Bangalore-based insurance startup Go Digit Insurance's initial public offering is set to yield handsome returns for star couple Virat Kohli and Anushka Sharma. The duo having invested a total of Rs 2.5 crore in the company back in 2020, stands to make gain of over 270% with the IPO launch.
At the upper price band of Rs 278, their initial investment of Rs 2.5 crore is poised to escalate to Rs 9.25 crore, resulting in an estimated profit of Rs 6.75 crore.
Kohli, the former Indian cricket team captain, entered the investment fray by purchasing 266,667 shares at Rs 75 each through a private placement, amounting to an initial investment of around Rs 2 crore. With the IPO priced between Rs 258 to Rs 278 per share, the value of Kohli's investment is estimated to soar to approximately Rs 7.4 crore.
(Source: Instagram handle of Go Digit Insurance)
Similarly, actor and producer, Anushka Sharma joined the investment venture by putting in Rs 50 lakh, acquiring 66,667 shares at Rs 75 per share. At the upper price band, her investment is expected to be valued at around Rs 1.85 crore.
The Go Digit IPO, encompassing a fresh issue of shares worth Rs 1,125 crore and an offer for sale of 54,766,392 shares, has already generated significant buzz in the grey market, commanding a premium of around 18%. Bids open from May 15-17.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
