In February 2020, Indian cricket player Virat Kohli made a significant investment in Go Digit general insurance, with 266,667 equity shares at INR 75 each, totaling ₹INR 2 crore. Actress Anushka Sharma, Virat’s wife, also made an investment in the business, paying INR 50 lakh for 66,667 shares.
On May 23, 2024, Go Digit went public. The company’s initial public offering (IPO) included a new issuance valued at INR 1,125 crore and an offer to sell up to 5.48 crore shares, generating ₹1,489.65 crore. Strong demand for the IPO resulted in 9.6 subscriptions overall, with individual investors subscribing 4.27 times, non-institutional investors 7.24 times, and qualified institutional buyers (QIBs) 2.56 times.
In particular, the value of Kohli’s stake increased when Go Digit’s stock price surpassed ₹300 per share following the successful IPO listing. His ₹2 crore investment increased to approximately INR ₹8 crore at a price of ₹300 per share, according to Hindustan Times, while Anushka’s shares increased to ₹2 crore.
Stocks fell 25%, but Virat Kohli is still going strong.
However, throughout the past six months, the stock market has experienced significant volatility, with share values of numerous firms, including Go Digit, experiencing a decrease. Over the last 180 days, the company’s stock has fallen by about 25%, causing investor portfolios to shift. Kohli’s net worth would have been impacted by this decline if he had kept his shares.
The approximate value of Kohli’s shares would now be roughly ₹6 crore rather than ₹8 crore, given a 25% decline from its high. Compared to its maximum estimate after listing, this corresponds to an approximate notional loss of ₹2 crore. His investment has long-term worth since, even with this decline, it still yields a healthy profit when compared to the initial purchase price.
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