ixigo ipo

 

ixigo IPO allotment in focus today; latest GMP, key dates, step-by-step guide to check status

xigo IPO share allotment will be finalised today. Investors can check the allotment status on the registrar's portal. The IPO subscription was 98.34 times oversubscribed. Refund process for unallotted shares starts on Friday.

ixigo IPO allotment date: The ixigo IPO share allotment will be finalised today (Thursday, June 13). The investors who have applied for the issue can check ixigo IPO allotment status today on ixigo IPO registrar's portal, which is Link Intime India Private Ltd. The ixigo IPO commenced subscription on Monday, June 10, and ended on Wednesday, June 12. On the final day of bidding, ixigo IPO subscription status was 98.34 times.

Investors can check the allocation basis to see if they have been allotted shares. The IPO allotment status also indicates the number of shares awarded. The corporation will begin the return procedure for applicants who were not issued shares. Shares will be transferred to the chosen beneficiaries' demat accounts.

The initiation of the refund process will start on Friday, June 14, for individuals not given shares. Those allotted will receive their shares in their demat accounts on Friday.

ixigo IPO listing date is scheduled for Tuesday, June 18.

ixigo IPO details

The Gurugram-based ixigo IPO is a combination of a new issue of equity shares worth ₹120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares worth ₹620 crore by existing shareholders at the top end of the price band. This equates to a public offering of ₹740 crore.

The fresh issue's proceeds of ₹45 crore will be used to fund the company's working capital requirements, while ₹26 crore will be used for investments in technology and data science, such as cloud and server hosting, artificial intelligence and customer engagement. In addition, funds will be utilised to support inorganic expansion through acquisitions as well as general business objectives.

ixigo IPO GMP price today

ixigo IPO GMP today or grey market premium is +36. This indicates ixigo IPO share price were trading at a premium of ₹36 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, ixigo IPO expected listing price was indicated at ₹129 apiece, which is 38.71% higher than the IPO price of ₹93.'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of fundfortress.in fundfortress.com blogWe advise investors to check with certified experts before making any investment decisions.

        

Go Digit share price

 

Go Digit listing: Virat Kohli, Anushka Sharma's Rs 2.5-cr investment turns into Rs 10 cr

With Go Digit share price exceeding Rs 300, Virat Kohli's Rs 2 crore investment has surged to Rs 8 crore, and Anushka Sharma’s investment has appreciated to Rs 2 crore.

Go Digit listing: Virat Kohli, Anushka Sharma's Rs 2.5-cr investment turns into Rs 10cr

Go Digit General Insurance's stock market debut on May 23 has delivered multi-bagger returns for celebrity couple Virat Kohli and Anushka Sharma, who invested in the insurer in February 2020.

With the company's share price crossing the Rs 300 mark, the couple's investment has grown four-fold while they continue to hold their shares in the company.

Ace cricketer Virat Kohli purchased 266,667 equity shares in Go Digit at Rs 75 each, totalling an investment of Rs 2 crore, according to the insurance company's red herring prospectus (RHP). Actor Anushka Sharma acquired 66,667 shares for Rs 50 lakh, bringing the couple’s combined investment to Rs 2.5 crore.

With the share price exceeding Rs 300, Virat Kohli's Rs 2 crore investment has surged to Rs 8 crore, and Anushka Sharma’s investment has appreciated to Rs 2 crore. Combined, their shares are now worth Rs 10 crore.

The Prem Watsa-backed insurance company's public issue comprised a fresh issue of shares worth Rs 1,125 crore and an offer-for-sale (OFS) of up to 5.48 crore shares, aggregating Rs 1,489.65 crore by its promoters and existing shareholders.

Incorporated in December 2016, Go Digit offers a diverse range of insurance products, including health, travel, and property insurance. The company has launched a total of 74 active products across all its business lines.

A day before its issue opened on May 14, the insurance company, backed by Fairfax, secured approximately Rs 1,176 crore from anchor investors. These investors included Fidelity, the Abu Dhabi Investment Authority (ADIA), and hedge fund Bay Pond Partners. The company allocated 4.32 crore equity shares to 56 funds for Rs 272 each, the upper price band.

This isn't the first instance of sports stars or celebrities investing in companies that later went public. In December 2023, Sachin Tendulkar-backed Azad Engineering debuted on the bourses. The cricket icon’s investment in the company increased six-fold following the stock's stellar listing. Tendulkar acquired 4.3 lakh shares at Rs 114.10 each in March 2023, and the stock listed on December 28 at Rs 720.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of fundfortress.com blog. We advise investors to check with certified experts before making any investment decisions.

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