Go Digit General Insurance received approval from IRDAI to go public

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Go Digit General Insurance received approval from IRDAI to go public

Go Digit General Insurance received approval from India’s insurance regulator, the Insurance Regulatory and Development Authority of India (IRDAI), to go public.

According to Go Digit’s draught red herring prospectus (DRHP), the company’s IPO will include a fresh issue of equity shares worth INR 1,250 Cr and an offer for sale (OFS) of 10,94,45,561 equity shares, according to CNBCTV18. The company may also consider a pre-IPO placement of equity shares worth up to INR 250 crore. On August 17, the Fairfax and Sequoia-backed startup filed its draught IPO papers.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Go Digit General Insurance received approval from India’s insurance regulator, the Insurance Regulatory and Development Authority of India (IRDAI), to go public.

According to Go Digit’s draught red herring prospectus (DRHP), the company’s IPO will include a fresh issue of equity shares worth INR 1,250 Cr and an offer for sale (OFS) of 10,94,45,561 equity shares, according to CNBCTV18. The company may also consider a pre-IPO placement of equity shares worth up to INR 250 crore. On August 17, the Fairfax and Sequoia-backed startup filed its draught IPO papers.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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