Digit General Insurance IPO oversubscribed by 9.6 times.

May 25, 2024
1 min read

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Go Digit General Insurance IPO Summary

TLDR:

Go Digit General Insurance IPO has been subscribed 9.6 times, with the retail portion subscribed 4.3 times, non-institutional investors 7.2 times, and qualified institutional buyers 12.5 times. The company is looking to raise Rs 1,125 crore through a fresh issue of shares and an offer for sale of 54 million equity shares. Anchor investors have already invested Rs 1,176.5 crore in the IPO. International and domestic investors such as Fidelity, Goldman Sachs, SBI Mutual Fund, and ICICI Prudential Mutual Fund participated in the funding exercise.

Key Elements:

  • Go Digit General Insurance IPO subscribed 9.6 times
  • Retail portion subscribed 4.3 times, non-institutional investors 7.2 times, and qualified institutional buyers 12.5 times
  • Company looking to raise Rs 1,125 crore
  • Anchor investors have already invested Rs 1,176.5 crore
  • Fidelity, Goldman Sachs, SBI Mutual Fund, and ICICI Prudential Mutual Fund among investors

The Bengaluru-based insurtech startup Go Digit General Insurance Ltd’s IPO has seen strong subscription numbers, indicating investor interest in the company’s offerings. The company is aiming to raise a significant amount through the IPO, with anchor investors already showing confidence in the business. International and domestic investors have participated in the funding exercise, signaling a positive outlook for the company’s future growth.



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