MF News SEBI puts Go Digit IPO ‘in abeyance’

SEBI puts Go Digit IPO ‘in abeyance’

IPO of Go Digit Insurance has not received SEBI’s go ahead for now.

Team Cafemutual Sep 25, 2022

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IPO plans of Go Digit General Insurance will be delayed as SEBI has put the company ‘In abeyance’. SEBI discloses this on its website that "Issuance of observations (has been) kept in abeyance."

The general insurer planned to raise Rs.1250 crore to expand its business.

The company received gross premium of Rs.2500 crore in April-August 2022 as against Rs.1800 in April-August 2021. Currently, the company holds market share of 2.41% in the general insurance industry.

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