Incorporated in 1999, Nazara Technologies Ltd is a leading mobile game company in India. The company offers a range of diversified gaming products across the Interactive gaming, eSports, and gamified early learning ecosystem across emerging markets i.e. India, Africa, South East Asia, Middle East, and Latin America. It is one of the leading live eSports streaming and on-demand eSports media content providers in India. CarromClash and World Cricket Championships in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports, and Halaplay and Qunami are some of its offerings.
Competitive Strengths
- One of the leading eSports companies in India.
- Diversified business based on the geographical presence and gaming products.
- Strong leadership backed by marquee investors.
- Asset light business model.
Company Promoters:
Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP is the company promoters.
Company Financials:
Particulars For the year/period ended (₹ in millions) 30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18 Total Assets 7,986.55 7,768.29 5,145.83 4,707.59 Total Revenue 2,070.06 2,621.46 1,860.98 1,819.40 Profit After Tax (101.07) (266.15) 67.13 10.23 Objects of the Issue:
Nazara Technologies IPO aims to raise money for the below objectives:
- To achieve the benefits of listing Equity Shares on the Stock Exchanges.
- To carry out the sale of up to 5,294,392 Equity Shares by the Selling Shareholders
Nazara Technologies IPO Details
IPO Opening Date Mar 17, 2021 IPO Closing Date Mar 19, 2021 Issue Type Book Built Issue IPO Face Value ₹4 per equity share IPO Price ₹1100 to ₹1101 per equity share Market Lot 13 Shares Min Order Quantity 13 Shares Listing At BSE, NSE Issue Size 5,294,392 Eq Shares of ₹4
(aggregating up to ₹582.91 Cr)Offer for Sale 5,294,392 Eq Shares of ₹4
(aggregating up to ₹582.91 Cr)
NazaraTechnologies IPO Tentative Timetable
The Nazara Technologies IPO open date is Mar 17, 2021, and the close date is Mar 19, 2021. The issue may list on Mar 30, 2021.
IPO Open Date Mar 17, 2021 IPO Close Date Mar 19, 2021 Basis of Allotment Date Mar 24, 2021 Initiation of Refunds Mar 25, 2021 Credit of Shares to Demat Account Mar 26, 2021 IPO Listing Date Mar 30, 2021 Nazara Technologies IPO Lot Size
The Nazara Technologies IPO market lot size is 13 shares. A retail-individual investor can apply for up to 13 lots (169 shares or ₹186,069).
Application Lots Shares Amount (Cut-off) Minimum 1 13 ₹14,313 Maximum 13 169 ₹186,069 Nazara Technologies IPO Promoter Holding
Pre Issue Share Holding 24.16% Post Issue Share Holding 20.70% Nazara Technologies IPO Subscription Status (Bidding Detail)
The Nazara Technologies IPO is subscribed 175.46x times on Mar 19, 2021 05:00. The public issue subscribed 75.29x in the retail category, 103.77x in the QIB category, and 389.89x in the NII category. Check Day by Day Subscription Details (Live Status)
Category IPO Subscription QIB 103.77x
NII 389.89x
RII 75.29x
Employee 7.55x
Total 175.46x
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda |
| 23 MAR 2021 | |||
| 22 MAR 2021 | |||
| 21 MAR 2021 | 730 | 7000 | |
| 20 MAR 2021 | 700 | 7000 | |
| 19 MAR 2021 | 900 | 8000 | |
| 18 MAR 2021 | 870 | ||
| 17 MAR 2021 | 860 | 9000 | |
| 16 MAR 2021 | 840 | ₹N/A | 9000 |
| 15 MAR 2021 | 780 | ₹N/A | 9000 |
| 14 MAR 2021 | 800 | ₹N/A | 9000 |
 Detail,GMP){kind=link}
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