Go Digit IPO to open on May 15: Check price band, issue size, GMP
Indian cricketer Virat Kohli and his actress wife Anushka Sharma are shareholders in Go Digit, as indicated in the RHP.
In Short
- Virat Kohli and Anushka Sharma are shareholders
- Price band for IPO is Rs 258 to Rs 272 per share
- Shares to be listed on BSE and NSE on May 23, 2024
The initial public offering (IPO) of Go Digit General Insurance Limited is set to open on Wednesday, May 15, aimimg to raise Rs 2,614.65 crore.
Indian cricketer Virat Kohli and his actress wife Anushka Sharma are shareholders of the company, as indicated in the RHP.
The former India men's cricket team captain purchased 2,66,667 equity shares at Rs 75 per share, investing Rs 2 crore in February 2020.
Anushka Sharma acquired 66,667 equity shares at the same price, amounting to an investment of Rs 50 lakh in the company.
Key points to know about the IPO of Go Digit
Subscription period: The IPO of Go Digit is open for subscription from May 15 until May 17, 2024.
Price band: The price range for the Go Digit IPO is set at Rs 258 to Rs 272 per equity share.
Fundraising target: The company aims to raise Rs 2,614.65 crore through this IPO, with a fresh issue of 4.14 crore shares and offer for sale of 5.48 crore shares.
Issue division: The IPO is a mix of a new issue of 41,360,294 shares amounting to Rs 1,125 crore and an offer for sale of 54,766,392 shares, totalling to Rs 1,489.65 crore.
Lot size: Individual investors can apply for the Go Digit IPO in lots, with each lot consisting of 55 company shares.
Allotment date: Finalisation of share allocation for the IPO is expected on May 21, 2024.
Listing date: The shares of Go Digit will list on stock exchanges on May 23, 2024.
Registrar: Link Intime India Private Ltd is the registrar for the issue of Go Digit IPO.
Listing platforms: The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Grey market premium (GMP): The latest Grey Market Premium (GMP) for the Go Digit IPO is Rs 50 as of May 10, 2024 at 8:28 AM.
Established in December 2016, Go Digit General Insurance Limited provides a range of insurance services including motor, health, travel, property, marine, liability insurance, and more. Customers have the flexibility to tailor these products to suit their individual requirements.