GMP IPO Launch: Gray Market Booms on Day One

GMP IPO

GMP IPO: Right now if you are looking to invest in stock market IPOs then there is a good news for you. Go Digit Company’s IPO will soon be open for investment. Virat Kohli and Anushka Sharma also invested in the company. The price band for the IPO shares of Go Digit Company has been fixed between Rs 258 and Rs 272. (Go Digit Company Part)

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Virat Kohli and Anushka Sharma are likely to get 263 percent profit on their investment in Go Digit Company. Virat Kohli has invested 2.5 crore rupees in Go Digit company. If this stock is listed in the stock market at the upper price band i.e. Rs 272, the value of Virat’s investment will be Rs 9.06 crore on the day of listing. At the same time, Anushka Sharma invested Rs 50 lakh in Go Digit General Insurance Company. There is news that both of them will not reduce their stake through IPO.

GMP IPO of Go Digit

The IPO of Go Digit General Insurance Company will be opened for investment from 15th May 2024 to 17th May. The company has placed 55 shares in its IPO lot. This will require investors to deposit Rs 14,960 to purchase at least one lot. The shares of this company will be allotted on May 21. and will be listed on the stock market on May 23.

Go Digit Company promoter Go Digit Infoworks and other shareholders will sell their share capital in the open market through IPO. FML Corporation holds 45.30 percent share capital in Go Digit Company. At the same time, Kamesh Goyal and Oben Ventures LLP hold 14.96 percent and 39.79 percent share capital of the company, respectively.

The IPO stock of Go Digit General Insurance Company is trading at a premium of Rs.50 in the gray market. That means the stock can be listed at Rs 322 based on the price band and gray market price. That means investors will get 18.38% profit from Go Digit IPO on the first day.

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