Insight into Go Digit General Insurance IPO

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IPO subscription for Go Digit General Insurance begins on May 15, closing on May 17, with anchor investor bidding on May 14.

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IPO package includes fresh shares worth Rs 1,125 crore and an offer-for-sale of up to 54,766,392 equity shares.

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Celebrity shareholders Virat Kohli and Anushka Sharma retain stakes in the IPO opportunity.

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IRDAI imposed a Rs 1 crore penalty on Go Digit for not informing about a change in conversion ratio of fancy shares.

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Lead managers include ICICI Securities, Morgan Stanley India Company, Axis Capital, among others.

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Link Intime India is the registrar for Go Digit's IPO.

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Go Digit aims to list its shares on both BSE and NSE to solidify its position in the Indian insurance sector.

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