Go Digit IPO: Virat Kohli And Anushka Sharma's Investment Make 3.6 Times Returns On Go Digit, Check Details Here
Indian cricket legend Virat Kohli and Bollywood actress Anushka Sharma are expected to earn big profits from their investment in Go Digit General Insurance, which they made approximately four years ago. As per the company's official documents, known as the red herring prospectus (RHP), the couple invested in Go Digit in February 2020. Specifically, in January 2020, the renowned cricketer, often referred to as 'King' Kohli, purchased 266,667 share...Read More
Go Digit IPO: Indian cricket legend Virat Kohli and Bollywood actress Anushka Sharma are expected to earn big profits from their investment in Go Digit General Insurance, which they made approximately four years ago. As per the company's official documents, known as the red herring prospectus (RHP), the couple invested in Go Digit in February 2020. Specifically, in January 2020, the renowned cricketer, often referred to as 'King' Kohli, purchased 266,667 shares at a price of Rs 75 per share through a private placement.
Virat Kohli and Anushka Sharma Go Digit IPO Investment
At the upper band of Rs 278, the couple's total investment of Rs 2.5 crore will turn to Rs 9.25 crore- a notional profit of Rs 6.75 crore. As the Go Digit IPO launch date is just around the corner, check the Go Digit IPO, GMP rate, price band, face value, lot size, last date to subscription, Go Digit IPO listing date, and more.
Virat Kohli and Anushka Sharma Go Digit IPO Investment
Go Digit IPO
Go Digit has announced that its Rs 2,615 crore IPO will be open for subscription from May 15-17, with a price band of Rs 258 to Rs 278 per share. The shares are currently trading at a premium of approximately 18% in the grey market.
Considering the upper price band, Kohli's investment would be valued at around Rs 7.4 crore, with the potential for even higher gains if the shares are listed at a premium to the issue price.
Anushka Sharma, Kohli's wife, also invested Rs 50 lakh by purchasing 66,667 shares of the company at Rs 75 per share. At the upper price band, her investment would be worth approximately Rs 1.85 crore. Together, Kohli and Sharma stand to make a notional profit of Rs 5.4 crore and Rs 1.35 crore, respectively, totaling Rs 6.75 crore.
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Overview of Go Digit IPO
| Go Digit IPO Start Date | Wednesday, May 15 |
|---|---|
| Go Digit IPO End Date | Friday, May 17 |
| Go Digit IPO Lot Size | 55 equity shares |
| Face value | Rs 10 |
| Price Band | ?258 to ?272 per equity share |
| Allotment Date of Go Digit IPO | May 21, Tuesday |
| Go Digit IPO Listing Date | Thursday, May 23 |
| Go Digit Group PE Ratio | 46.13x |
All About Go Digit IPO
The Go Digit IPO comprises a fresh issue of shares worth Rs 1,125 crore and an offer for sale (OFS) of 54,766,392 shares. At the upper price band of Rs 272, the OFS would be valued at approximately Rs 1,489.64 crore. Investors can bid for a maximum of 55 equity shares and in multiples of 55 shares thereafter. The IPO allocation has been divided as follows: 75% for qualified institutional buyers (QIB), 15% for non-institutional investors, and 10% for retail investors.
The PE ratio, based on the diluted EPS for 2023, at the upper range of the price band is 680x, compared to the average industry peer group of 46.13x. In the IPO, promoter Go Digit Infoworks and other existing shareholders are offloading stakes, while Kohli and Sharma will remain investors.
Go Digit IPO GMP today
In the grey market, Go Digit IPO shares are already trading at a premium of around Rs 50 or 18% above the offer price range of Rs 258-272.
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What does Go Digit do?
Go Digit General Insurance Limited offers a wide range of insurance solutions, including health, liability, property, marine, travel, and auto insurance policies, along with other insurance products tailored to meet clients' needs. Presently, the company has 74 active products across various business lines.
Its listed peers in the industry include New India Assurance Company Ltd (with a P/E ratio of 38.47x), Star Health and Allied Insurance Company Ltd (with a P/E ratio of 53.79x), and ICICI Lombard General Insurance Company Ltd (with a P/E ratio of 48.14x).
READ ALSO: More Than 400 Years Ago, This Company Launched World's First IPO In The Year 1602
Go Digit IPO: FAQs
Who is the CEO of Go Digit?
Srininvasan Parthasarthy is the Managing Director and Chief Executive Officer of our Company.
Is Go Digit a listed company?
Go Digit is an Unlisted company, and the shares of the company may be available in the private market of India. you would be able to purchase shares through wwipl.com (Subject to availability).
How old is Go Digit insurance company?
Go Digit General Insurance Limited is an unlisted public company incorporated on 07 December 2016.
Who owns Go Digit insurance?
Go Digit Infoworks Services Private Limited
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