Fairfax(Fairfax) Invested by Go Digit Insurance(Go Digit Insurance) this week IPO Draft Red Herring Prospectus for (DRHP) can submit. Bengaluru-based General Insurance Company issued 15 percent equity at Rs. 5,000 crores can be raised. Go Digit Insurance’s IPO(Go Digit Insurance IPO)can include both fresh issue and offer for sale (OFS). According to a media report, it is estimated that the new shares of Go Digit Insurance IPO will raise Rs. 1,250 crore and from OFS Rs. 3,750 crore can be collected. After launching Go Digit Insurance’s IPO, the company was valued at around Rs. 30,000-35,000 crore is expected.
The company became a unicorn last year
The company became a unicorn in January last year. At that time it was valued at $1.9 billion. After this, looking at the valuation of the company, it increased to 3.5 billion dollars. Attracting insurance customers through mobile technology is one of the main reasons behind the growth of Indian fintech startup Digit.
Kohli is its brand ambassador. The insurer on July 18 launched the ‘Pay As You Drive’ (PAYD) add-on feature for its motor insurance on damage (OD) policy. The company, invested by Indian cricketer Virat Kohli and actress Anushka Sharma, has become the first company to launch such a facility.
You won’t have any problem getting insurance from Go Digit as the process is very easy. The process is online without any paper. Before buying insurance from Go Digit you need to decide what type of insurance you want.
Go Digit is a private independent company, launched in 2016 in Bangalore. This company offers health, travel auto and many other types of insurance. It is trying to expand its customer base by simplifying the process of buying, submitting claims and receiving payments.
Balaji Specialty Chemicals to IPO
Balaji Specialty Chemicals is preparing to bring IPO (Balaji Specialty Chemicals IPO). The company has filed a draft paper with the stock market regulator SEBI to bring (Initial public offering – IPO). Company through fresh issue in IPO Rs. 250 crore will be collected. Existing shareholders of the company will sell 2.6 crore shares of their stake.
Balaji Specialty Chemicals is a subsidiary of Balaji Amines, a stock exchange listed company. The company has filed a draft paper with SEBI on August 10, while the board of directors approved the IPO in June. The company has said in the draft paper that it will spend Rs. 50 crore can also do a pre-IPO placement. In such a situation the size of the IPO may be small.
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