Rakesh Jhunjhunwala-backed Nazara Technologies IPO opens on March 17, 2021

 

Nazara Technologies Ltd IPO 

Nazara Technologies Ltd IPO will open on March 17, 2021 and the price band of the IPO has been fixed at ₹1,100 to ₹1,101/Share. The company looks to raise ₹583 Crore from the public issue offer.

  Bidding for anchor investors will open on March 16, 2021.

The opening date of the upcoming IPO from Nazara Technologies is 17th March, 2021 and the closing date is March 19th March, 2021.

The Nazara Technologies Ltd IPO market lot size is 13 shares. A retail-individual investor can apply for up to 13 lots (169 shares or ₹186,069).

Nazara Technologies' public issue will see sale of 52,94,392 equity shares by the promoters and existing shareholders.

Nazara Technologies is a leading India-based diversified gaming and sports media platform with a      presence in India and across emerging and developed global markets such as Africa and North America, with offerings across the interactive gaming, eSports, and gamified early learning ecosystems.

The company owns some of the most recognisable IPs, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy and trivia games. Rakesh Jhunjhunwala holds about 11.51% stake in the company.