Nazara Technologies IPO - Full Details and Review - Share Market Geek

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Nazara Technologies IPO – Full Details and Review

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The Nazara Technologies IPO, issue Size 582 Crores, will open for Bidding from 17 to 19 March. In this article, we will look into all the important information about the IPO of Rakesh Jhunjhunwala-backed Nazara Technologies – India’s first gaming company to to seek a market debut.

Nazara Technologies – About the Company

Nazara Technologies Ltd, founded in 1999, is a leading mobile Game developer in India. The company offers a range of diversified gaming products across the eSports, Gaming, Fantasy Sports, Quiz, Education technology and Sports content creation.

  • World Cricket Championship and CarromClash (Mobile Games), Sportskeeda and Nodwin (Esports & Gaming Company), Halaplay (Fantasy Gaming), Kiddopia and Paper Boat Apps (Gamified Learning for Kids) and Qunami (skill-based, fantasy and trivia games) are its key Intellectual Properties.
  • It has a solid presence in over 60 Countries especially in emerging markets such as India, Africa, South East Asia, the Middle East and Latin America.
  • Rakesh Jhunjhunwala, who holds a 10.82 percent stake in the firm, says he has no plans to sell.
Nazara Technologies IPO - Full Details and Review

Important DetailsNazara Tech IPO

ParticularsDetails
IPO Dates17 – 19 March 2021
IPO Size (in Crores)582 Crores
Face ValueRs. 4 per Equity Share
Price BandRs. 1100-1101 per Equity Share
Minimum Lot Size13 Shares
Minimum Application AmountRs. 14313/-
Retail Portion10% of the Issue
Official Websitehttps://corp.nazara.com/
Nazara Tech IPO Details

Nazara Tech IPO Date

ParticularsDetails
IPO Opening-Closing Dates17-19 March 2021
Basis Of Allotment24 March 2021
Refund25 March 2021
Credit to DEMAT Account26 March 2021
Listing Date30 March 2021
Nazara Techn IPO Date

Objectives of the Issue – Nazara Technologies IPO

The objective of Nazara Technologies IPO is to raise money for the following purposes:

  • Offer for Sale (OFS) by existing shareholders, the company will not receive any money from this IPO.
  • To achieve the benefits of listing Equity Shares on the Stock Exchanges.

Nazara Technologies Leading Products

Nazara is one of India’s largest interactive gaming and sports media firms. The business is renowned for its World Cricket Championship Mobile Game and Motu Patlu animated series. Its subsidiary Nodwin Gaming hosts a number of gaming events across the region.

Nazara Technologies IPO Review
Some of the Prominent Products of Nazara Technologies

Nazara Technologies IPO – Quotas

The company has reserved atleast 10% of the issue for the Retail investors only.  Up to 75 per cent of the net issue will be reserved for Qualified Institutional Buyers (QIB). The remaining 15 per cent of the Issue is reserved for Non-Institutional category.

Nazara Technologies IPO Review

This is the second attempt by Mobile-Gaming to go public after struggling to launch the issue in 2018 despite receiving approval from SEBI, the market regulator. Nazara has made a slew of acquisitions in the last two years, with accelerating India’s gaming industry, thanks to increased digitisation and affordable internet.

Looking at the above Points, we can assume that the company has immense scope for Growth. So, we can expect that the company will continue to develop and expand its business at a healthy pace.

Although, the IPO is priced on the Higher Side and it has just 10% Quota for Retail Investors which makes it very tough for Retail Investors to get the Allotment. But We can expect that it will be a huge beneficiary of the Boom in Digital Gaming Industry, Also, its enjoying a Huge Grey Market Premium, So we recommend applying to this IPO.

Nazara Tech IPO GMP

Nazara Tech IPO Grey Market Premium: +Rs. 820 as on 15 March 2021

Nazara Tech IPO – Check Allotment Status

Nazara Tech IPO FAQs

How to apply for Nazara Technologies IPO through Zerodha?

Steps to apply in IPO of Nazara Technologies through Zerodha App/Website:-
1. Visit the Zerodha website and login to Console.
2. Go to Portfolio and click the IPOs link.
3. Go to the ‘Nazara Technologies‘ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Tick on Cutoff Price.
5. ‘Submit’ IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.

When will Nazara Technologies IPO open?

The opening date of the IPO is 17 March, 2021 while its closing date is March 19 2021.

When Nazara Tech IPO will be alloted?

Allotment will be finalized on 24 March and refunds will be credited by 25 March Shares allotment will be credited in Demat accounts by 26 March.

When is Nazara Technologies IPO listing date?

The tentative date of Nazara Tech IPO listing is 30 March 2021.

Where can we check the Kalyan Jewellers IPO allotment?

We can check the IPO Allotment status on their Registrar Link Intime India Private Ltd Website.

Read More About Upcoming IPOs on Our IPO Page. Read our Detailed Guide on How to apply for an IPO in India. Tell us your Views About Nazara Technologies IPO in the Comment Section Below.


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