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IndiaFirst Life Insurance to file draft papers with Sebi in next few weeks

IndiaFirst Life insurance entered the insurance industry in 2009 as the 23rd private sector life insurance company

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Subrata PandaSamie Modak
Bank of Baroda or BoB-backed IndiaFirst Life Insurance is all set to be the third insurance company to file draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) this year, after Life Insurance Corporation and Go Digit Insurance.

The private sector life insurer is likely to file its DRHP this month or early next month and may look to mop up around Rs 1,600 crore to Rs 2,000 crore from its IPO, people aware of the development said. The IPO could be a mix of primary issue and secondary

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First Published: Oct 19 2022 | 7:20 PM IST

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