Virat Kohli and Anushka Sharma to gain 263 Percent return, making ₹7 crore investment in Go Digit IPO

Virat Kohli and Anushka Sharma to gain 263 Percent return, making ₹7 crore investment in Go Digit IPO/ANI

VoM News Desk | May 10, 2024 | 06:42 PM IST | Breaking News | Follow on Google News

Virat Kohli and Anushka Sharma to gain 263 Percent return, making ₹7 crore investment in Go Digit IPO

Virat Kohli and Anushka Sharma to gain 263 Percent return, making ₹7 crore investment in Go Digit IPO

Key Highlights:

1. Star couple invested ₹2.5 crore in Bengaluru-based Go Digit.
2. Upper price band of ₹272 could yield a 263% return.
3. Kohli’s profit estimated at ₹5.25 crore, while Sharma’s at ₹1.31 crore.

Star couple Virat Kohli and Anushka Sharma are set to reap substantial profits with the impending listing of Bengaluru-based insurance startup Go Digit. Their combined investment of ₹2.5 crore is expected to yield a multibagger return of 263%, with the upper price band of the IPO set at ₹272. This would translate to a remarkable appreciation in the value of their investment, reaching ₹9.06 crore and resulting in a staggering notional profit of ₹6.56 crore.

In January 2020, Kohli, the Indian cricket icon, acquired 266,667 shares of Go Digit through a private placement at ₹75 per share, amounting to an investment of approximately ₹2 crore. Similarly, Sharma, the Bollywood actress, invested ₹50 lakh in the company, purchasing 66,667 shares at the same unit price. At the upper price band, Kohli stands to gain ₹5.25 crore, while Sharma’s profit is estimated at ₹1.31 crore, culminating in a combined profit of ₹6.56 crore for the power couple.

The upcoming ₹2,615 crore IPO of Go Digit is scheduled to open for subscription on May 15 and close on May 17, with a price band ranging from ₹258 to ₹272 per share. The issue comprises a fresh issue of shares worth ₹1,125 crore and an offer for sale (OFS) of 54,766,392 shares. The IPO allocation reserves 75% for QIBs, 15% for non-institutional investors, and 10% for retail investors.

Go Digit shares are currently commanding a grey market premium of ₹50, indicating investor optimism and a potential listing price of ₹322, which is 18.39% higher than the IPO price of ₹272.

Source: Mint

VoM News Desk

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