The initial public offering (IPO) of Go Digit General Insurance is set to open for bidding on May 15, 2024 (Wednesday).
With support from Prem Watsa’s Fairfax Group, Go Digit General Insurance offers a range of insurance options like health insurance, motor insurance, property insurance, travel insurance, marine insurance, liability insurance, and other insurance as well.
According to Red Herring Prospectus (RHP), celebrities like Indian cricketer Virat Kohli and his actress wife Anushka Sharma are also among the company’s shareholders.
Go Digit’s initial public offering (IPO) consists of an offer-for-sale (OFS) of up to 5,47,66,392 crore equity shares, valued at Rs 1,489.65 crore, in addition to a new share sale of Rs 1,125 crore.
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Company aims to raise an IPO amount of Rs 2,614.65 crore at the top end of the pricing band.
Go Digit General Insurance will open its initial public offering (IPO) on May 15, 2024, and close on May 17, 2024.
Price band for Go Digit General Insurance IPO has been set at Rs. 258 to Rs. 272 per equity share, with a face value of Rs. 10.
There will be multiples of 55 equity shares in the Go Digit General Insurance IPO lot size, starting at 55 equity shares.
Refunds will begin on Wednesday, May 22, and the shares will be deposited to the demat accounts of the allottees the same day as the refund.
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On Thursday, May 23, Go Digit General Insurance IPO is going to list its share price on the BSE and NSE.
Currently, Go Digit has 74 active products available across all of its business categories. As of December 31, 2023, it had around 61,972 partners, including 58,532 POSPs and other agents.
With 473 active bots to automate activities for partners and functions, it maintained distribution centers throughout 24 states and union territories in India.
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Disclaimer: The above content is for informational purposes only. The 1% News recommends consulting a SEBI-registered investment advisor before making any investment decision.
