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.
Nazara Tech IPO to open on March 17: Check price band, listing date, other details
Nazara Technologies IPO: The price band for the issue has been fixed at Rs 1,100-01, while bid lot size is of 13 shares and in multiple thereof
BusinessToday.In | March 16, 2021 | Updated 13:35 IST
Nazara Tech IPO to close on March 19
Ace investor Rakesh Jhunjhunwala-backed Nazara Technologies, an India-based gaming and sports media platform, is all set to launch its three-day initial public offering (IPO) on March 17. The company, popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series, plans to raises Rs 582 crore from IPO through offer for sale (OFS) of up to 5,294,392 equity shares. The price band for the issue has been fixed at Rs 1,100-01. The bid lot size is of 13 shares and in multiple thereof. The equity shares of Nazara Technologies will be listed on the BSE and the NSE.
Updated Mar 12, 2021 | 20:04 IST
Nazara Technologies Joint MD Nitesh Mittersain and Manish Agarwal, CEO, told ET NOW that India improved quality of internet connectivity driven by mobile internet and fibre are good for the gaming industry. Nazara Tech IPO: 50-70 million paying customers core of company, says CEO | Photo Credit: Times Now
The Initial Public Offering (IPO) of Nazara Technologies, which counts billionaire investor Rakesh Jhunjhunwala among stakeholders, will open for subscription on Wednesday, March 17. The maiden public offer is in a price band of Rs 1,100-1,010 per share which will close on March 19.
The IPO is an offer-for-sale (OFS) of up to 5.29 million shares by promoters and shareholders current shareholders including Mitter Infotech, IIFL Special Opportunities Fund, Seedfund 2, Good Game Investment Trust Porush Jain and Azimuth Investments. The issue is expected to fetch Rs 583 crore at the upper price band.