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Nazara Technologies IPO kicks off today: Should you subscribe?

Highlights Offers to raise an estimated Rs 3,764 crore. Shares of these companies will be listed on BSE and NSE. New Delhi: Gaming firm Nazara Technologies Rs 583-crore public issue will see sale of 52,94,392 equity shares by the promoters and existing shareholders. The company, backed by ace investor Rakesh Jhunjhunwala, is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series.  The company on Tuesday said it has mopped up a little over Rs 261 crore from from anchor investors ahead of its initial public offer, which opens for subscription on Wednesday. The company s initial public offer (IPO) committee has decided to allocate 23,73,395 shares to 43 anchor investors at Rs 1,101 per piece. At this price, the firm has raised Rs 261.31 crore, Nazara Technologies informed BSE.

Kalyan Jewellers Rs 1,175-crore IPO opens today: Should you subscribe? | Markets News

Highlights Offers to raise an estimated Rs 3,764 crore. Shares of these companies will be listed on BSE and NSE. New Delhi: Kalyan Jewellers India IPO opens for public subscription on Tuesday. The Rs 1,175-crore IPO of Kalyan Jewellers India Ltd comprises issuance of fresh equity aggregating up to Rs 800 crore and an offer for sale worth Rs 375 crore. Kalyan Jewellers promoter T S Kalyanaraman would be offloading shares worth up to Rs 125 crore, while Highdell Investment Ltd, an affiliate of Warburg Pincus, would sell up to Rs 250 crore worth of shares through the OFS route. The company has set the price band at Rs 86-87 a share for the initial share-sale, which will conclude on March 18.

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