Go Digit IPO: Virat Kohli, Anushka Sharma's investment to yield 271% return! Deets inside

The listing of insurance company Go Digit is expected to result in a 271% return for Anushka Sharma and Virat Kohli next week. The couple's ₹2.5 crore total investment will yield ₹9.25 crore, or a hypothetical profit of ₹6.75 crore, at the highest band of ₹278%. Virat Kohli invested approximately ₹2 crore in the company in January 2020 by purchasing 266,667 shares at a price of ₹75 per share through a private placement.

Anushka's triuph! 

Concurrently, Anushka Sharma made an additional ₹50 lakh investment by purchasing 66,667 firm shares at a price of ₹75 each. The worth of her investment would be around ₹1.85 crore at the higher price range. Go Digit IPO shares are already fetching a premium of about ₹50, or 18%, on the gray market compared to the offer price of ₹258–272.

IPO's win win

The Go Digit IPO consists of an offer for sale (OFS) of 54,766,392 shares and a new share issue valued at ₹1,125 crore. Bids for equity shares may be placed by investors in multiples of 55 shares up to a maximum of 55 equity shares. 10% of the IPO is allocated to ordinary investors, 15% to non-institutional investors, and 75% to qualified institutional buyers (QIBs).

The Go Digit General Insurance Limited initial public offering (IPO) price band is set at ₹258 to ₹272 per equity share, with a face value of ₹10. The IPO's subscription period will begin on May 15 and end on May 17.