Go Digit announces IPO price band at Rs 258-272 per share; total issue size at Rs 2,614 cr

Virat Kohli and Anushka Sharma backed Go Digit General Insurance IPO is set to open for subscription on May 15. The price band of the public offer is fixed at Rs 258-272 per share and the company is likely to raise Rs 2,538 crore at the lower end of the price band and Rs 2,614 crore at the upper band.

In 2020, cricketer Virat Kohli bought 2.67 lakh shares of the company for Rs 2 crore while actress wife Anushka Sharma invested 50 lakh through a private placement. They are not selling their stake in this public issue. The Prem Watsa-backed insurance company includes a fresh issue of shares worth Rs 1,125 crore and an offer-for-sale (OFS) of up to 5.48 crore shares, by its promoters and existing shareholders.

According to the Red Herring Prospectus (RHP), anchor investors will be able to place their bids on May 14. The lot size may be around 55 shares and in multiple of that hereafter. The IPO for Go Digit received a go-ahead in March 2024 after delays over multiple compliance issues.

Also Read: Go Digit IPO to open for bids on May 15, close on May 17