Nazara Technologies IPO- March 17, 2021
Nazara Technologies Ltd, leading mobile game company in India is coming up with its Initial Public Offering on Wednesday, March 03. The issue will be open until March 17 at a fresh issue of shares aggregating up to ₹582.91 crore. Big bull Rakesh Jhunjhunwala has invested in Nazara Technologies and it is pegged at about Rs 432 crore as the gaming and sports media platform hits the market with a 583 crore IPO.
Nazara Technologies is the leading India based diversified gaming and sports media platform in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports and gamified early learning ecosystems. The company focuses on mass mobile internet users and mainly first time mobile gamers. Nazara have derived maximum revenue from subscription fees charged from customers, these are under the gamified early learning and eSports business segments, accounted for 71.03% of revenues for the six months period on September 30, 2020.Their localized gamer insights are reflected in the popularity of some of their mobile games on the Google Play Store, such as, ‘World Cricket Championship 2’, ‘Chhota Bheem Race’, and ‘Motu Patlu Game’.
Points to note before investing in Nazara Technologies IPO
Company Strengths
Strong leadership team marked by specific investors
Ownership of IP as a developer and publisher for mobile games,
Current leadership in India across a diversified set of offerings provides it a strong foundation for continued growth
ESL has signed a license agreement with NODWIN Gaming, acquired by Nazara Technologies.
The company attracted investments from ESL (Electronic Sports League), the world’s largest esports company.
Company Strategies
In line with its strategy to strengthen the gaming ecosystem across India and the emerging markets Nazara has been proactively investing in start ups
They emphasis on building the gaming ecosystem in India
Diversified business based on the geographical presence and gaming products.
Nazara Technologies IPO Details
IPO Opening Date
| March 17, 2021
|
IPO Closing Date
| March 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
|
Allotment , Listing and Refunds details
IPO Open Date
| March 17, 2021
|
IPO Close Date
| March 19, 2021
|
Basis of Allotment Date
| March 24, 2021
|
Initiation of Refunds
| March 25, 2021
|
Credit of Shares to Demat Account
| March 26, 2021
|
IPO Listing Date
| March 30, 2021
|
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