Online Games and Sports company is looking to raise ~₹583 crores through capital markets.
| IPO Opens | IPO Closes | Price Band (₹/Sh) | Retail Application (₹) | Listing Date |
|---|---|---|---|---|
| 17-Mar-2021 | 19-Mar-2021 | 1,100 to 1,101 | 14,313 | 30-Mar-2021 |
Promoters of Nazara Technologies are Vikash Mittersain, Nitish Mittersain and Mitter Infotech LLP
About Industry
The gaming industry is one of the largest and fastest growing segments within media and entertainment, with a market size of approximately 160 billion USD in 2020. Mobile gaming, with a market size of USD 76.57 billion in 2020, is expected to reach USD 116 billion by 2023. Mobile competitive gaming and eSports have gained significant traction globally and brought gaming to mainstream media and entertainment. The gaming industry has also expanded its reach and application to other industry verticals, with gamified early learning being a key segment where education and gaming combine to provide a novel way of learning.
Key Pointers
- Leadership position in a diversified and scalable business
- Portfolio of premium intellectual property and content across regions and businesses
- Large and engaged community of users, with attractive monetization opportunities
- Successful inorganic growth through strategic acquisitions
- Profitable platform model benefitting from India growth story with limited regulatory risk
- Continue to build on leading market position and growth opportunity in India
- Continue global expansion leveraging the existing distribution network
- Enhance existing offerings and increase monetization opportunities
- Launch new IP and titles across content and games & Pursue strategic investment and acquisition opportunities in future
Nazara Technologies IPO Snapshot
| Issue Open | 17-Mar-2021 |
| Issue Close | 19-Mar-2021 |
| Face Value | ₹ 4/- |
| Price Band | ₹ 1,100 to ₹ 1,101 (Including premium of ₹ 1,096 to ₹ 1,097 per share) |
| Discount | ₹110/Share for employees |
| Bid Lot | 13 shares and in mutiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Nazara Technologies Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | ₹ 582.91 Crores (Upper Band) | ₹ - Crores |
| QIB Portion | ~75% | 103.77 times |
| NII Portion (Application for lot size of 15 & above) | ~15% | 389.89 times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~10% | 75.29 times |
| Employees Portion | Upto 20,181 shares | 7.55 times |
| Total | 100% | 175.46 times |
Nazara Technologies IPO Indicative Dates
| Issue Open | 17-Mar-2021 |
| Issue Close | 19-Mar-2021 |
| Anchor Investor Bidding | One working day prior to Issue opening date of 17-Mar-2021 (around 16-Mar-2021) |
| Announcement of Allotment | 24-Mar-2021 |
| Initiation of Refunds | 25-Mar-2021 |
| Credit of Shares | 26-Mar-2021 |
| Listing (Commencement of trading on Stock Exchanges) | 30-Mar-2021 |
Lead Managers of Nazara Technologies IPO
List of Book Running and Lead/Co-Lead Manager/s
| ICICI Securities Limited |
| IIFL Securities Limited* (Only Marketing) |
| Jefferies India Private Limite |
| Nomura Financial Advisory and Securities (India) Private Limited |
Registrar of Nazara Technologies IPO
| Link Intime (India) Private Limited |
Valuation
Company is looking at the following valuation
| Issue Size | ₹ 582.91 Crores (Upper Band |
| Pre-Issue Promoter's Holding | 22.97% |
| Post Issue Promoter's Holding | TBA% |
| Pre-Issue Shares | ₹ 12.18 Crores |
| Post Issue Shares | TBA Crores |
| Post Issue Market Cap (based on Price band) | ₹ TBA to ₹ TBA Crores |
Check Allotment Status of Nazara Technologies IPO
| Please check below or visit here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Net banking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| Q3? Ans Source: NPCI |
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