Fairfax-backed Go Digit General Insurance files IPO papers with Sebi
时间:2024-06-26 10:36:08 阅读(143)
Go Digit General Insurance Ltd, backed by Canada-based Fairfax Group, has filed preliminary papers with markets regulator Sebi to garner funds through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer-for-sale (OFS) of 10,94,45,561 equity shares by a promoter and existing shareholders, according to the draft red herring prospectus (DRHP).
Under the OFS, Go Digit Infoworks Services Pvt Ltd will sell 10,94,34,783 equity shares. Also, the company may consider a pre-IPO placement of equity shares aggregating up to Rs 250 crore. If such placement is completed, the fresh issue size will be reduced.
Also read| Balaji Solutions files draft papers with Sebi to raise funds via IPO
It is one of the first non-life insurers in India to be fully operated on the cloud and has developed application programming interface (API) integrations with several channel partners.As per the draft papers, cricketer Virat Kohli and his wife Anushka Sharma are among the investors of Go Digit General Insurance.
The Bengaluru-based company has a track record of delivering growth with Gross Written Premium (GWP) at Rs 5,268 crore, Rs 3,243 crore and Rs 2,252 crore in financial years 2022, 2021, and 2020, with a compound annual growth rate (CAGR) of 53 per cent from fiscal 2020 to fiscal 2022.
Also read| Syrma SGS Technology IPO enters day 2 with 37% issue subscribed, GMP steady; should you bid?
ICICI Securities, Morgan Stanley India Company, Axis Capital, Edelweiss Financial Services, HDFC Bank, and IIFL Securities are the book running lead managers to the issue. The equity shares of the company will be listed on BSE and NSE
上一篇:Nifty headed to 21200, Bank Nifty may top 52000 in year 2023; Banking, Tech shares may drive rally
Also Read: Zerodha’s Nikhil Kamath tells when to buy stocks, shares Buffett formula to find the right time
FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.
猜你喜欢
- Nifty below 17950 could fall to 17650; resistance at 18081; buy these two stocks to pocket gains
- Global Markets- Markets in neutral ahead of US payrolls, Credit Suisse jumps
- Global Markets- Emergency ECB statement steadies European markets before Fed meeting
- Wipro stock tech pick- Brokerage recommends ‘Buy’, cites higher bottom formation; check target price
- Gold Price Today, 10 Feb- Gold slips as dollar edges up; fears of further rate hikes from US Fed dampen appeal
- Nifty forms bearish candle on daily scale, may slide to 18000 below 18350; buy these two stocks for gains
- Nifty aims 18000 in coming month, Bank Nifty short term support at 34000; Buy Reliance, SBI, Infosys stocks
- World stocks hit five-week peak, as dollar continues retreat
- Muthoot Microfin files preliminary papers for Rs 1,350 crore IPO