Go Digit’s IPO will be live in the secondary markets from May 23. The shares of the company – in which Virat Kohli and Anushka Sharma have invested – were attracting a premium of over 11% in the grey market. It is an unofficial market where shares change hands in an illegal way before listing. Market participants take cues by tracking grey market premiums.
The insurance company opened its IPO on May 15 and closed it on May 17. Go Digit raised Rs 2,614.65 crore via a combination of fresh issues and an offer for sale price band at Rs 258 to Rs 272 per equity share. A retail investor had to bid for a minimum of 55 shares aggregating to Rs 14,960.
Morgan Stanley India Company, ICICI Securities, Axis Capital, IIFL Securities, HDFC Bank, and Nuvama Wealth Management were the book-running lead managers. Link Intime India worked as the registrar for the issue.
About Go Digit General Insurance
Go Digit General Insurance is in the business of insurance providing motor insurance, travel insurance, property insurance, and many other insurance products, which customers can customise according to their needs. As of now, the company has launched a total of 74 active products across all its business segments.