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When the issue launches, Virat Kohli and Anushka Sharma will make a multibagger return of 263% at ₹7 crore.

Virat Kohli and Anushka Sharma will make return of 263% at ₹7 crore.

When the issue launches, Virat Kohli and Anushka Sharma will make a multibagger return of 263% at ₹7 crore.

Star duo Virat Kohli and Anushka Sharma stand to gain a great deal from the impending offering of Go Digit, an insurance startup based in Bengaluru.

With an upper price band established at ₹272, their ₹2.5 crore investment might yield a hefty multibagger return of 263%. As a result, their investment would be worth ₹9.06 crore, generating a ₹6.56 crore notional profit.

The Indian cricket player invested almost ₹2 crore in January 2020 when he bought 266,667 shares through a private placement at a price of ₹75 per share.

The Bollywood actress invested ₹50 lakh at the same time to buy 66,667 shares of the business at a price of ₹75 each. Her investment would be projected to be worth about ₹1.85 crore at the higher pricing band.

Compared to Sharma, who stands to get ₹1.31 crore, Kohli stands to gain ₹5.25 crore. As such, the couple's joint profit is probably going to be ₹6.56 crore.

Details of the Go Digit IPO

Go Digit declared on Friday that the ₹2,615 crore initial public offering (IPO) will begin accepting subscriptions on May 15 and end on May 17. The shares will be priced between ₹258 and ₹272 each.

The offering for sale (OFS) of 54,766,392 shares and a new issue of shares valued at ₹1,125 crore are included in the issue. Bidders may purchase up to 55 equity shares, with further 55 shares available in increments of 55 shares. Ten percent goes to ordinary investors, fifteen percent goes to non-institutional investors, and seventy-five percent is set aside for QIBs (qualified institutional buyers).

The registrars for the offer are Link Intime India Private Limited, ICICI Securities Limited, HDFC Bank Limited, Axis Capital Limited, IIFL Securities Limited, Nuvama Wealth Management Limited, and Morgan Stanley India Company Private Limited. It is planned that the Equity Shares be listed on the NSE and BSE.

Now, use Digit GMP.

In the gray market, the shares of Go Digit are fetching a ₹50 premium. This indicates that Go Digit's shares are probably going to list at ₹322, which is 18.39% more than the ₹272 IPO price.

A "grey market premium" denotes the willingness of investors to part with more money than the issue price.

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