Insight into Go Digit General Insurance IPO

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

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

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

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

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

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

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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