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Nazara Technologies IPO subscribed 32%, retail portion fully booked on day 1

Nazara Technologies IPO subscribed 3.53 times, retail portion booked 14.52 times on day 1 Moneycontrol 4 days ago Sunil Matkar © Sunil Matkar Nazara Technologies IPO subscribed 3.53 times, retail portion booked 14.52 times on day 1 The initial public offering of Nazara Technologies, which is backed by marquee investors Rakesh Jhunjhunwala and IIFL, has seen a subscription 3.53 times on the first day of bidding. The issue will be open till March 19. The offer has received bids for 1.03 crore equity shares against the IPO size of 29.20 lakh equity shares, the subscription data available on exchanges showed. Retail investors have put in 14.52 times more bids than the portion reserved for them. The portion set aside for non-institutional investors is subscribed 2.58 times and that of employees is booked 2.08 times. The company has reserved Rs 2 crore worth of shares for its employees.

Nazara IPO: 49 million active users; 32% of revenue came from esports in H1FY21

Nazara Technologies raises Rs 100 Cr funding through Hornbill Capital

Nazara Technologies raises Rs 100 Cr funding through Hornbill Capital Mumbai, Feb 15 (UNI) Nazara Technologies, a leading diversified gaming and sports media platform, on Monday said that it has raised Rs 100 crore from Instant Growth Limited (IGL) which is advised by Hornbill Capital Advisers LLP. IGL is an investment vehicle of the North America based limited partners (LPs) of Hornbill Orchid India Fund. Hornbill Capital Advisers LLP (Hornbill Capital) is an India based investment advisory firm founded by Manoj Thakur in 2014. Hornbill Capital acts as an advisor to Hornbill Orchid Investment Manager Private Limited which manages Hornbill Orchid India Fund, a Mauritius based hedge fund that invests in India as a Foreign Portfolio Investor.

Rakesh Jhunjhunwala-backed gaming company raises Rs 100 crore ahead of proposed IPO

Nazara Technologies is the first Indian gaming technology company to seek a market debut.  Representational image  New Delhi: Gaming and sports media company Nazara Technologies has raised Rs 100 crore from a Mauritius-based hedge fund. Instant Growth Ltd (IGL), an investment vehicle of the North America-based limited partners (LPs) of Hornbill Orchid India Fund, has made this investment. “We are glad that they (Hornbill) share our conviction and excitement on the future of the gaming sector in India and the value creation potential which gaming offers to the investors,” the Economic Times quoted Manish Agarwal, CEO of Nazara as saying.

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