Go Digit General Insurance Limited’s IPO is going to be released soon. The company deals in providing other types of insurance apart from life insurance. These include health insurance, property, marine, travel, and other types of insurance. The company will open its IPO from 15 May to 17 May. However, Cricketer Virat Kohli and his Wife Anushka Sharma bought some shares in the company some time ago. As per the details, Virat Kohli and Anushka Sharma have a high chance to make their shares multi-bagger with 263% returns on their investment with this IPO.
Go Digit General Insurance Limited IPO Can Benefit Virat Kohli And Anushka Sharma With Upto 263% Returns
Go Digit General Insurance Limited IPO will benefit the investors Virat Kohli and Anushka Sharma. The couple invested separately buying the shares at Rs. 75 per share. Cricketer Virat Kohli invested Rs. 2 Crores for 266,667 shares. While Anushka Sharma invested Rs. 50 Lakhs for 66,667 shares. They invested a total of Rs. 2.5 Crores. As per the details, its worth can go up to Rs. 6.56 Crores, giving a return of 263%.
Virat Kohli and Anushka Sharma brought the shares for Rs. 75 per share. It is expected to be available at a price band of a maximum of Rs. 272 per share. It will be beneficial for both. The company is going to release its IPO from this Wednesday to Friday. The shares will be available at a face value of Rs. 10 per share with a price band between Rs. 258 to Rs. 272 per share. Every investor would be able to buy in the lot size of 55 shares.
Go Digit will have both offers for sale and fresh equity shares. The offer for sale will be 54,766.392 shares. While the fresh equity shares will be 54,766,294 shares worth Rs. 1,489.65 Crores at Rs. 10 face value. The company will be listed at both NSE and BSE. There will be several categories of the IPO available. They will be QIB, Retail, and NII. The refunds will be initiated on 22 May 2024. Apart from that, it expects to list on 23 May 2024.
If we talk about the financials, the company is doing well. It has recovered from the losses. Touching the breakthrough last year, it increased its profits manifold in the financial year, 2023-24. We hope you get enough details about Go Digit’s upcoming IPO and its investors above. Stay tuned for more information on our website.