Go Digit IPO: At ₹7 crore, Virat Kohli, Anushka Sharma to make multibagger return of 263% on launch of issue

livemint.com:

₹2.5 crore could see a handsome multibagger return of 263%, with the upper price band set at ₹272. This would elevate the value of their investment to ₹9.06 crore, resulting in a notional profit of ₹6.56 crore. In January 2020, the Indian cricketer purchased 266,667 shares at a unit price of ₹75 each through a private placement, resulting in a total investment of approximately ₹2 crore.

Also read: Go Digit General Insurance IPO announces price band at ₹258-272 per share; check issue size, key dates, more. At the same time, the bollywood actress made an investment of ₹50 lakh, purchasing 66,667 shares of the company at ₹75 per share. At the upper price band, the estimated worth of her investment would be approximately ₹1.85 crore.

Kohli will be earning a profit of ₹5.25 crore, whereas Sharma's profit amounts to ₹1.31 crore. Consequently, the combined profit for the couple is likely to be ₹6.56 crore. Go Digit announced, on Friday, that the upcoming ₹2,615 crore IPO for open for subscription on May 15 and will close on May 17, with a price band of ₹258 to ₹272 per share.

The issue includes a fresh issue of shares valued at ₹1,125 crore and an offer for sale (OFS) of 54,766,392 shares. Investors have the opportunity to bid for a maximum of 55 equity shares, with increments of 55 shares thereafter. The IPO allocation reserves 75% for QIBs (qualified institutional buyers), 15% for non-institutional investors, and the remaining 10% for retail investors.