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| 11dDigit IPO To Open On May 15; Issue Size Reduces
Digit Insurance's IPO, scheduled to open next week, has been modified to include a fresh issue of shares worth INR 1,125 Cr and an offer for sale (OFS) component of INR 5.47 Cr. Initially, the IPO was planned to be larger, with a fresh issue worth INR 1,250 Cr and a larger OFS component. The insurance tech startup filed its draft papers for the IPO in August 2022 but faced concerns from SEBI, which were later addressed. Digit Insurance offers various types of insurance policies and is supported by investors such as Virat Kohli and Anushka Sharma.
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