Go Digit General Insurance, backed by Canada-based Fairfax Group, has filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its 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.
Proceeds from the fresh issuance will be utilized for the augmentation of the company's capital base and maintenance of solvency levels and general corporate purposes. ICICI Securities, Morgan Stanley India Company, Axis Capital, Edelweiss Financial Services, HDFC Bank, and IIFL Securities are the book-running lead managers for the issue. The equity shares of the company will be listed on BSE and NSE.
Go Digit offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products, to meet the needs of the customers.
| Company Name | CMP |
|---|---|
| ICICI Prudential | 557.75 |
| General Ins. Corp | 395.90 |
| Star Health & Allied | 506.35 |
| Niva Bupa Health Ins | 77.57 |
| ICICI Lombard Gen. | 1873.55 |
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