Virat Kohli-backed Go Digit may launch IPO next week: All you need to know

Go Digit General Insurance may launch its initial public offering (IPO) next week. The company could introduce the IPO likely on May 15, ET Now reported. The price band of the issue will be declared on May 10 and the anchor book may open on May 14, it added. The new age insurance company is backed by Prem Watsa’s Fairfax group. Through the IPO, the company aims to raise ₹1,500 crore which includes a fresh share sale of ₹1,250 crore and an offer-for-sale (OFS) of up to 10.94 crore equity shares aggregating to up to ₹250 crore by its promoters and existing shareholders, the report added.

Royal Challengers Bengaluru's Virat Kohli celebrates the dismissal of Gujrat Titans batter Shahrukh Khan run out by him during the Indian Premier League (IPL) 2024 T20 cricket match between Royal Challengers Bangalore and Gujrat Titans, at M Chinnaswamy Stadium in Bengaluru.(PTI)

Read more: TBO Tek IPO opens today: Check GMP, issue details for the ₹1,551-crore issue

Go Digit IPO: Company details 

Go Digit General Insurance has a diverse array of insurance products such as motor, health, travel, property and marine insurance. The company received a nod from Sebi in March 2024 to launch its IPO after multiple delays. 

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

Read more: Aadhar Housing Finance IPO: What to know before subscribing to the issue, check latest GMP and price band

Virat Kohli and his wife Anushka Sharma are among the shareholders of the company. In February 2020, Virat Kohli invested ₹2 crore in the company to buy 2,66,667 equity shares for ₹75 apiece while Anushka Sharma bought 66,667 equity shares at the same price. 

Read more: Nine IPOs, four listings to hit Dalal Street in coming week. Check details

Go Digit IPO: What we know so far

The book running lead managers for the IPO are ICICI Securities, Morgan Stanley India Company, Axis Capital, HDFC Bank, Edelweiss Financial Services and IIFL Securities. Link Intime India has been appointed as the registrar for the issue and the shares of the company shall be listed on both BSE and NSE.

• ABOUT THE AUTHOR

  

  Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.