IPO Status: Closed [17th Mar 2021 to 19th Mar 2021]
Rakesh Jhunjhunwala backed mobile gaming company, Nazara Technologies is coming with an IPO of Rs. 583 crore comprising an Offer for sale of 5,294,392 shares to list on the BSE and NSE. The mainline IPO opens on 17 March to 19 March 2021. The IPO Lot size is 13 shares and the price band is Rs. 1100-1101. Stay updated here to know everything about Nazara Technologies IPO detail including issue size, important dates, DRHP, RHP, business overview, strengths, risks, GMP, Live Subscription, Allotment, and Recommendations.
Nazara Technologies is a leading India-based diversified gaming and sports media platform in emerging and developed global markets i.e. Africa, North America, India, Middle East, and South East Asia.
Its business comprises of Subscription business, Freemium Business, and esports business. The subscription business segment allows users to access various games based by signing up for a daily, weekly, or monthly subscription. As on Sep 2017, the company was offering services through 113 telecom operators in 61 countries including but not restricted to Vodafone Idea and Airtel in India and Etisalat and Ooredo in the Middle East.
Freemium business segment focuses on designing innovative games incorporating local, licensed, intellectual property. It has developed many popular games like Candy Crush, Temple Run, and Subway Surfer. Lastly, Nodwin gaming and Smart Keeda are part of its esports business.
The funds raised through the IPO will be used towards the following purposes;
| Category | No. of Shares | INR in Cr | % |
|---|---|---|---|
| QIB | 3,955,643-3,955,659 | 435.12-435.52 | 75% |
| NIB | 791,128-791,131 | 87.02-87.10 | 15% |
| Retail | 527,419-527,421 | 58.02-58.07 | 10% |
| Employee | 20,202-20,181 | 2.00-2.00 | - |
| Total | 5,294,392-5,294,392 | 582.16-582.69 | 100% |
Nazara Technologies IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
| Nazara Technologies Issue Details | Values |
|---|---|
| IPO Category: | Mainline |
| IPO Issue Type: | Book Built Issue IPO |
| IPO Issue Size: | 5,294,392 shares at ₹1101 per share [Aggregating to #8377;582.91 Cr] |
| Offer for Sale: | 5,294,392 shares at ₹1101 per share [Aggregating to #8377;582.91 Cr] |
| Face Value: | ₹4 Per Equity Share |
| IPO Issue Price: | ₹1100-1101 |
| Market Lot: | 13 Shares |
| Min Retail Qty: | 13 Shares (1 lot) |
| Max Retail Qty: | 169 Shars (13 lots) |
| Promoter Holding Pre IPO: | 24.16% |
| Promoter Holding Post IPO: | 20.70% |
| IPO Listing At: | BSE, NSE |
| BSE Code: | 543280 |
| NSE Code: | NAZARA |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 1,582,264 | 791,131 | 527,421 | 20,181 | 2,920,997 | 1 | 17th Mar 2021 05:02 | 0.36x | 2.85x | 16.75x | 2.28x | 4.01x | 2 | 18th Mar 2021 05:02 | 0.72x | 7.73x | 44.47x | 5.33x | 10.55x | 3 | 19th Mar 2021 05:02 | 103.77x | 389.89x | 75.29x | 7.55x | 175.46x |
Past performance and financial results of Nazara Technologies.
| Nazara Technologies Limited Financials | 30-Sep-2020 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 |
|---|---|---|---|---|
| Total Assets | ₹798.65 Cr | ₹776.83 Cr | ₹514.58 Cr | ₹470.71 Cr |
| Total Income | ₹207.00 Cr | ₹262.15 Cr | ₹186.01 Cr | ₹181.94 Cr |
| Net Profit/Loss | ₹(10.11) Cr | ₹(26.62) Cr | ₹6.71 Cr | ₹1.02 Cr |
In this section we have covered all important dates related to Nazara Technologies IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
| IPO Activity | Date |
|---|---|
| IPO Issue Open Date | 17th Mar 2021 |
| IPO Issue Close Date | 19th Mar 2021 |
| Basis of Allotment Finalisation Date* | 24th Mar 2021 |
| Refunds Initiation* | 25th Mar 2021 |
| Credit of Shares to Demat Account* | 26th Mar 2021 |
| IPO Listing Date* | 30th Mar 2021 |
* - Tentative Dates
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Nazara Technologies IPO DRHP >>Document
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Last Updated on 2021-06-10T12:48:53+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Nazara Technologies IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Nazara Technologies IPO with Zerodha.
Alternate approch to apply in Nazara Technologies IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Nazara Technologies IPO Review and Important Updates
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To subscribe or apply in Nazara Technologies IPO, you can use the following methods:
| Nazara Technologies IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Nazara Technologies IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Nazara Technologies IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Nazara Technologies IPO. Most of the Syndicate Banks provide access to apply in Nazara Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Nazara Technologies IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Nazara Technologies IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Nazara Technologies IPO Review and Important Updates
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Nazara Technologies IPO is going to be list on 30-03-2021. NSE Code for Nazara Technologies is NAZARA. BSE Code for Nazara Technologies is 543280.
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Nazara Technologies IPO Allotment Date is 24-03-2021.
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