Virat Kohli and Anushka Sharma are all set to receive a return of 271 percent on their investment worth crores in Go Digit. Here's all you need to know about it before the insurance company's IPO.
Virat Kohli and Anushka Sharma never skip a chance to break headlines, courtesy of being one of the most-loved couples in India. From Virat penning a romantic birthday note for Anushka on her 36th birthday to Anushka cheering for her darling husband during his team, Royal Challengers Bangalore’s match against Gujarat Titans in IPL 2024, they never miss a moment to make each other feel special. Even the slightest update from their life is news of massive interest to their fans across India.
Currently, Virat Kohli and Anushka Sharma are going through one of the most beautiful and stable phases of their lives as they’re parenting their kids, Vamika and Akaay. Apart from their primary income sources that come from their respective professions, Virat and Anushka have generated a lot of money from other sources of income. From brand endorsements to charging huge chunks of money for public appearances to investments, Virat and Anushka are among the most knowledgeable Indian celebrities when it comes to investments and finance.
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Another major income source for Virat Kohli and Anushka Sharma is the money they’ve spent on shares. According to a report in the Hindustan Times, the star couple is all set to get a massive return of 271 percent ahead of the listing of renowned insurance startup, Go Digit General Insurance Limited. For the unversed, at an upper band of Rs. 278, Virat and Anushka’s total investment of Rs. 2.5 crore will be turned into Rs. 9.25 crore with a notional profit of Rs. 6.75 crores.
The ace cricketer, Virat Kohli bought 266,667 shares at a per unit of Rs. 75 back in January 2020, during a private placement. Virat’s total investment in Go Digit General Insurance Limited was around Rs. 2 crore. Going into the details of Anushka Sharma’s investment, she purchased 66,667 shares of the insurance statup, which was worth Rs. 50 lakhs. At the upper price band of Rs. 278, the value of Anushka’s investment would be around the massive sum of Rs. 1.85 crores.
Virat Kohli and Anushka Sharma together invested a sum of Rs. 2.5 crores, and if we combine their returns at the upper end of the price band, their total reached the staggering mark of Rs. 9.07 crores. For the unversed, Go Digit General Insurance Limited is an emerging name in the insurance space. The company promoters include Prem Watsa’s Fairfax Group, Go Digit Infoworks, and Oben Ventures LLP.
As soon as the figures of the returns Virat Kohli and Anushka Sharma are making with their investment in Go Digit General Insurance Limited were made public, people were curious to know about the company’s background. Well, if you’re one of them, then don’t worry, we got you covered. Go Digit General Insurance Limited is an insurance company which was founded back in 2016 by Kamesh Goyal.
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After just three years, it was in 2020 when Kamesh Goyal and around 180 individual shareholders agreed to make Virat Kohli their company’s brand ambassador. The decision was a masterstroke by Go Digit General Insurance Limited, as Virat Kohli invested a sum of Rs. 2 crore in the company. Not only this, Virat’s presence as the company’s brand ambassador skyrocketed its popularity in the insurance space. The company is once again in the headlines after it announced that they’re aiming to raise over Rs. 2,600 crores through its IPO, which will be open for subscription from May 15 to May 17.
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The anticipation for Go Digit General Insurance Limited is quite high, and as per multiple market observers, it is commanding a premium of Rs. 65 in the grey market. The IPO aims to raise over Rs. 2,615 crores, leading per share price band from Rs. 258 to Rs. 272. Talking about the company’s profitability in the FY 2023-2024, Go Digit reported a net worth of Rs. 35.54 crores with revenue around an estimated sum of Rs. 39.19 crores. Not only this, for the nine months ending December 31, 2023, it made a revenue of Rs 130.83 crore. Courtesy of such figures, the buzz around Go Digit General’s IPO is so high in the general public.
What are your thoughts on Go Digit General Insurance’s IPO? Would you like to buy its shares like the celebrity couple Virat Kohli and Anushka Sharma? Let us know.
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