Go Digit General Insurance IPO Set To Launch On May 15: Sources | Business News
Welcome back to Market for effort on Easy Now. And before we get back to all the buzzing counters, let’s get you an ET Now exclusive where we learn from reliable sources that Go digit ensure General Insurance IPO is likely to open on May 15. Now Prem Vasta Bagged Insurance Company is looking at IPO of Rupees 1500 crore rupees. For more on this, we have been joined by Anurag Shah. Anurag take it away. After multiple delays, now go digit general insurance is all set to launch their IPO on 15th of May as per our sources and the price band for the IPO will be announced on 10th May. So total IPO size will be of 1500 crore in which 12150 crore will be fresh issue and around 11 crore equity share will be offered by existing shareholders and promoters under the offer for sale route. So go digit is primarily into motor insurance, health insurance and property insurance and the proceeds from this IPO will be used by company for the further growth. To enhance their solvency as per the details we have got so Go Digit is a general insurance company promoted by Prem Vatsa of a firefight group and insurance veteran Kamesh Goyal, Anushka Sharma and cricketer Virat Kohli are also investor in the Go Digit general insurance.