Nazara Technologies Limited IPO: Company established in 1999. Nazara Technologies is one of the leading game companies in India. Expanding a business in various countries like India, South East Asia, Africa, Middle East, and Latin America. Also doing business in sports media platforms. The company looked to raise 582.91 crore rupees in this IPO.
This company does business in Freemium Business, Subscription-based business and esports business, real money gaming, Company gets more revenue from gaming early learning and esports business segment which is subscription fees charged.
There is no fresh issue, completely be an offer for sale by existing shareholders.
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Nazara Technologies Limited IPO Details
| Offer Price | ₹1100 – ₹1101 |
| Offer Date | Mar 17, 2021 – Mar 19, 2021 |
| Lot size | 13 Shares per lot (14,313) |
| Face Value | 4 Rs per share |
| Listing | NSE, BSE |
| Size of issue | Rs 582.69 Cr |
IPO manage by Edelweiss Finance Services Ltd and ICICI Securities Limited. Link Intime Private Ltd is a register for Nazara Technologies Limited IPO.
IPO Promoter Holding
| Share Holding Before the issue | 24.16% |
| Share Holding After the issue |
Nazara Technologies Limited Promoters : Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP
Important Dates of Nazara Technologies Limited IPO
| Open Date | 17 March 2021 |
| Close Date | 19 March 2021 |
| Allotment Date | 24 March 2021 |
| Refund Initiation | 25 March 2021 |
| Shares Credit to Demat | 26 March 2021 |
| Listing Date | 30 March 2021 |
Why this IPO good for Rakesh Jhunjhunwala
Rakesh Jhunjhunwala owns a 10.82% stake in the company. He doesn’t look to sell his stake. When this company list in the stock market then it can give good profit to Jhunjhunwala. Have a strong gray market premium with current 720 Rs.
