Nazara Technologies Limited IPO: Date, Price, Rakesh Jhunjhunwala.

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.

Nazara Technologies Limited IPO Details

Offer Price₹1100 – ₹1101
Offer DateMar 17, 2021 – Mar 19, 2021
Lot size13 Shares per lot (14,313)
Face Value4 Rs per share
ListingNSE, 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 issue24.16%
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 Date17 March 2021
Close Date19 March 2021
Allotment Date 24 March 2021
Refund Initiation 25 March 2021
Shares Credit to Demat26 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.

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Yadav Patle

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