Fairfax-backed Go Digit General Insurance files IPO papers with Sebi
时间:2024-06-26 12:23:54 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
猜你喜欢
- Reliance Power offers Rs 1,200 cr to settle debt of Butibori power project
- Reliance, PNB, Hero MotoCorp, Adani Power, Lupin, Bajaj Electricals, Rail Vikas Nigam stocks in focus
- Yes Bank stock rating ‘Sell’- ICICI Securities downgrades Yes Bank shares, keeps target price unchanged
- Tax Talk- NRIs must update status on PAN
- Taste of the times
- Tax hike on diesel exports; govt raises windfall levy on fuel, cuts tax on domestic crude production
- Reliance Industries, Landmark Cars, Abans Holdings, IRCTC, Lupin, RailTel, RVNL stocks in focus on 23 December
- Reliance Industries Q1 results preview- Net profit to rise, helped by better refining margins, Jio, Retail
- Revfin raises $14 million in Series B round led by Omidyar Network