Nazara Technologies IPO was subscribed 1.28 times till 12:20 pm.
Nazara Technologies shares were in high demand in the ongoing share sale via initial public offering (IPO). The Rakesh Jhunjhunwala-backed gaming company s Rs 582.91 crore IPO was oversubscribed within hours of opening. The IPO was subscribed 1.28 times till 12:20 pm, data from the National Stock Exchange showed. Retail investors were seen participating in huge numbers as the portion reserved for them was subscribed over three times. While portion reserved for non-institutional investors subscribed 12 per cent.
Nazara Technologies is the country s first gaming company to get listed on the stock exchanges and the company is selling shares in the price band of Rs 1,100-1,101 per share.