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Go Digit Insurance to file IPO- Grey market Premium

Fairfax-backed Go Digit Insurance is likely to file an initial public offering (IPO) Draft Red Herring Prospectus (DRHP) this week, sources have told CNBC-TV18. The Bengaluru-based general insurance company is expected to raise Rs 5,000 crore via the issuance of 15 percent equity.

The Go Digit Insurance IPO is likely to be comprised of both fresh issues and Offer-For-Sale (OFS).
The Go Digit IPO is estimated to raise Rs 1,250 crore through the fresh issue and the remaining of Rs 3,750 crore through OFS. The value of the Go Digit Insurance IPO is likely to be around Rs 30,000 - 35,000 crore.
Kamesh Goyal's Go Digit General Insurance Limited is general insurance is backed by Canadian-based Prem Watsa’s Fairfax Financial Holdings Limited.
The insurance company had, earlier on July 18, announced the launch of the ‘Pay as you Drive’ (PAYD) add-on feature for motor insurance Own Damage (OD) policies. The Indian cricketer Virat Kohli and actor Anushka Sharma backed the company becomes the country's first insurers to introduce the feature.
This feature enables the customers who drive less to pay the company said in a press release. Anyone driving less than 10,000 kilometers per year on average will be eligible to avail of the discount.

Current IPO GMP Rates

Check the latest IPO analysis and the estimated grey market rates with listing gain as given below:
Go Digit IPO GMP -

16-08-2022 - NO data yet 

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