The initial public offer (IPO) of Bengaluru-based insurtech start-up Go Digit General Insurance will open for public subscription on May 15. Retail investors will be able to bid for this IPO till May 17. According to the draft prospectus, for this issue the company will issue new shares worth ₹ 1,125 crore and existing investors of the company will sell 54,766,392 shares through Offer for Sale i.e. OFS. Virat Kohli and Anushka Sharma Its investor cricketer Virat Kohli had bought 266,667 shares of the company for Rs 2 crore in 2020. At the same time, his wife and actress Anushka Sharma had invested Rs 50 lakh through private placement. Through the IPO, promoter Go Digit Infoworks and other existing shareholders are selling their stake. However, Virat Kohli and Anushka Sharma will remain investors. What is the minimum and maximum amount that retail investors can invest? The company has not yet decided the price band of the IPO. Soon Go Digit will release the price band, after which information about minimum and maximum investment will be revealed. Go Digit General Insurance has reserved 75% of the issue for Qualified Institutional Buyers (QIBs). Apart from this, about 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
