Street signs: Go Digit IPO, stock lock-in expiry, and demat dilemma

Go Digit IPO: Riding the high tide at 29%

The grey market premium (GMP) of Go Digit General Insurance, whose initial public offering (IPO) opens this week, stands at 29 per cent. The GMPs of the three IPOs that opened last week ranged between 20 per cent and 55 per cent. Last week marked one of the busiest periods for IPOs, with three firms raising Rs 6,400 crore. The success of the stake sale in Vodafone Idea and the response to Bharti Hexacom’s Rs 4,275 crore IPO have fuelled investor optimism about the prospects of IPOs. Go Digit has priced