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.
- 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.
- 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)|
|Issue Type||Book Built Issue IPO|
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|
|Profit After Paying Tax||10.23||67.13||266.15||101.07|
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