Nazara Technologies IPO

Nazara Technologies IPO Details and Analysis

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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 nameNazara Technologies Limited
SectorInformation Technology

Dates to remember

IPO Open17 March 2021
IPO Close19 March 2021
Basis of Allotment24 March 2021
Refunds date25 March 2021
Credit to Demat Account26 March 2021
 Listing Date30 March 2021

IPO details

Issue typeBook Built Issue
IPO issue size₹546.70 Crore
Face value₹4 per equity share
Price band₹1100 to ₹1101 per equity share
Retail portion10%
Lot size13 Shares
Minimum application1 Lot-13 Shares
Maximum application13 Lot-169 Shares
Minimum application amount₹14,313
maximum application amount₹186,069
Listing ExchangeBSE & NSE

Financial summary

ParticularsFor the year/period ended (₹ in millions)
Total Assets7,986.557,768.295,145.834,707.59
Total Revenue2,070.062,621.461,860.981,819.40
Profit After Tax(101.07)(266.15)67.1310.23

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

Nazara Technologies Contact Details

Nazara Technologies Limited
51-57, Maker Chambers 3,
Nariman Point,
Mumbai 400 021
Maharashtra, India
Phone: +91 22 4033 0800

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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