Nazara Technologies Limited IPO Detail
Incorporated in 1999, Nazara Technologies Ltd is a leading mobile game company in India. The company offers a range of diversified gaming products across the Interactive gaming, eSports, and gamified early learning ecosystem across emerging markets i.e. 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. CarromClash and World Cricket Championships in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports, and Halaplay and Qunami are some of its offerings.
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.
Company Promoters
Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP is the company promoters.IPO Details
| IPO Opening Date | Mar 17, 2021 |
| IPO Closing Date | Mar 19, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹4 per equity share |
| IPO Price | ₹1100 - 1101 per equity share |
| Market Lot | 13 Shares |
| Min Order Quantity | 13 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹582.91 Cr |
| Fresh Issue | - |
| Offer for Sale | ₹582.91 Cr |
| Retail Portion | - |
IPO Tentative Timetable
The Nazara Technologies Limited IPO open date is Mar 17, 2021, and the close date is Mar 19, 2021. The issue may list on Mar 30, 2021.
| IPO Open Date | Mar 17, 2021 |
| IPO Close Date | Mar 19, 2021 |
| Basis of Allotment Date | Mar 24, 2021 |
| Initiation of Refunds | Mar 25, 2021 |
| Credit of Shares to Demat Account | Mar 26, 2021 |
| IPO Listing Date | Mar 30, 2021 |
IPO Lot Size
The Nazara Technologies Limited IPO market lot size is 13 shares. A retail-individual investor can apply for up to 13 lots (169 shares or ₹186069).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 13 | ₹14313 |
| Maximum | 13 | 169 | ₹186069 |
IPO Promoter Holding
| Pre Issue Share Holding | 24.16% |
| Post Issue Share Holding | 20.70% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 7,986.55 | 2,070.06 | 101.07 |
| 31-Mar-20 | 7,768.29 | 2,621.46 | 266.15 |
| 31-Mar-19 | 5,145.83 | 1,860.98 | 67.13 |
| 31-Mar-18 | 4,707.59 | 1,819.40 | 10.23 |
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
