Go Digit’s IPO to open on May 15
The proposed IPO comprises fresh issuance of equity shares worth Rs1,125-cr and an OFS of 5.47 crore equity shares by a promoter Go Digit Infoworks Services and existing shareholders
New Delhi: Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, is set to launch its initial public offering on May 15.The initial share sale will conclude on May 17 and the bidding for anchor investors will open for a day on May 14, according to the Red Herring Prospectus (RHP).
Go Digit’s proposed IPO comprises fresh issuance of equity shares worth Rs1,125 crore and an Offer For Sale (OFS) of 5.47 crore equity shares by a promoter Go Digit Infoworks Services and existing shareholders. At present, Go Digit Infoworks Services owns an 83.3 percent stake in the company.