Nazara Technologies IPO:GMP, Issue Price and Issue Size

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Nazara Technologies IPO is a leading mobile game company in India and is all set to make a debut in the stock market with an issue size of 582.91 Cr.     

Nazara Technologies IPO -Overview    

Nazara Technologies IPO Issue Date           17-19 March 2021          
Nazara Technologies IPO Opening Date           17 March 2021         
Nazara Technologies IPO Face Value           INR 4 per share           
Nazara Technologies IPO Price           INR 1101 per share          
Nazara Technologies IPO Lot Size           13 Shares          
Issue Size           582.91 Cr          
Offer for sale           582.91 Cr 
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE.
QIB Shares Offered             103.77 times          
NII (HNI) Shares           389.89 times          
Company Promoters           Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP are the company promoters.  

Nazara Technologies IPO -Tentative Dates           

Nazara Technologies IPO opening date           17 March 2021             
Nazara Technologies IPO closing date           19 March 2021              
Basis of Allotment           24 March 2021          
Initiation of Refunds           25 March 2021              
The credit of Shares to Demat          26 March 2021           
Nazara Technologies IPO Listing Date           30 March 2021          

Nazara Technologies IPO – Industry Overview.          

The mobile gaming market in India is the largest gaming segment and was pegged at USD 0.3 billion in 2016. Being the largest gaming segment in India, this is the fastest-growing sector as compared to PC and Console gaming. This segment is valued at USD 1.2 billion in 2020 and is expected to reach a value of USD 3.1 billion by 2023, growing at a healthy CAGR of 39.6% during this period. 

Nazara Technologies IPO – Company Overview     

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, Southeast Asia, the Middle East, and Latin America. It is one of the leading live eSports streaming and on-demand eSports media content providers in India. Carro Clash and World Cricket Championships in mobile games, Kiddopia in gamified early learning, Godwin 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, which accounted for 71.03% of revenues for the six months ended. 

 Nazara Technologies IPO -Objectives           

  • 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 

Nazara Technologies IPO – Financial Statements          

Particulars          31-Sept-20  31-Mar-20        31-Mar-19        
Total Assets          7,986.55 7,768.29 5,145.83 
Total Revenue          2,070.06 2,621.46 1,860.98 
Profit After Tax          101.07 266.15 67.13 

Nazara Technologies IPO – Strengths          

  • One of the leading eSports companies in India. 
  • Diversified business based on geographical presence and gaming products. 
  • Strong leadership backed by marquee investors. 
  • Asset light business model. 

Nazara Technologies IPO- Weakness                               

  • Nazara Technologies suffered a huge loss of Rs.26.61 crore in 2020.  
  • A substantial portion of the company’s revenue depends upon its subscription business. 
  • Nazara Tech relies on third parties for distributing its mobile games. 

Company Contact Information 

Nazara Technologies Limited 
51-57, Maker Chambers 3, Nariman Point 
Mumbai 400 021 
 
Phone: +91 22 4033 0800 
Email: cs@nazara.com 
Website: https://www.nazara.com/ 

Nazara Technologies IPO Registrar 

Link Intime India Private Ltd 
 
Phone: +91-22-4918 6270 
Email: nazara.ipo@linkintime.co.in 
Website: https://linkintime.co.in/ 

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