Sebi returns Go Digit's IPO papers; company to refile

New Delhi: Markets regulator Sebi has returned the preliminary IPO papers of Go Digit General Insurance, backed by the Canada-based Fairfax Group. The company is looking to refile the documents with certain updates.

The company had filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in August 2022 to raise funds through an initial public offering (IPO).

Go Digit's proposed IPO comprises fresh issuance of equity shares worth ₹1,250 crore and an offer for sale (OFS) of 10.94 crore equity shares by a promoter and existing shareholders. In the OFS, Go Digit offers to sell 10,94,34,783 equity shares.


According to an update with Sebi on Tuesday, the markets regulator has returned the draft papers on January 30.

Cricketer Virat Kohli and his wife and actor Anushka Sharma are among the investors in the firm.