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nazara ipo review: Nazara IPO: Should you subscribe to the issue?

NEW DELHI: Nazara Technologies, a mobile gaming company backed by ace investor Rakesh Jhunjhunwala, kick-started its IPO on Wednesday. The IPO is an offer for share (OFS) of 5.29 million shares being sold in the price band of Rs 1,100-1,101, representing a 16.7 per cent stake in the company. Ahead of its IPO, the company allotted shares worth Rs 261 crore to 43 anchor investors at Rs 1,101 per piece. At the upper limit of the price band, the issue would garner Rs 582.91 crore from investors. Nazara Technologies is the only company in India to have rights over IP and assets across grassroots, regional, national and international e-sports. The company has market-first positions in India across sports simulation and e-sports. Its e-sports content business grew 60 per cent in FY20, and has expanded nine times in the last three years.

High valuation vs growth prospects: Should you bid for Anupam Rasayan IPO?

Read more about High valuation vs growth prospects: Should you bid for Anupam Rasayan IPO? on Business Standard. While most analysts have assigned a Subscribe rating to the IPO, they have also flagged valuations concerns

Ea​sy Trip Planners IPO: Easy Trip IPO opens for subscription Can this aggressively priced issue deliver?

NEW DELHI: Easy Trip Planners Rs 510 crore IPO kicked off on Monday. The issue is entirely an offer for sale (OFS) by two promoters, who are offering Rs 255 crore worth of shares each, in the price band of Rs 186-187. The IPO is valued at 58.7 times the company s FY20 earnings, and 49 times FY21 earnings on an annualised basis. Analysts said that competition in the industry is fierce, and that they believe it would take the travel industry some time to recover from the Covid-19 blues. The liquidity profiles of the carriers, which continue to remain fragile, are essential to the growth in the company’s revenues, they added.

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