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
|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.