Virat Kohli and Anushka Sharma backed Go Digit went live on the bourses on May 23. The stocks of the company were listed at Rs 286 per piece, a premium of 5% to the issue price.
Go Digit opened its IPO on May 15 to investors. The issue raised Rs 2,614.65 crore by offering 96.2 million shares via a combination of fresh issues as well as an offer for sale. The issue was closed on May 17. The company set the price band in a range of Rs 258 to 272 per equity share. A retail buyer needs to invest at least Rs 14,960 or buy 55 shares. The NIIs need to bid for a minimum of 14 lots containing 770 shares amounting to Rs 2,09,440.
Virat and Anushka’s investment
The Indian cricketer Virat Kohli bought 26,667 equity shares of Go Digit through a private placement on February 14, 2020. While Virat’s better half – Anushka Sharma – owns 66,667 shares in the company.
About Go Digit
Go Digit General Insurance is an insurance-providing company that offers motor insurance, travel insurance, property insurance, and many other insurance products. The customers can customise these products according to their needs. As of now, the company has launched a total of 74 active products across all its business segments.
Book Runners and Registrar
Morgan Stanley India Company, ICICI Securities, HDFC Bank, IIFL Securities, Axis Capital, and Nuvama Wealth Management were the book-running lead managers. Link Intime India has been chosen as the registrar for the issue.