Go Digit IPO Day 2: From financials to key risks, here are 10 things to know from RHP before subscribing
₹258 and ₹272. Also Read: Go Digit IPO day 2: GMP, subscription status, price to review. Should you apply to this Virushka-backed IPO? The Go Digit General Insurance IPO consists of an offer-for-sale (OFS) of 54,766,392 equity shares by the promoters and other selling shareholders, together with a fresh issue of ₹1,125 crore.
The business will utilise the net revenues to fund the initiatives that are recommended to be supported by the net profits in addition to its usual commercial activities. The company hopes to gain from the equity share listing on stock markets as well, as it feels that this would enhance its reputation and brand recognition among present and potential customer. According to the RHP, the company's promoters are Kamesh Goyal, Go Digit Infoworks Services Private Ltd, Oben Ventures LLP, and FAL.
The promoters together held 729,565,220 equity shares, representing 83.30% of their company's pre-Offer issued, subscribed, and paid-up equity share capital on a fully diluted basis. Cricket player Virat Kohli purchased ₹2 crore for 2.67 lakh shares of the firm in 2020, while his wife, actress Anushka Sharma, invested ₹50 lakh through a private placement. ₹5 crore was invested in the firm by RS Filmcraft (OPC) Pvt.
Ltd. through the RS SHA. Kapil Joshi made a ₹5.09 million investment in the firm through the KJ SHAs.
Cornerstone made a ₹1.45 crore investment in the Company through the Cornerstone SHAs. UBR Capital contributed ₹1.53 crore to the business through the UBR SHAs. DTVPL made a ₹2.50 million investment in the company through the DTVPL SE.
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