Nazara Technologies is a sports and sports news platform that exists in India and in growing and developed global markets such as Africa and North America.
The company’s contributions include collaborative gambling, eSports and traditional learning programs including the World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in early learning, Nodwin and Sportskeeda games in Sports and Sports media, and Halaplay and Qunami in terms of skills, fantasy games and trivia.
The company builds strength and skills in all its offerings in India, targeted game players in the country, and then redefined its business model in global markets to target players.
Content is being developed in India for Indian and international audiences, allowing it to reach the scale, as evidenced by the 40.17 million MAU FY2020 and the 49.25 million MAU in all games over the six-month period ending 30 September In addition to the portfolio strong of 143 donations, its growth is also driven by the strong tails of the game across mobile games and eSports in India and around the world, with the rapid acceleration seen in the calendar year 2020 thanks to COVID-19.
Competitive Strengths
- One of the leading eSports companies in India.
- Various business depending on global availability and gaming products.
- Strong leadership supported by marquee investors.
- A simple business light model.
Company Promoters
Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP is the company promoters.
Company Financials
| 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
The Natara Technologies IPO aims to raise money for the following purposes:
- To achieve the benefits of listing Equity Shares on Stock Exchanges.
- Making 4,965,476 Equity Shares by Retailers.
Nazara Technologies IPO Details
| IPO Opening Date | 17 MAR, 2021 |
| IPO Closing Date | 19 MAR, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹ 582.90 Cr. |
| 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 |
| Total Share Issue | 50,94,392 Equity Shares |
Nazara Technologies IPO – Schedule
| IPO Open Date | 17 MAR, 2021 |
| IPO Close Date | 19 MAR, 2021 |
| Finalization of Basis of Allotment | 24 MAR, 2021 |
| Initiation of Refunds | 24 MAR, 2021 |
| Credit of Shares to Demat Account | 25 MAR, 2021 |
| IPO Listing Date | 30 MAR, 2021 |
Nazara Technologies IPO Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 13 | 14,313 |
| Maximum | 13 | 169 | 186,069 |
Nazara Technologies IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Nazara Technologies IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Nazara Technologies IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Nazara Technologies IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| 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/ |
