Nazara Technologies IPO subscribed 4.01 times, retail portion booked 16.75 times
Nazara Technologies IPO subscription: The share sale received bids for 1.17 crore equity shares against the IPO size of 29.20 lakh equity shares
BusinessToday.In | March 18, 2021 | Updated 09:24 IST
Retail investors submitted bids 16.75 times the reserved portion, while that of non-institutional investors is subscribed 2.85 times.
The initial public offer (IPO) of Nazara Technologies was subscribed 4.01 times on the first day of bidding. The share sale received bids for 1.17 crore equity shares against the IPO size of 29.20 lakh equity shares.
Retail investors submitted bids 16.75 times the reserved portion, while that of non-institutional investors is subscribed 2.85 times. Employees portion was booked 2.28 times. The company will allot Rs 2 crore worth of shares to its employees.