India’s Digit Insurance, backed by the Canadian billionaire Prem Watsa’s Fairfax Group, has filed the draft red herring prospectus (DRHP) for its initial public offer (IPO) with the market regulator Securities and Exchanges Board of India (Sebi), on Tuesday.
According to media reports, the size of the IPO is likely to be around $440 million. The company will disclose the total IPO size in its Red Herring Prospectus.
