Rakesh Jhunjhunwala-backed Nazara Technologies IPO day 2: Issue subscribed 7 17 times, retail portion booked 28 times businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Updated Mar 17, 2021 | 10:35 IST
Nazara Technologies IPO: Rakesh Jhunjhunwala, who is one of the largest shareholders with 10.8% stake, will not sell any shares in the company through this IPO. Rakesh Jhunjhunwala holds 10.8% stake in Nazara Technologies
New Delhi: Nazara Technologies, a gaming and sports media platform company, plans to raise Rs 583 crore through an initial public offer (IPO) that opens today (March 17). The issue comprises of offer for sale of upto 52,94,392 crore shares, representing 16.7% stake in the company, in the price band of Rs 1100-1101. The company does not aim to raise any fresh capital through this issue.
Through this IPO, IIFL is partially exiting the venture by offloading 14% stake in the company, out of its overall holding of over 21%. Its promoters who own over 22.5% stake will sell 2.25% stake in the company, and hold the remaining 20%. Rakesh Jhunjhunwala, who is one of the largest shareholders with 10.8% stake,
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Nazara Technologies Ltd (NTL) is a gaming and sports media platform with presence in India and across emerging markets, such as Africa, and developed markets such as North America. It offers gaming products across the interactive gaming, eSports and gamified early-learning ecosystems, including the World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early.
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Nazara Technologies IPO opens today: Should you bid for Jhunjhunwala-backed firm s share sale?
Nazara Technologies IPO: The firm plans to raises Rs 582 crore through offer for sale (OFS) of up to 5,294,392 equity shares
BusinessToday.In | March 17, 2021 | Updated 11:11 IST
Nazara Technologies IPO: Price band has been fixed at Rs 1,100-01. The bid lot size is of 13 shares and in multiple thereof
Ace investor Rakesh Jhunjhunwala-backed Nazara Technologies launched its three-day initial public offer (IPO) on March 17. The firm is India-based gaming and sports media platform and known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series.
Nazara Technologies plans to raise Rs 582 crore from IPO through offer for sale (OFS) of up to 5,294,392 equity shares. Price band has been fixed at Rs 1,100-1,101 per share. The bid lot size is of 13 shares and in multiple thereof. Equity shares of Nazara Technologies will be listed on BSE and NSE.
NEW DELHI: Gaming firm Nazara Technologies on Tuesday said it has mopped up a little over Rs 261 crore from anchor investors ahead of its initial public offer, which opens for subscription on Wednesday.
The company s initial public offer (IPO) committee has decided to allocate 23,73,395 shares to 43 anchor investors at Rs 1,101 per piece. At this price, the firm has raised Rs 261.31 crore, Nazara Technologies informed BSE.
Among the anchor investors are Government of Singapore, Abu Dhabi Investment Authority, Goldman Sachs India Ltd, Noumura Funds Ireland Public Limited Company, Steadview Capital Mauritius Ltd.
In addition, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Axis MF, Sundaram MF, Kotal MF and Aditya Birla Sunlife MF too participated in the anchor book bidding. Â