Nazara Technologies Ltd Incorporated in 1999 and a leading mobile gaming company in India and offers a wide range of diversified gaming products. Company have a wide market in India, Africa, South East Asia, Middle East, and Latin America. It is one of the leading live eSports streaming and on-demand eSports media content providers in India.
The business operates in different segments; Subscription-based business, Freemium Business, eSports, Gamified early learning, and Real money gaming. Subscription business focuses on mass mobile internet users comprising mainly first-time mobile gamers. The company derives maximum revenue from subscription fees charged from customers under the gamified early learning and eSports business segments, accounted for 71.03% of revenues for the six months period ended on Sep 30, 2020.
Competitive Strengths
- One of the leading eSports companies in India.
- Diversified business based on the geographical presence and gaming products.
- Strong leadership backed by marquee investors.
- Asset light business model.
Nazara Technologies IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹4 per equity share |
| IPO Price | ₹1100 to ₹1101 per equity share |
| Market Lot | 13 Shares |
| Min Order Quantity | 13 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,294,392 Eq Shares of ₹4 (aggregating up to ₹582.91 Cr) |
| Offer for Sale | 5,294,392 Eq Shares of ₹4 (aggregating up to ₹582.91 Cr) |
| BSE Symbol | 543280 |
| NSE Symbol | NAZARA |
| ISIN Code | INE418L01021 |
IPO Time Table
| PARTICULAR | DATE |
| IPO Open Date | 17-Mar-21 |
| IPO Close Date | 19-Mar-21 |
| Basis of Allotment Date | 24-Mar-21 |
| IPO Listing Date | 30-Mar-21 |
Objects of the Issue:
Nazara Technologies IPO aims to raise money for the below objectives:
To achieve the benefits of listing Equity Shares on the Stock Exchanges.
To carry out the sale of up to 5,294,392 Equity Shares by the Selling Shareholders
Company Promoters:
Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP is the company promoters.
Company Financials:
| PARTICULAR | 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 7,986.55 | 7,768.29 | 5,145.83 | 4,707.59 |
| Total Revenue | 2,070.06 | 2,621.46 | 1,860.98 | 1,819.40 |
| Profit After Tax | -101.07 | -266.15 | 67.13 | 10.23 |
Nazara Technologies IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 13 | ₹14,313 |
| Maximum | 13 | 169 | ₹186,069 |
| Company Contact Information | Nazara Technologies IPO Registrar |
| Nazara Technologies Limited 51-57, Maker Chambers 3, Nariman Point Mumbai 400 021 Phone: +91 22 4033 0800 Email: cs@nazara.com Website: https://www.nazara.com/ | Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: nazara.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
