The initial public offer of Go Digit General Insurance, a firm backed by Canada-based Fairfax Group, received 36 per cent subscription on the first day of bidding on Wednesday. The initial share sale received bids for 1,88,86,890 shares against 5,28,69,677 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 1.44 times and that of non-institutional investors received 34 per cent subscription. Go Digit General Insurance has raised a little over Rs 1,176 crore from anchor investors. The company's Rs 2,615-crore initial share sale will conclude on Friday. The price band for the offer has been fixed at Rs 258-272 per share. Go Digit's proposed Initial Public Offer (IPO) has a fresh issuance of equity shares worth Rs 1,125 crore and an Offer-for-Sale (OFS) of 5.47 crore equity shares by promoter Go Digit Infoworks Services and existing shareholders worth Rs 1,490 crore. This takes the total IPO size to Rs 2,615 crore at the upper end of th Read The Rest at :