iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Go-Digit General Insurance re-files preliminary IPO with SEBI

31 Mar 2023 , 03:36 PM

Go-Digit General Insurance, backed by Canada’s Fairfax and Virat Kohli has refiled its draft papers with the markets regulator Securities and Exchange Board of India. The company wants to raise funds through initial public offer (IPO) which includes fresh issues of equity shares worth Rs 1,250 crore and an offer for sale of up to 109.45 million shares by shareholders and promoters.

The offloading shareholders include Go Digit Infowarks Services Pvt Ltd., Kohli and his wife, actor Anushka Sharma.

The market regulator had returned the draft papers in February. The company has said, DRHP was returned in terms of SEBI’s Issuance of Capital and Disclosure Requirements rules, which exempts rights granted under the employee stock option plan (ESOP) to subsist at the time of filing the draft prospectus, but does not similarly exempt employee stock appreciation rights.

The company said it made amendments to ESOP, which had been approved by both the board and shareholders earlier in the month.

The company will use the net proceeds from fresh issue to augment the company's capital base and maintenance of solvency levels and for general corporate purposes.

ICICI Securities, Morgan Stanley, Axis Capital, Edelweiss Financial Services, HDFC Bank, and IIFL Securities are the merchant bankers of the issue. Link Intime India Private Limited is the registrar of the IPO.

Go-Digit General Insurance re-files preliminary IPO with SEBI

Related Tags

  • DRHP
  • Go-Digit General Insurance
  • Go-Digit General Insurance DRHP
  • Go-Digit General Insurance IPO
  • Go-Digit General Insurance SEBI
  • IPO
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

closeIcon

Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp