Nazara Technologies IPO 2021

In this article we are going to discuss Nazara Technologies IPO with all the details. Nazara Technologies Ltd was established in the year 1999 and based in mumbai. In India, it is one of the best mobile game companies. The company provides various products related to mobile games. They are engaged in developing and distributing mobile games in India, Middle East, Southeast Asia, Latin America, and Africa. Nazara Technologies was supported by Rakesh jhunjhunwala. He is one of the well known investors in the Indian stock market.

Nazara Technologies is the best live eSports streaming and content provider in India. It receives maximum income from subscription fees debited from clients under the gamified early learning and eSports business divisions. 

They have three distinct segments; 

• Subscription-based business, 
• Freemium Business, and 
• eSports business. 

Nazara Technologies pvt Ltd is going to launch its IPO on 17th March 2021. This company mainly produces games for mobile and other electronic devices. Here are the list of games designed by Nazara technologies

• Candy Crush, 
• Subway Surfer, 
• Temple Run
• Chhota Bheem, 
• Motu and Patlu Series 
• World Cricket Championship etc.

The shares are being sold to improve the company’s brand value and provide liquidity to the existing shareholders’ equity shares. Both ICICI Securities and Edelweiss Financial Services are intended to handle the IPO of the firm. The company’s equity shares are going to be launched on BSE and NSE.

Company Strengths

• It is one of the best eSports firms in India.
• Its business is on the basis of gaming products and geographical presence
• Marquee investors support this firm.

Company Promoters:

• Vikash Mittersain, 
• Nitish Mittersain, 
• Mitter Infotech LLP.

Nazara Technologies IPO Information

Nazara Technologies IPO is going to start from 17th March 2021 and close on 19th March 2021. 

Nazara IPO Listing Date & Issue Price Details

Face Value	Rs 4 Per Equity Share
Price Band	Rs 1100 to Rs 1101 per share
Listing at	Both BSE and NSE
IPO Open	17th March 2021
IPO Close	19th March 2021
IPO Size	Rs 546.79 Crores (Approximately)
Retail Portion	10%
Issue Type	Book Built Issue IPO
Equity	5294392 Shares

Nazara Technologies IPO Market Lot:

Min Lot Size	13 shares
Min Amount	Rs 14313
Max Lot Size	169 Shares
Max Amount	Rs 186069

Nazara Technologies IPO Allotment Status

Basis of Allotment	24th March 2021
Initiation of Refund	25th March 2021
Credit to Demat Account	26th March 2021
Ipo Share Listing	30th March 2021

Purpose of Nazara Technologies IPO

• To obtain the advantages of registering Equity Shares on the Indian Stock Exchanges.
• To bring out the purchase of Equity Shares by the Selling Stockholders

Nazara Technologies Financial Statement

	31st March 2018	31st March 2019	31st March 2020	30 September 2020
Total Assets	4707.59	5145.83	7768.29	7986.55
Total revenue	1819.40	1860.98	2621.46	2070.06
Total Expenses	1333.72	1742.80	2811.50	2135.85
Profit After Paying Tax	10.23	67.13	266.15	101.07