Go Digit General Insurance Submits IPO Documents To SEBI
Go Digit General Insurance Ltd, backed by Canada's Fairfax Group, has submitted preliminary documents with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). As per the draft document, Rs 1,250 crore of fresh shares will be issued in the IPO.
BaluSingh Rajpurohit 
New Delhi: Go Digit General Insurance Ltd, backed by Canada's Fairfax Group, has submitted preliminary documents with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). As per the draft document, Rs 1,250 crore of fresh shares will be issued in the IPO. In addition, a promoter and existing shareholders will bring an offer for sale (OFS) of 10,94,45,561 equity shares.
Go Digit Infoworks Services Private Limited will sell 10,94,34,783 equity shares under the OFS. Also, the company can bring pre-IPO placement of up to Rs 250 crore. This will reduce the size of the new issue. According to the document, cricketer Virat Kohli and his wife Anushka Sharma are among the investors in Go Digit General Insurance.
Go Digit offers Motor Insurance, Health Insurance, Travel Insurance, Property Insurance, Marine Insurance, and other insurance products to meet the needs of the customers. It is one of the few non-life insurance companies in India that operates completely on the cloud. The equity shares of the company will be listed on BSE and NSE.
