Nazara Technologies Limited IPO

Nazara Technologies IPO
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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.

Nazara Technologies IPO

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

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

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
Object Of The Issue

Nazara Technologies IPO Details

IPO Opening Date17 MAR, 2021
IPO Closing Date19 MAR, 2021
Issue TypeBook Built Issue IPO
Issue Size₹ 582.90 Cr.
Face Value₹4 per equity share
IPO Price[1100] to [1101] per equity share
Market Lot13 Shares
Min Order Quantity13 Shares
Listing AtBSE, NSE
Total Share Issue50,94,392 Equity Shares

Nazara Technologies IPO – Schedule

IPO Open Date17 MAR, 2021
IPO Close Date19 MAR, 2021
Finalization of Basis of Allotment24 MAR, 2021
Initiation of Refunds24 MAR, 2021
Credit of Shares to Demat Account25 MAR, 2021
IPO Listing Date30 MAR, 2021

Nazara Technologies IPO Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum11314,313
Maximum13169186,069

Nazara Technologies IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Nazara Technologies IPO
How To Apply IPO

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
Websitehttps://www.nazara.com/

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