Go Digit's IPO is likely to be earmarked for May 21

CoDigit IPO: After debuting on the Indian stock market, CoDigit General Insurance's IPO is all set for allocation. Go Digit's IPO is likely to be scheduled for Tuesday, May 21, 2024. The stock market is closed on Monday as the polling for the Lok Sabha elections is underway in Mumbai, the capital of Maharashtra. The list will be held on May 23 after the allotment process is over on Tuesday. Refunds will be available from May 22. According to media reports, the process of refund of non-issued shares will begin on Wednesday, May 22, 2024. That means the shares will be credited to the demat accounts of the allottees on Wednesday. Market analysts say that the current GMP (Rs 22.50) indicates a decline in terms of activity in the gray market during the last 12 sessions. The lowest GMP in the gray market is Rs.11 and the highest is Rs.70. Shares of Go Digit were trading at a premium of Rs 22.50 in the gray market. Go Digit's IPO was oversubscribed 9.60 times as the Pune-based insurance company raised its initial share sale at Rs. 258-272 held a large volume of 55 stocks. Its IPO opened for subscription on May 15 and closed on May 17. On the first day of subscription, the company raised a total of Rs 2,614.65 crore through the IPO. This includes sale of new shares for Rs 1,125 crore. Overall, the company received 9.60 times subscription from this IPO. Hindustan Zinc has returned 100% multipacker returns in 50 days, Virat-Anushka invested stocks are expected to be bullish in January 2020. According to media reports, in January 2020, Indian cricketer Virat Kohli invested Rs 75 crore through a private placement. He bought 266,667 shares at the stock price. He invested around Rs 2 crore to buy these shares. At the same time, Bollywood actress Anushka Sharma bought 66,667 shares of cricketer Virat Kohli's company at Rs 75 per share and invested Rs 50 lakh. The estimated value of their investment in the higher price group would be around Rs 1.85 crore. Virat Kohli is expected to make a profit of Rs 5.25 crore after this investment, while Sharma's profit is expected to be Rs 1.31 crore. The combined income of these two couples would be Rs 6.56 crore. India becoming world's third largest economy not just a figment: PM Narendra Modi The post Go Digit's IPO may be reserved for May 21 appeared first on Prabhat Khabar.