Akshata Sharma
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Go Digit's IPO was oversubscribed 9.6 times on the final day of bidding, with institutional investors leading the charged.
FYI, Indian cricketer Virat Kohli holds 2,66,667 Go Digit shares, while actor Anushka Sharma owns 66,667 shares, while actor Anushka Sharma owns 66,667 shares in the insurance company.
Despite initial hurdles,including a return of documents by SEBI in 2022, the company persevered and re-filed in January 2023.
IPO Details: A Rs. 2,614.65 crore issue, featuring a mix of fresh equity shares and an offer for sale, priced at Rs. 258-272 per share.
Investor Support: QIBs subscribed 12.56 times, non-institutional investors- 7.24 times and retail investors- 4.27 times, all showing strong interest.
Utilising Funds: Go Digit plans to use the IPO proceeds to bolster business operations and finance upcoming activities, with expectations of enhanced brand visibility post-listing.
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