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,
Nazara Technologies IPO subscribed 4.01 times, retail portion booked 16.75 times
Nazara Technologies IPO subscription: The share sale received bids for 1.17 crore equity shares against the IPO size of 29.20 lakh equity shares
BusinessToday.In | March 18, 2021 | Updated 09:24 IST
Retail investors submitted bids 16.75 times the reserved portion, while that of non-institutional investors is subscribed 2.85 times.
The initial public offer (IPO) of Nazara Technologies was subscribed 4.01 times on the first day of bidding. The share sale received bids for 1.17 crore equity shares against the IPO size of 29.20 lakh equity shares.
Retail investors submitted bids 16.75 times the reserved portion, while that of non-institutional investors is subscribed 2.85 times. Employees portion was booked 2.28 times. The company will allot Rs 2 crore worth of shares to its employees.
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.