Go Digit investment made by Anushka Sharma and Virat Kohli rises thrice as the company prepares for an IPO

Go Digit investment made by Anushka Sharma and Virat Kohli rises thrice as the company prepares for an IPO

At the top end of the pricing range, Anushka Sharma's 66,667 shares are valued at Rs 1.81 crore, while Virat Kohli's entire shares are valued at Rs 7.25 crore, making the whole investment worth Rs 9 crore.

Currently, the company's business lines include 74 active goods that it has released.

A question that investors have on their minds as Go Digit General Insurance's Rs 2,614-crore initial public offering (IPO) approaches on May 15 is: How much money has celebrity couple Virat Kohli and Anushka Sharma earned from their investment in the firm since February 2020?

Calculations suggest that the pair may have invested over four times as much in Go Digit, even though they are still holding shares as the business prepares for a public offering.

According to the red herring prospectus (RHP) of the insurance firm, superstar cricketer Virat Kohli invested a total of Rs 2 crore for 266,667 equity shares in Go Digit at a price of Rs 75 apiece. With the actor Anushka Sharma purchasing 66,667 shares for Rs 50 lakh, the couple's stake now stands at Rs 2.5 crore.

Given that the general insurance business set the price range at Rs 258–272 each item, it is possible that investments made by Anushka Sharma and Virat Kohli climbed by 262 percent at the higher end of the range. Anushka Sharma's shares would be valued at Rs 1.81 crore, while Virat Kohli's shares would be for Rs 7.25 crore, making the entire investment worth Rs 9 crore.

In the impending IPO, none of the two is selling their shares

The public offering of the insurance firm supported by Prem Watsa consists of a new share offering valued at Rs 1,125 crore and an offer-for-sale (OFS) of up to 5.48 crore shares, with the founders and current shareholders contributing a total of Rs 1,489.65 crore.

Go Digit is an insurance company that was founded in December 2016 and offers a range of products, including property, health, and travel insurance. 74 active goods have been introduced by the firm across all of its business segments.

Sports stars and other celebrities have made investments in businesses that have finally gone public before. The Sachin Tendulkar-backed Azad Engineering made its market debut in December 2023. The iconic cricket player's stake in the business saw six-fold increase after the stock's phenomenal IPO. In March 2023, the legendary cricket player bought 4.3 lakh shares of the firm for Rs 114.10 each. The stock debuted at Rs 720 on the bourses on December 28.