Nazara Tech IPO opens on March 17; price band fixed at ₹1,100-₹1,101 per share adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Rakesh Jhunjhunwala-backed Nazara Technologies to launch IPO on March 17
Nazara Technologies IPO: The online gaming company has fixed the issue price at Rs 1,100-1,101 apiece, which would fetch around Rs 583 crore
BusinessToday.In | March 12, 2021 | Updated 13:51 IST
Rakesh Jhunjhunwala owned 11.51 per cent shares in Nazara Technologies at the end of September quarter of 2020
Big bull Rakesh Jhunjhunwala-backed Nazara Technologies to launch three-day initial public offering (IPO) on March 17. The online gaming company has fixed the issue price at Rs 1,100-1,101 apiece. At the upper end of price band, the issue will fetch nearly Rs 583 crore to the company. The offer will close on March 19.
Jhunjhunwala-backed Nazara Tech to launch ₹583-crore IPO on Wednesday
March 12, 2021
Fixes issue price band at ₹1,100-1,101 a share
Rakesh Jhunjhunwala-backed Nazara Technologies Ltd, a gaming and sports media platform, has fixed a price brand of ₹1,100-1,101 per share for its Initial Public Offering (IPO), which will open for subscription on March 17.
The company intends to raise ₹582.91 crore at the upper end of the price band. The issue will close on March 19.
Only offer-for-sale
The entire issue is an offer-for-sale (OFS) of 53 lakh shares by IIFL Special Opportunities Fund, Mitter Infotech, Good Game Investment Trust, Seedfund 2 International and Azimuth Investments Ltd and other investors. There will not be any fresh issue offering by the company.
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.
nazara ipo details: Nazara IPO opens on March 17 to raise up to Rs 583 crore indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.