Three companies file papers to raise Rs 7,500 cr as buzz returns to IPO market Mumbai: The activity in the primary market has picked up of late boosted by the rebound in equities in the past two months. Go Digit General Insurance, Concord Biotech, an Ahmedabad-based firm backed by RARE Enterprises, and Kolkata-based Balaji Solutions have filed their draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI), on Tuesday to launch initial public offerings. These three companies could collectively raise around ₹7,500 crore through IPOs.While Prem Watsa''s Fairfax-backed Go Digit General Insurance''s IPO is expected to be of around ₹5,000 crore, Concord Biotech and Balaji Solutions are likely to raise ₹2,000 crore and ₹400 crore, respectively.So far in 2022, about 63 companies have filed draft papers with Sebi, while 17 companies, including LIC, have raised about ₹41,140 crore from the IPOs. About 71 companies which have received Sebi approval are waiting for a better time to launch IPOs.The public issue of Go Digit General Insurance, a digital full-stack non-life insurance company, consists of a fresh issue of shares worth up to ₹1,250 crore and an offer-for-sale (OFS) of up to 10.94 crore shares by the promoter and shareholders.93603839In July last year, Digit, one of the first unicorns of 2021, had raised $200 million from existing as well as new investors Faering Capital, Sequoia Capital India and IIFL Alternate Asset Managers, at a valuation of $3.5 billion.