Nazara Technologies IPO will open for subscription from 17 March 2021. The company aims for an issue size of ₹546.70 Crore through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Nazara Technologies Limited
Incorporated in 1999, Nazara Technologies Ltd is a leading mobile game company in India. The company offers a range of diversified gaming products across the Interactive gaming, eSports, and gamified early learning ecosystem across emerging markets i.e. India, Africa, South East Asia, Middle East, and Latin America. It is one of the leading live eSports streaming and on-demand eSports media content providers in India. CarromClash and World Cricket Championships in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports, and Halaplay and Qunami are some of its offerings.
The business operates in different segments; Subscription-based business, Freemium Business, eSports, Gamified early learning, and Real money gaming. Subscription business focuses on mass mobile internet users comprising mainly first-time mobile gamers. The company derives maximum revenue from subscription fees charged from customers under the gamified early learning and eSports business segments, accounted for 71.03% of revenues for the six months period ended on Sep 30, 2020.
Objectives of the Issue
- To achieve the benefits of listing Equity Shares on the Stock Exchanges.
- To carry out the sale of up to 5,294,392 Equity Shares by the Selling Shareholders.
Competitive Strengths
- One of the leading eSports companies in India.
- Diversified business based on the geographical presence and gaming products.
- Strong leadership backed by marquee investors.
- Asset light business model.
Basic details about the company
| Full name | Nazara Technologies Limited |
| Sector | Information Technology |
| Industry | BPO/ITES |
| Company Website | www.nazara.com |
Dates to remember
| IPO Open | 17 March 2021 |
| IPO Close | 19 March 2021 |
| Basis of Allotment | 24 March 2021 |
| Refunds date | 25 March 2021 |
| Credit to Demat Account | 26 March 2021 |
| Listing Date | 30 March 2021 |
IPO details
| Issue type | Book Built Issue |
| IPO issue size | ₹546.70 Crore |
| Face value | ₹4 per equity share |
| Price band | ₹1100 to ₹1101 per equity share |
| Retail portion | 10% |
| Lot size | 13 Shares |
| Minimum application | 1 Lot-13 Shares |
| Maximum application | 13 Lot-169 Shares |
| Minimum application amount | ₹14,313 |
| maximum application amount | ₹186,069 |
| Listing Exchange | BSE & NSE |
Financial summary
| Particulars | For the year/period ended (₹ in millions) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 7,986.55 | 7,768.29 | 5,145.83 | 4,707.59 |
| Total Revenue | 2,070.06 | 2,621.46 | 1,860.98 | 1,819.40 |
| Profit After Tax | (101.07) | (266.15) | 67.13 | 10.23 |
Valuation of Nazara Technologies (as of FY2020)
| Earnings Per Share (EPS) | ₹0.77 |
| Price/Earnings (PE ratio) | NA |
| Return on Net Worth (RONW) | -0.46% |
| Net Asset Value (NAV) | ₹168.47 per share (as of 30 Sep 2020) |
Company Promoters
- Vikash Mittersain
- Nitish Mittersain
- Mitter Infotech LLP
Lead Managers
- ICICI Securities Limited
- IIFL Holdings Limited
- Jefferies India Private Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar of Nazara Technologies IPO
Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: nazara.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Nazara Technologies Contact Details
Nazara Technologies Limited
51-57, Maker Chambers 3,
Nariman Point,
Mumbai 400 021
Maharashtra, India
Phone: +91 22 4033 0800
Email: cs@nazara.com
Website: www.nazara.com
Nazara Technologies IPO Allotment Status
Nazara Technologies IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Nazara Technologies IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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