Virat Kohli And Anushka Sharma Set To Make 271% Return In GO Digit IPO

Star couple Virat Kohli and Anushka Sharma are on track to make a substantial profit of 271 per cent as Bengaluru-based insurance startup Go Digit prepares for its initial public offering (IPO) next week.

Their investment in Go Digit, which totals Rs 2.5 crore, is expected to yield a notional profit of Rs 6.75 crore as the company goes public with an upper price band set at Rs 278 per share, according to a media report.

In January 2020, Kohli purchased 266,667 shares of Go Digit at Rs 75 per share, amounting to an investment of approximately Rs 2 crore.

Go Digit's Rs 2,615 crore IPO is scheduled to 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 an 18% premium in the grey market.

At 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 also invested Rs 50 lakh in Go Digit by purchasing 66,667 shares 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, totalling Rs 6.75 crore.

The Go Digit IPO consists of 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. Qualified institutional buyers (QIB) will get 75 per cent allocation in the IPO, whereas non- institutional investors, and retail investors will share 15 per cent and 10 per cent reservation in the issue.

Promoter Go Digit Infoworks and other existing shareholders are offloading stakes in the IPO, while Kohli and Sharma will remain investors.