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Nazara Technologies Limited IPO (Nazara Technologies IPO) Detail

Nazara Technologies Limited IPO

Nazara Technologies Limited IPO

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:

ParticularsFor the year/period ended (₹ in millions)
30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets7,986.557,768.295,145.834,707.59
Total Revenue2,070.062,621.461,860.981,819.40
Profit After Tax(101.07)(266.15)67.1310.23

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 DateMar 17, 2021
IPO Closing DateMar 19, 2021
Issue TypeBook Built Issue IPO
Face Value₹4 per equity share
IPO Price₹1100 to ₹1101 per equity share
Market Lot13 Shares
Min Order Quantity13 Shares
Listing AtBSE, 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 DateMar 17, 2021
IPO Close DateMar 19, 2021
Basis of Allotment DateMar 24, 2021
Initiation of RefundsMar 25, 2021
Credit of Shares to Demat AccountMar 26, 2021
IPO Listing DateMar 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum113₹14,313
Maximum13169₹186,069

Nazara Technologies IPO Promoter Holding

Pre Issue Share Holding24.16%
Post Issue Share Holding20.70%