Nazara Technologies IPO Opened For Subscription

Nazara Technologies IPO: IPO of this company has opened for subscription, investors are excited due to the unique segment.

Gaming company Nazara Technologies’ initial public offer i.e. IPO has opened for subscription from today. This IPO can be subscribed till 19 March. Najara Technologies has an IPO of Rs 583 crore.

Promoters and existing shareholders are offering for sale of 52,94,392 equity shares under this IPO. The price band for this IPO has been kept at Rs 1,100-1,101 per share.

Najara Technologies will raise Rs 582-583 crore through this IPO. A lot in this IPO is of 13 shares. At the same time, the price band is 1,100 to 1,101 rupees.

That is, the investor has to invest a minimum of Rs 14,300 to invest in this IPO. Investors are very excited about this IPO due to the unique segment.

Let us know here that the business of gaming company Nazara Technologies is spread in 60 countries of the world. These include countries in the Middle East, South East Asia, Africa, and Latin America, including India.

Talking about income, in FY 2020, the company’s income increased by 46 percent to Rs 247.51 crore. Earlier, in FY 2019, profit had increased by 556.2 percent to Rs 6.71 crore.

The number of average monthly users of the company has also increased significantly.

The main games of this gaming company include Motu-Patlu, Chhota Bheem, Carrom Clash, Augie & Cockroaches, World Table Tennis Championship and World Cricket Championship, etc.

40 percent of the company’s revenue comes from India, 40 to 41 percent of its revenue comes from North America and the remaining revenue comes from Africa, South Africa, Middle East, and West Asia.

Najara Technologies raised Rs 261 crore from anchor investors on Tuesday. Let us know that the IPOs of five companies have been launched this week.

The IPOs of Craftsman Automation and Laxmi Organics Industries opened on Monday, the first business day of the week. At the same time, the IPO of Kalyan Jewelers (Kalyan Jewelers) opened on Tuesday.

The IPOs of Suryoday Small Finance Bank and Nazara Technologies opened on Wednesday. Shares of these companies will be listed on BSE and NSE.