Go Digit, an IPO backed by Virat Kohli and Anushka Sharma opened on May 15 to investors. The issue will raise Rs 2,614.65 crore by offering 96.2 million shares via a combination of fresh issues as well as an offer for sale. The issue will close on May 17.
Subscription on Day 1
Go Digit’s IPO got subscribed a total of 0.36 times, out of which, the retail segment got 1.47 times more bidding than the offered shares.
Price Band
The company set the price band in a range of Rs 258 to 272 per equity share.
Virat and Anushka’s investment
The Indian cricketer Virat Kohli bought 26,667 equity shares of Go Digit through a private placement on February 14, 2020. While Virat’s better half – Anushka Sharma – owns 66,667 shares in the company.
Allotment and Listing
The allotment of Go Digit’s shares is expected to finalise on May 21. Its listing tentatively is fixed on May 23.
Minimum Investment
A retail buyer needs to invest at least Rs 14,960 or buy 55 shares. The NIIs need to bid for a minimum of 14 lots containing 770 shares amounting to Rs 2,09,440.
Book Runners
Morgan Stanley India Company, ICICI Securities, Axis Capital, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers.
Registrar
Link Intime India has been chosen as the registrar for the issue.
