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Go Digit General Insurance To Introduce Its IPO Of Rs 3500 Cr

Go Digit Info Works Services will sell 10,94,34,783 equity shares under the OFS. Also, the company can also bring pre-IPO planning up to Rs 250 crore

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Go Digit General Insurance, an investment company of Canada's Fairfax Group, is going to introduce an IPO. The company has also submitted preliminary documents with the Securities and Exchange Board of India (Sebi).

The company  is bringing an IPO of Rs 3500 crore to raise money from the market through General Insurance. According to the draft given by the company to SEBI, new shares worth Rs 1,250 crore will be issued in the IPO. Along with this, a promoter and existing shareholders will bring an offer for sale (OFS, OFS) of 10,94,45,561 equity shares.

Go Digit Info Works Services will sell 10,94,34,783 equity shares under the OFS. Also, the company can also bring pre-IPO planning up to Rs 250 crore. This will reduce the size of the new issue. Kamesh Goyal is the promoter of Digit Insurance, who is also the founder and chairman of the company. The promoters of the company will sell about 11 crore equity shares under the IPO.

According to the company information and documents, Virat Kohli is the brand ambassador of Digit Insurance as well as the investor of the company. Virat Kohli's wife Anushka Sharma is also one of 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.


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