Tuesday, April 13, 2021

Nazara Technologies IPO Details

Nazara Technologies IPONazara Technologies IPO description – Nazara Technologies is a gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America. The company’s offerings include interactive gaming, eSports and gamified early learning ecosystems including World Cricket Championship (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.

The company built capacities and capabilities across its offerings in India, targeting gamers within the country, and then replicated its business model in global markets to target gamers. The content is developed in India for the Indian as well as global audience, allowing it to achieve scale, as evidenced by an average of 40.17 million MAUs for FY2020 and an average of 49.25 million MAUs across all games for the six month period ended 30 September 2020. In addition to a strong portfolio of 143 offerings, its growth is also driven by the strong tailwinds across mobile gaming and eSports in India and across the globe, with a further acceleration seen in the calendar year 2020 on account of COVID-19.

Promoters of Nazara Technologies – Vikash Mittersain, Nitish Mittersain and Mitter Infotech LLP
Nazara Technologies IPO details
Subscription Dates 17 – 19 March 2021
Price Band INR1,100 – 1,101 per share
Fresh issue Nil
Offer For Sale 4,965,476 shares (INR546.2 – 546.70 crore)
Total IPO size 4,965,476 shares (INR546.2 – 546.70 crore)
Minimum bid (lot size) 13 shares
Face Value  INR4 per share
Retail Allocation 10%
Listing On NSE, BSE
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Nazara Technologies’ financial performance (in INR crore)

  FY2018 FY2019 FY2020 H1 FY2021
Revenue 181.9 186.1 262.1 207.0
Expenses 133.4 174.3 281.1 213.6
Comprehensive income 2.6 18.0 -10.5 -14.4
Net margin (%) 1.4 9.7 -4.0 -7.0

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: [email protected] 
Website: www.nazara.com

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: [email protected]
Website: http://www.linkintime.co.in

Valuation of Nazara Technologies (as of FY2020)

Earnings Per Share (EPS): -INR0.77
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): -0.46%
Net Asset Value (NAV): INR168.47 per share (as of 30 Sep 2020)

Nazara Technologies IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 15,82,264 0.37 0.72 103.77
NII 7,91,131 2.85 7.73 389.90
Retail 5,27,421 16.76 44.47 75.29
Employee 20,181 2.28 5.33 7.54
Total 29,20,997 4.01 10.55 175.46

Nazara Technologies IPO: Avoid or Subscribe?

Aditya Birla Money – Subscribe
Angel Broking – Subscribe
BP Wealth – Subscribe for Listing Gains
Choice Broking – Subscribe
Cholamandalam Securities – Subscribe
Elite Wealth – Subscribe
GEPL Capital – Subscribe
LKP Securities – Subscribe
Religare Broking – Subscribe for Long Term
Samco Securities – Subscribe for listing gains
SMC Global –  2/5
Ventura Securities – Not rated

Nazara Technologies IPO Allotment Status

Nazara Technologies IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Listing Performance of Nazara Technologies

IPO Opening Date: 17 March 2021
IPO Closing Date: 19 March 2021
Finalisation of Basis of Allotment: 24 March 2021
Initiation of refunds: 25 March 2021
Transfer of shares to demat accounts: 26 March 2021
Listing Date: 30 March 2021
Opening Price on NSE: INR1,990 Per share (up 80.74% from IPO price)
Closing Price on NSE: INR1,592 Per share (up 44.59% from IPO price)

3 COMMENTS

  1. Nazara is the leading gaming company in India which is launching its maiden IPO today. With many recent acquisitions, a careful expansion strategy targeting a focused audience across countries and an entry into the immensely potential edutainment sector, the company has scripted a promising journey thus far.

    Dalal Street is very optimistic about this IPO. Market support for the launch has rallied owing to Nazara’s affiliation with marquee investors like Rakesh Jhunjhunwala and others.

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