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- Go Digit Listing: Virat Kohli, Anushka Sharma’s Rs 2.5 cr Investment In Go Digit Turns Rs 10 Cr
Mumbai6 hours ago
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Virat Kohli and Anushka Sharma invested ₹2.5 crore in Go Digit in February 2020.
The value of celebrity couple Virat Kohli and Anushka Sharma’s investment of ₹2.5 crore in Go Digit General Insurance Limited has increased to ₹10 crore today. Virat-Anushka made this investment in Go Digit in February 2020.
Actually, Go Digit has been listed in the stock market today on Thursday (23 February). The company’s shares were listed at ₹286, up 5.15% from its IPO price of ₹272, after the market opened in the morning.
Go Digit shares closed at ₹305
Now its shares closed at Rs 305 with a rise of 6.87%. Virat-Anushka still retain the shares of the company, due to which their investment has increased four times. That means the company’s shares have given them multibagger returns.
Virat had invested Rs 2 crore in Go Digit.
According to the Red Hearing Prospectus or RHP of the insurance company, cricketer Virat Kohli had purchased 266,667 equity shares of Go Digit at Rs 75 per share, that is, he had invested a total of Rs 2 crore.
Virat had purchased 2,66,667 equity shares of Go Digit at Rs 75 per share.
Anushka had invested Rs 50 lakh in Go Digit.
Whereas Bollywood actress Anushka Sharma also bought 66,667 shares of Go Digit for Rs 50 lakh. Accordingly, the couple had invested a total of Rs 2.5 crore in the company.
With the share price of Go Digit rising above Rs 300, the value of Virat’s investment of Rs 2 crore has increased to Rs 8 crore. At the same time, the value of Anushka’s investment of Rs 50 lakh has increased to Rs 2 crore. Accordingly, the value of the couple’s shares has now become Rs 10 crore.
The company’s IPO opened on May 15 and closed on May 17.
The initial public offer (IPO) of Bengaluru-based insurtech start-up Go Digit General Insurance was opened for public subscription on May 15 and closed on May 17.
The company raised ₹2,614.65 crore through the issue
According to the draft prospectus, the company has raised ₹2,614.65 crore through this issue. For this, the company had issued new shares worth ₹ 1,125 crore. Whereas 5.48 crore shares worth ₹1,489.65 crore were sold by the existing investors of the company through Offer for Sale i.e. OFS.
Through the IPO, promoter Go Digit Infoworks and other existing shareholders have sold their stake. The company had fixed the IPO price band at ₹258-₹272 per share.
Company raised Rs 1,176 crore from anchor investors
A day before the issue opened, the Fairfax-backed insurance company had raised about Rs 1,176 crore from anchor investors. These investors included Fidelity, Abu Dhabi Investment Authority (ADIA) and hedge fund Bay Pond Partners. The company had sold 4.32 crore equity shares to 56 funds at the upper price band of Rs 272 per share.
Go Digit was founded in December 2016
Established in December 2016, Go Digit offers a diverse range of insurance products including health, travel and property insurance. The company has launched a total of 74 active products across all its business lines.
