Go Digit IPO: At ₹7 crore, Virat Kohli, Anushka Sharma to make multibagger return of 263% on issue launch
Kohli will be earning a profit of ₹5.25 crore, whereas Sharma's profit amounts to ₹1.31 crore. Consequently, the combined profit for the couple is likely to be ₹6.56 crore.
Star couple Virat Kohli and Anushka Sharma are poised to make a significant profit with the upcoming listing of Bengaluru-based insurance startup Go Digit.
Their investment of ₹2.5 crore could see a handsome multibagger return of 263 per cent, with the upper price band set at ₹272. This would elevate the value of their investment to ₹9.06 crore, resulting in a notional profit of ₹6.56 crore.
In January 2020, the Indian cricketer purchased 266,667 shares at a unit price of ₹75 each through a private placement, resulting in a total investment of approximately ₹2 crore.
At the same time, the cricketer's Bollywood actress wife made an investment of ₹50 lakh, purchasing 66,667 shares of the company at ₹75 per share. At the upper price band, the estimated worth of her investment would be approximately ₹1.85 crore.
Kohli will be earning a profit of ₹5.25 crore, whereas Sharma's profit amounts to ₹1.31 crore. Consequently, the combined profit for the couple is likely to be ₹6.56 crore.
Go Digit IPO details
Go Digit on Friday announced that the upcoming ₹2,615 crore IPO would open for subscription on May 15 and close on May 17, with a price band of ₹258 to ₹272 per share.
The IPO includes a fresh issue of shares valued at ₹1,125 crore and an offer for sale (OFS) of 54,766,392 shares. Investors have the opportunity to bid for a maximum of 55 equity shares, with increments of 55 shares thereafter. The IPO allocation reserves 75 per cent for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.
ICICI Securities Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, HDFC Bank Limited, IIFL Securities Limited, and Nuvama Wealth Management Limited are the book-running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.
Go Digit GMP today
The shares of Go Digit are commanding a premium of ₹50 in the grey market. This means that the shares of Go Digit are likely to be listed at ₹322, which is 18.39 per cent higher than the IPO price of ₹272.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
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