Go Digit has successfully raised approximately Rs 1,176 crore in its follow-on public offering from 56 anchor investors, which include notable names like Fidelity, Abu Dhabi Investment Authority (ADIA), and Bay Pond Partners. The allotment consisted of 4.32 crore shares priced at Rs 272 each, distributed among these investors. Among them, Fidelity Investments-backed fund received the highest allocation at 7.95 percent, followed by Goldman Sachs Funds, ADIA, Custody Bank of Japan, and Bay Pond Partners.
Additionally, a significant portion of the allocation, comprising 1.44 crore equity shares (33.51 percent), was allocated to eleven domestic mutual funds across 23 schemes.
Go Digit General Insurance, backed by Fairfax Group, is entering the primary market with its Rs 2,614.65-crore initial public offer (IPO). The IPO, opening for subscription on May 15, 2024, and closing on May 17, 2024, comprises a fresh issue of equity shares worth Rs 1,125 crore and an offer for sale (OFS) of up to 5.47 crore shares, allowing existing stakeholders to divest their holdings in the company.
