Indian cricket star Virat Kohli and Bollywood actor Anushka Sharma stand to make significant gains from their investment in Go Digit General Insurance, made around four years ago. The couple invested in Go Digit back in February 2020, purchasing shares at Rs 75 each. While Kohli acquired 2,66,667 equity shares worth Rs 2 crore, Sharma bought 66,667 equity shares worth Rs 50 lakhs, totaling an investment of Rs 2.5 crore.
With Go Digit preparing to launch its IPO next week, the celebrity couple is expected to see substantial returns, with estimates suggesting over a 3.6 times increase in their investment. The IPO price band is set between Rs 258 and Rs 272 per share, indicating a potential return of 262% from the issue price.
At the upper end of the price band (Rs 272), Kohli's shares are valued at Rs 7.25 crore, while Sharma's shares are worth Rs 1.81 crore, totaling Rs 9.07 crore. Go Digit aims to raise over Rs 2,600 crore through its IPO, which will be open for subscription from May 15 to May 17.
The company achieved profitability in the financial year 2023-24, reporting a net profit of Rs 35.54 crore with a revenue of Rs 39.19 crore. For the nine months ending December 31, 2023, its net profit was Rs 129.02 crore with a revenue of Rs 130.83 crore.
The IPO is divided, with 75% reserved for qualified institutional bidders (QIBs), 15% for non-institutional investors, and 10% for retail investors. Shares of the company are set to be listed on both BSE and NSE, with a tentative listing date of Thursday, May 23.
