Nazara

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.

Competitive Strengths

  • One of the leading eSports companies in India.
  • Diversified business based on the geographical presence and gaming products.
  • Strong leadership backed by marquee investors.
  • Asset light business model.

Company Promoters:

Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP is the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 7,986.55 7,768.29 5,145.83 4,707.59
Total Revenue 2,070.06 2,621.46 1,860.98 1,819.40
Profit After Tax (101.07) (266.15) 67.13 10.23

Objects of the Issue:

Nazara Technologies IPO aims to raise money for the below objectives:

  • To achieve the benefits of listing Equity Shares on the Stock Exchanges.
  • To carry out the sale of up to 5,294,392 Equity Shares by the Selling Shareholders

Nazara Technologies IPO Details

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 Order Quantity 13 Shares
Listing At BSE, NSE
Issue Size5,294,392 Eq Shares of ₹4
(aggregating up to ₹582.91 Cr)
Offer for Sale5,294,392 Eq Shares of ₹4
(aggregating up to ₹582.91 Cr)

Nazara Technologies IPO Tentative Timetable

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

Nazara Technologies IPO Lot Size

The Nazara Technologies IPO market lot size is 13 shares. A retail-individual investor can apply for up to 13 lots (169 shares or ₹186,069).

Application Lots Shares Amount (Cut-off)
Minimum 1 13 ₹14,313
Maximum 13 169 ₹186,069

Nazara Technologies IPO Promoter Holding

Pre Issue Share Holding 24.16%
Post Issue Share Holding 20.70%

Nazara Technologies IPO Subscription Status (Bidding Detail)

The Nazara Technologies IPO is subscribed 175.46x times on Mar 19, 2021 05:00. The public issue subscribed 75.29x in the retail category, 103.77x in the QIB category, and 389.89x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

103.77x

NII

389.89x

RII

75.29x

Employee

7.55x

Total

175.46x

Rating:Rated

Listing Date Tuesday, March 30, 2021
BSE Script Code 543280
NSE Symbol NAZARA
Listing In B Group of Securities
ISIN INE418L01021
IPO Price ₹1101 per equity share
Face Value ₹4 per equity share
.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,101.00
₹1,971.00
₹1,576.80
₹2,026.90
₹1,576.80
NSE
₹1,101.00
₹1,990.00
₹1,592.00
₹2,024.90
₹1,592.00

Nazara Technologies Limited
51-57, Maker Chambers 3, Nariman Point
Mumbai 400 021

Phone: +91 22 4033 0800
Email: cs@nazara.com
Website: https://www.nazara.com/

Nazara Technologies IPO FAQs

Nazara Technologies IPO is a main-board IPO of 5,294,392 equity shares of the face value of ₹4 aggregating up to ₹582.91 Crores. The issue is priced at ₹1100 to ₹1101 per equity share. The minimum order quantity is 13 Shares.

The IPO opens on Mar 17, 2021, and closes on Mar 19, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Nazara Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Nazara Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Nazara Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the Nazara Technologies IPO row and click the Bid button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nazara Technologies IPO opens on Mar 17, 2021 and closes on Mar 19, 2021.

Nazara Technologies IPO lot size is 13 Shares and the minimum order quantity is 13 Shares.

You can apply in Nazara Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who dont offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nazara Technologies IPO will be done on Mar 24, 2021, and the allotted shares will be credited to your demat account by Mar 26, 2021. Check the Nazara Technologies IPO allotment status.

The Nazara Technologies IPO listing date is on Tuesday, March 30, 2021.

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