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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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.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
