SEBI – Securities & Exchange board of India, a market regulator granted to raise funds via IPO (Initial Public Offering) of Go Digit, a general insurance startup backed by celebrity duo Virat Kohli and Anushka Sharma. The IPO of Go Digit had been stroked by many obstacles & compliance issues which resulted in a   postponed approval for its initial public offer.

The market regulator SEBI has provided the draft offer document twice as it underscored the comcers on share issuance, it reported. The general insurance company Go Digit returned its IPO papers with SEBI in the month of March, last year. In way of this course, the company now been granted by SEBI to raise funds through IPO.

Operating in the sector of general insurance sector, the backers of Go Digit includes Fairfax Group led by Canadian billionaire Prem Watsa and A91 Partner. As per the draft papers, the IPO of Go Digit includes a fresh subject of stocks & shares that worth over 1,250 crore ($152.1 million) and a tender for a sale of 109.4 million shares. In such case, Go Digit intends to utilize this net profits raised from the IPO for boost its capital & uphold the solvency points.

During the period of 2018 and 2022, Go Digit acquired a financial loss of 1,917 crore & gained an investments profit of 746 crore, where the net operating loss of the company stood at 1,171 crore.

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