On 23 May 2024, Go Digit's shares opened on the NSE at INR 286, 5.15% above the issue price of INR 272. The listing capped a three-day offering that raised about INR 2,615 crore, part fresh capital, part existing shareholders selling.
Founder Kamesh Goyal built Digit as a digital-first general insurer. It is Fairfax-backed, and that backing carried it through to the public market. At the issue price the company was worth roughly INR 24,948 crore.
It is Fairfax-backed, and that backing carried it through to the public market.
What the debut did not guarantee was a smooth ride. The stock traded around INR 350 in early January 2026, giving a market value of about INR 32,336 crore, and around INR 311 in late May 2026, near INR 28,573 crore. Insurance stocks move on claims, pricing and regulation, and Digit's price has been volatile.
The business underneath kept growing. In FY26 gross written premium rose 10.4% to INR 11,294 crore, with a return on equity of 17.7%. Reported profit for the year was about INR 544 crore, though sources differ on the fourth-quarter figure. The combined ratio, a measure of whether underwriting itself makes money, improved to 105.7%. Anything over 100% means the insurer is paying out more in claims and costs than it takes in premium, and relying on investment income to make up the gap.
That last number is the honest centre of the story. Digit has scale and profit, but it has not yet shown that its insurance alone is profitable at the underwriting line. Peer Acko is heading to its own listing and Digit's trading history will be the yardstick.
For founders, an IPO is not the finish. It is the moment the business gets graded every day, by people who read the combined ratio.