Indian cricket star Virat Kohli and his Bollywood actress wife Anushka Sharma are poised to reap a lucrative return on their investment in insurance startup Go Digit following its upcoming initial public offering (IPO). The couple had earlier invested a combined ₹2.5 crore in the company, with Kohli acquiring 266,667 shares at ₹75 each and Sharma purchasing 66,667 shares at the same price.
At the upper end of the IPO price band of ₹258-272, Kohli’s investment is projected to surge to ₹9.25 crore, marking a substantial notional profit of ₹6.75 crore. Similarly, Sharma’s initial investment of ₹50 lakh could potentially multiply to approximately ₹1.85 crore, reflecting a remarkable return of 271%.
The forthcoming Go Digit IPO comprises a fresh issue of shares worth ₹1,125 crore and an offer for sale (OFS) of 54,766,392 shares. The IPO is scheduled to open for subscription on May 15 and close on May 17. Allocation for different investor categories includes 75% for qualified institutional buyers (QIBs), 15% for non-institutional investors, and the remaining 10% for retail investors.
In the grey market, Go Digit IPO shares are witnessing a premium of approximately ₹50 or 18% against the offer price. This positive market sentiment underscores the company’s strong fundamentals and growth potential, further bolstering the expectations of a successful IPO for both Kohli and Sharma.
