In a development that has intrigued not only the financial markets but also the fans of one of India’s most famous couples, cricket superstar Virat Kohli and Bollywood actress Anushka Sharma are on the cusp of garnering a colossal return of 271% from their investment in Go Digit Insurance. The Bengaluru-based insurance tech-startup is geared up to make its stock market debut next week, casting a spotlight on its notable investors.
Virat Kohli, lauded for his astute on-field decisions, seems to have translated his strategic nous into savvy investment choices. In January 2020, Kohli acquired 266,667 shares of Go Digit at the unit price of Rs 75 through what was a private placement. His investment of approximately Rs 2 crore at the time is now valued at nearly Rs 7.4 crore, considering the upper price band of the forthcoming Initial Public Offering (IPO).
This anticipated IPO, looking to raise about Rs 2,615 crore, is scheduled for subscription between May 15-17 with set price parameters in the range of Rs 258 to Rs 278 per share. Early indicators such as grey market trading already suggest a healthy 18% premium on the proposed price band, hinting at a prosperous outset for the company’s public shares.
The implications of this hefty valuation are enormous for Anushka Sharma as well, who also struck a deal at the same share price as her husband, purchasing a lesser but substantial 66,667 shares for a total of Rs 50 lakh. As the IPO inches closer, Sharma’s initial investment is predicted to balloon to an estimated Rs 1.85 crore at the upper band of the offering price.
Combined, the couple’s earnings from the Go Digit shareholdings look exceptionally promising; Virat and Anushka are reputed to rake in a tidy sum of Rs 6.75 crore in potential profits post-IPO. With Virat Kohli expected to profit by Rs 5.4 crore and Anushka Sharma by Rs 1.35 crore, their financial windfall speaks to a successful foray into the flourishing world of startup investments.
Go Digit’s entry into the stock market is emblematic of the expanding landscape of Indian startups seeking public capital to fuel their growth ambitions. The company’s successful fundraise through its IPO will not only enrich its early backers but also encourage more participation from retail and institutional investors alike, looking to capitalize on the growth trajectory of India’s digital insurance sector.
The market is abuzz with anticipation, with retail investors keeping a close watch on the Go Digit Insurance IPO, hoping to identify and possibly partake in India’s next big success story. However, the rhythmic chants from cricket stands and the buzz of Bollywood paparazzi are equally prevalent, as fans are caught in the excitement of their adored couple’s financial inning.
As Virat Kohli continues to smash records on the cricket field and Anushka Sharma captivates audiences on the silver screen, the duo is proving that their team is formidable not just in terms of entertainment but also in the strategic world of investments. As the nation awaits the opening bell of Go Digit’s IPO, the earnings report of this power couple will be watched with as much fervor as any blockbuster release or cricket final.
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