Analysts said Go Digit s position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the insurance market. The company s advanced technology platform and focus on innovation bode well for its future.
Shares of Go Digit General Insurance Ltd, backed by Canada-based Fairfax, got listed on Thursday with a premium of over 5 per cent against the issue price of Rs 272.
The stock began the trade at Rs 281.10, up 3.34 per cent from the issue price on the BSE. It later climbed 11.39 per cent to Rs
This takes the total IPO size to Rs 2,615 crore at the upper end of the price band.At present, Go Digit Infoworks Services owns an 83.3 per cent stake in the company.Proceeds from the fresh issuance have been proposed to be utilised for augmentation of the companys capital base and maintenance of solvency levels and general corporate purposes.Cricketer Virat Kohli and his wife and actor Anushka Sharma are among the investors in the firm.
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