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Nazara Technologies IPO is a book built issue of Rs 582.91 crores. The issue is entirely an offer for sale of 0.53 crore shares.
Nazara Technologies IPO bidding started from March 17, 2021 and ended on March 19, 2021. The allotment for Nazara Technologies IPO was finalized on Wednesday, March 24, 2021. The shares got listed on BSE, NSE on March 30, 2021.
Nazara Technologies IPO price band is set at ₹1100 to ₹1101 per share. The minimum lot size for an application is 13 Shares. The minimum amount of investment required by retail investors is ₹14,313.
ICICI Securities Limited, Iifl Securities Ltd, Jefferies India Private Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Nazara Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Nazara Technologies IPO RHP for detailed information.
| IPO Date | March 17, 2021 to March 19, 2021 |
| Listing Date | March 30, 2021 |
| Face Value | ₹4 per share |
| Price Band | ₹1100 to ₹1101 per share |
| Lot Size | 13 Shares |
| Total Issue Size | 5,294,392 shares (aggregating up to ₹582.91 Cr) |
| Offer for Sale | 5,294,392 shares of ₹4 (aggregating up to ₹582.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 30,452,836 |
| Share holding post issue | 30,452,836 |
Nazara Technologies IPO offers 2,920,997 shares. 1,582,264 (54.17%) to QIB, 791,131 (27.08%) to NII, 527,421 (18.06%) to RII, 20,181 (0.69%) to employees. 40,570 RIIs will receive minimum 13 shares and (sNII) and (bNII) will receive minimum 182 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,582,264 (54.17%) | NA |
| NII (HNI) Shares Offered | 791,131 (27.08%) | |
| Retail Shares Offered | 527,421 (18.06%) | 40,570 |
| Employee Shares Offered | 20,181 (0.69%) | NA |
| Total Shares Offered | 2,920,997 (100%) |
Nazara Technologies IPO opens on March 17, 2021, and closes on March 19, 2021.
| IPO Open Date | Wednesday, March 17, 2021 |
| IPO Close Date | Friday, March 19, 2021 |
| Basis of Allotment | Wednesday, March 24, 2021 |
| Initiation of Refunds | Thursday, March 25, 2021 |
| Credit of Shares to Demat | Friday, March 26, 2021 |
| Listing Date | Tuesday, March 30, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2021 |
Investors can bid for a minimum of 13 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 13 | ₹14,313 |
| Retail (Max) | 13 | 169 | ₹186,069 |
| Lot Size Calculator | |||
Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP is the company promoters.
| Share Holding Pre Issue | 24.16% |
| Share Holding Post Issue | 20.70% |
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
| 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 | |
Nazara Technologies IPO aims to raise money for the below objectives:
[Dilip Davda] With negative earnings for the past 18 months, the issue is being offered at a negative P/E. Simply due to investment by big tycoon RKJ, this IPO is creating hype. Being the first mover, it might catch fancy post listing, but the offer price is very aggressive based on its financial data. Hence cash surplus, risk savvy investors may consider investment at their own risks. Read detail review...
The Nazara Technologies IPO is subscribed 175.46 times on March 19, 2021 5:00:00 AM. The public issue subscribed 75.29 times in the retail category, 103.77 times in the QIB category, and 389.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 103.77 |
| NII | 389.89 |
| Retail | 75.29 |
| Employee | 7.55 |
| Total | 175.46 |
| Listing Date | March 30, 2021 |
| BSE Script Code | 543280 |
| NSE Symbol | NAZARA |
| ISIN | INE418L01021 |
| Final Issue Price | ₹1101 per share |
| Price Details |
|---|
| Final Issue 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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: nazara.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 share. The minimum order quantity is 13 Shares.
The IPO opens on March 17, 2021, and closes on March 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
Visit Zerodha IPO Application Process Review for more detail.
The Nazara Technologies IPO opens on March 17, 2021 and closes on March 19, 2021.
Nazara Technologies IPO lot size is 13 Shares, and the minimum amount required is ₹14,313.
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 don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Nazara Technologies IPO will be done on Wednesday, March 24, 2021, and the allotted shares will be credited to your demat account by Friday, March 26, 2021. Check the Nazara Technologies IPO allotment status.
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