Incorporated in 1999, Nazara Technologies Ltd is a leading mobile game company in India. The company offers a range of diversified gaming products across the Interactive gaming, eSports, and gamified early learning ecosystem across emerging markets i.e. India, Africa, South East Asia, Middle East, and Latin America. It is one of the leading live eSports streaming and on-demand eSports media content providers in India. CarromClash and World Cricket Championships in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports, and Halaplay and Qunami are some of its offerings.
The business operates in different segments; Subscription-based business, Freemium Business, eSports, Gamified early learning, and Real money gaming. Subscription business focuses on mass mobile internet users comprising mainly first-time mobile gamers. The company derives maximum revenue from subscription fees charged from customers under the gamified early learning and eSports business segments, accounted for 71.03% of revenues for the six months period ended on Sep 30, 2020.
Nazara Technologies IPO aims to raise money for the below objectives:
| IPO Opening Date | Mar 17, 2021 |
|---|---|
| IPO Closing Date | Mar 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 Orher Quantity | 13 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,294,392 Eq Shares of ₹4 (aggregating up to ₹582.91 Cr) |
| Offer for Sale | 5,294,392 Eq Shares of ₹4 (aggregating up to ₹582.91 Cr) |
The Nazara Technologies IPO open date is Mar 17, 2021, and the close date is Mar 19, 2021. The issue may list on Mar 30, 2021.
| IPO Open Date | Mar 17, 2021 |
|---|---|
| IPO Close Date | Mar 19, 2021 |
| Basis of Allotment Date | Mar 24, 2021 |
| Initiation of Refunds | Mar 25, 2021 |
| Credit of Shares to Demat Account | Mar 26, 2021 |
| IPO Listing Date | Mar 30, 2021 |
| Pre Issue Share Holding | 24.16% |
|---|---|
| Post Issue Share Holding | 20.70% |
Nazara Technologies IPO allotment status is expected on Mar 24, 2021. Click the link Nazara Technologies IPO Allotment Status to check the allotment. Note: the link remains to disable until the allotment is available online.
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