sharma are key investors.
