India's Go Digit General Insurance surges in debut trade

Go Digit General Insurance

23/05/2024 07:01

** Shares of Go Digit General Insurance  GODG.NS  rise 10.9%
to 301.70 rupees in trading debut 
    ** GODG debuted at 5% premium to the higher end of co's IPO
price range of 272 rupees
    ** The digital insurance co, backed by Canada's Fairfax
Financial Holdings  FFH.TO , has car, bike, travel and health
insurances
    ** At current levels, co valued at 275.76 billion rupees
($3.31 billion)
    ** GODG raised 26.15 bln rupees in IPO of fresh issue worth
11.25 bln rupees, offer for sale of shares worth 14.90 bln
rupees - prospectus
    ** IPO oversubscribed 9.6x last week, as per exchange data


($1 = 83.2670 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))