Virat Kohli-backed Go Digit debuts at 5% premium over IPO price

Virat Kohli-backed Go Digit listed at ₹286- a premium of 5.14 per cent over the issue price of ₹272 in line with grey market estimates.

Updated on: May 23, 2024, 10:09:15 IST

By HT News Desk

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Go Digit IPO: Virat Kohli-backed Go Digit IPO made a muted debut on the stock exchanges today (May 23) as it listed at ₹286- a premium of 5.14 per cent over the issue price of ₹272 in line with grey market estimates where shares were trading at a premium of 3 per cent. The issue was subscribed 9.6 times receiving bids for 50.76 crore shares against 5.28 crore shares- subscribed 4.27 times in the retail category, 7.24 times by Non-institutional investors and 2.56 times by qualified institutional buyers (QIBs).

Go Digit IPO: The Virat Kohli-backed issue consists of a fresh equity issue of ₹1,125 crore and an offer for sale (OFS) of up to 5.47 crore shares. (AFP)

Read more: Go Digit IPO allotment to be out: How to check status on Link Intime

The insurance provider- incorporated in December 2016- offers various products such as health, travel and property insurance. The company has launched a total of 74 active products across all its business lines, it said.

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HT News Desk
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Virat Kohli-backed Go Digit debuts at 5% premium over IPO price

Virat Kohli-backed Go Digit listed at ₹286- a premium of 5.14 per cent over the issue price of ₹272 in line with grey market estimates.

Read more: Go Digit IPO: Virat Kohli, Anushka Sharma to get 271% return. Their profit will be…

Read more: Go Digit IPO allotment to be out: How to check status on Link Intime