Nazara Tech IPO to open on March 17: Check price band, listing date, other details
Nazara Technologies IPO: The price band for the issue has been fixed at Rs 1,100-01, while bid lot size is of 13 shares and in multiple thereof
BusinessToday.In | March 16, 2021 | Updated 13:35 IST
Nazara Tech IPO to close on March 19
Ace investor Rakesh Jhunjhunwala-backed Nazara Technologies, an India-based gaming and sports media platform, is all set to launch its three-day initial public offering (IPO) on March 17. The company, popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series, plans to raises Rs 582 crore from IPO through offer for sale (OFS) of up to 5,294,392 equity shares. The price band for the issue has been fixed at Rs 1,100-01. The bid lot size is of 13 shares and in multiple thereof. The equity shares of Nazara Technologies will be listed on the BSE and the NSE.
Updated Mar 12, 2021 | 20:04 IST
Nazara Technologies Joint MD Nitesh Mittersain and Manish Agarwal, CEO, told ET NOW that India improved quality of internet connectivity driven by mobile internet and fibre are good for the gaming industry. Nazara Tech IPO: 50-70 million paying customers core of company, says CEO | Photo Credit: Times Now
The Initial Public Offering (IPO) of Nazara Technologies, which counts billionaire investor Rakesh Jhunjhunwala among stakeholders, will open for subscription on Wednesday, March 17. The maiden public offer is in a price band of Rs 1,100-1,010 per share which will close on March 19.
The IPO is an offer-for-sale (OFS) of up to 5.29 million shares by promoters and shareholders current shareholders including Mitter Infotech, IIFL Special Opportunities Fund, Seedfund 2, Good Game Investment Trust Porush Jain and Azimuth Investments. The issue is expected to fetch Rs 583 crore at the upper price band.
Rakesh Jhunjhunwala-backed gaming firm Nazara Technologies to file for IPO
Nazara Technologies latest public issue attempt is a complete offer for 49,65,476 equity shares held by promoters and investors
BusinessToday.In | January 18, 2021 | Updated 21:59 IST
Nazara Technologies, known for its cricket and Chota Bheem-themed mobile games, has become India s first game developer firm to file for an initial public offering. Backed by ace investor Rakesh Jhunjhunwala, the firm submitted draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) last week.
Nazara Technologies is looking to make a market debut as lockdown has led to an increase in time people spent on smartphones. According to a recent report by App Annie, time Indians spent on their mobile screens increased 39 per cent to in 2020 to 4.6 hours a day.