Did Virat Kohli lose ₹2.6 crore in stock market crash? Here’s what we need to know

Investment details by Kohli and Sharma

Indian cricket superstar Virat Kohli made a vital investment in Go Digit general insurance in February 2020, gaining 266,667 equity shares at INR 75 each, counting an investment of ₹INR 2 crore. Virat's wife, actress Anushka Sharma, also invested in the company, purchasing 66,667 shares for INR 50 lakh. 

Go Digit's IPO launch and subscription details

Notably, Go Digit went public on May 23, 2024, with its IPO broading a fresh issue worth INR ₹1,125 crore and an offer-for-sale of up to 5.48 crore shares producing ₹1,489.65 crore. The IPO was met with strong claim, subscribed 9.6 times overall, including 4.27 times in the retail section, 7.24 times by non-institutional investors, and 2.56 times by qualified institutional buyers (QIBs), respectively.

Post-IPO stock surge and investment growth

With the successful IPO listing, Go Digit’s stock price rised past ₹300 per share, specifically expanding the value of Kohli’s investment. As per Hindustan Times, ₹300 per share, his ₹2 crore investment grew to the range of around INR ₹8 crore, while Anushka’s holdings rose to ₹2 crore. 

Stocks plummeted by 25%, Kohli still going strong

Nevertheless, the stock market has faced ample turbulence over the last six months, with share prices of lots of companies, including Go Digit, familiarizing a decline. The company's stock has dropped by approximately 25% in the past 180 days, stirring investor portfolios. If Kohli still retained his shares, this drop has affected his net worth.

With a 25% failure from its peak, the approximate value of Kohli’s shares would now be around ₹6 crore instead of ₹8 crore. This translates to an approximate notional loss of ₹2 crore compared to its highest estimation post-listing. Despite this drop, his investment still holds a strong profit compared to his basic purchase price, showing long-term value.