There is good news for investors waiting to invest money in IPO. The price band for Go Digit General Insurance IPO has been decided. The IPO price band has been fixed in the range of Rs 258 to Rs 272 per equity share of face value of Rs 10. Subscription for Go Digit General Insurance IPO is scheduled for May 15 and will close on Friday, May 17. Allotment to anchor investors for Go Digit General Insurance IPO is scheduled to take place on May 14.
IPO lot size
The lot size of Go Digit General Insurance IPO is 55 equity shares. This can then be done in multiples of 55 equity shares. According to Livemint news, Go Digit General Insurance IPO has reserved at least 75% shares in the IPO for qualified institutional buyers (QIBs), more than 15% for non-institutional institutional investors (NIIs) and more than 10% shares. Have not done. The offer is reserved for retail investors.
Shares may be listed on May 23
According to the news, Go Digit General Insurance initial public offering (IPO) basis for share allotment is expected to be finalized on May 21. Refunds will start rolling out on May 22 and shares will be credited to the demat accounts of the allottees. The shares are likely to be listed on BSE and NSE on May 23 after the refund. The promoters of the company include FAL Corporation, Oben Ventures LLP, Godigit Infoworks Services Pvt Ltd and Kamesh Goyal.
Fresh issue of Rs 1,125 crore
The Go Digit General Insurance IPO comprises a fresh issue of Rs 1,125 crore and an offer for sale (OFS) of 54,766,392 equity shares by promoters and second sale shareholders. The book running lead managers of this IPO are ICICI Securities Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, Edelweiss Financial Services Limited, HDFC Bank Limited and IIFL Securities Limited.
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