Bookbuilding IPO | ₹583 Cr | Listed at BSE, NSE | Wed, Mar 17, 2021 - Fri, Mar 19, 2021
Nazara Technologies IPO is a book build issue of ₹582.69 crores. The issue is entirely an offer for sale of 0.53 crore shares of ₹582.69 crore.
Nazara Technologies IPO bidding started from Mar 17, 2021 and ended on Mar 19, 2021. The allotment for Nazara Technologies IPO was finalized on Mar 24, 2021. The shares got listed on BSE, NSE on Mar 30, 2021.
Nazara Technologies IPO price band is set at ₹1,101 per share. The lot size for an application is 13. The minimum amount of investment required by an retail is ₹14,313 (13 shares) (based on upper price). The lot size investment for sNII is 14 lots (182 shares), amounting to ₹2,00,382, and for bNII, it is 70 lots (910 shares), amounting to ₹10,01,910.
The issue includes a reservation of up to 20,181 shares for employees offered at a discount of ₹110.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Nazara Technologies IPO RHP for detailed Information.
IPO Open
Wed, Mar 17, 2021
IPO Close
Fri, Mar 19, 2021
Issue Price
₹1101 per share
Market Cap (Pre-IPO)
₹3,352.86 Cr
| IPO Date | 17 to 19 Mar, 2021 |
| Listed on | Tue, Mar 30, 2021 |
| Face Value | ₹4 per share |
| Price Band | ₹1100 to ₹1101 |
| Issue Price | ₹1101 per share |
| Lot Size | 13 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹110.00 |
| Total Issue Size | 52,94,392 shares (agg. up to ₹583 Cr) |
| Offer for Sale | 52,94,392 shares of ₹4 (agg. up to ₹583 Cr) |
| Share Holding Pre Issue | 3,04,52,836 shares |
| Share Holding Post Issue | 3,04,52,836 shares |
| BSE Script Code / NSE Symbol | 543280 / NAZARA |
| ISIN | INE418L01021 |
Nazara Technologies IPO comprises a total issue size of 52,94,392 shares. The net offer to the public is 52,74,211 shares, after excluding 20,181 shares under a preferential allotment. Of the Net offer 39,55,659 (75.00%) are allocated to QIB, 7,91,131 (15.00%) allocated to NII 5,27,421 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 39,55,659 | 75.00% | 74.71% | NA |
| − Anchor Investor Shares Offered | 23,73,395 | 44.83% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 15,82,264 | 29.89% | NA | |
| NII (HNI) Shares Offered | 7,91,131 | 15.00% | 14.94% | NA |
| Retail Shares Offered | 5,27,421 | 10.00% | 9.96% | 40,570 |
| Preferential Reservations | ||||
| Employee Shares Offered | 20,181 | 0.38% | NA | |
| Total Shares Offered | 52,94,392 | 100.00% | 100.00% | |
Investors can bid for a minimum of 13 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 13 | ₹14,313 |
| Retail (Max) | 13 | 169 | ₹1,86,069 |
| S-HNI (Min) | 14 | 182 | ₹2,00,382 |
| S-HNI (Max) | 69 | 897 | ₹9,87,597 |
| B-HNI (Min) | 70 | 910 | ₹10,01,910 |
Nazara Technologies IPO raises ₹261.31 crore from anchor investors. Nazara Technologies IPO Anchor bid date is March 16, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 16, 2021 |
| Shares Offered | 23,73,395 |
| Anchor Portion (₹ Cr.) | 261.31 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Apr 23, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jun 22, 2021 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
Competitive Strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To carry out the Offer for Sale of 5,294,392 Equity Shares by the Selling Shareholders | |
| 2 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
The Nazara Technologies IPO is subscribed 175.46 times on March 19, 2021 5:00:00 AM (Day 3). The public issue subscribed 75.29 times in the retail category, 103.77 times in the QIB category, and 389.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 103.77 | 15,82,264 | 16,41,96,370 |
| NII | 389.89 | 7,91,131 | 30,84,57,006 |
| Retail | 75.29 | 5,27,421 | 3,97,11,945 |
| Employee | 7.55 | 20,181 | 1,52,321 |
| Total | 175.46 | 29,20,997 | 51,25,17,642 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’fees and commissions (including underwriting commission, brokerage and selling commission) | 20.40 |
| 2 | Selling commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the SponsorBank for Bids made by RIBs using UPI | 1.75 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.46 |
| 4 | Fees payable to the Registrar to the Offer | 0.99 |
| 5 | Fees payable to the other advisors to the Offer | 10.44 |
| 6 | Listing fees, SEBI filing fees, upload fees, the Stock Exchanges processing fees, book building software fees and other regulatory expenses | 2.12 |
| 7 | Printing and stationery | 0.78 |
| 8 | Advertising and marketing expenses | 1.45 |
| 9 | Fee payable to legal counsels | 2.68 |
| 10 | Miscellaneous | 1.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,101.00 | ₹1,101.00 |
| Open | ₹1,971.00 | ₹1,990.00 |
| Low | ₹1,576.80 | ₹1,592.00 |
| High | ₹2,026.90 | ₹2,024.90 |
| Last Trade | ₹1,576.80 | ₹1,592.00 |
Nazara Technologies IPO is a main-board IPO of 52,94,392 equity shares of the face value of ₹4 aggregating up to ₹583 Crores. The issue is priced at ₹1101 per share. The minimum order quantity is 13.
The IPO opens on Wed, Mar 17, 2021, and closes on Fri, Mar 19, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Nazara Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Nazara Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nazara Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nazara Technologies IPO opens on Wed, Mar 17, 2021 and closes on Fri, Mar 19, 2021.
Nazara Technologies IPO lot size is 13, and the minimum amount required for application is ₹14,313.
You can apply in Nazara Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Nazara Technologies IPO will be done on Wednesday, March 24, 2021, and the allotted shares will be credited to your demat account by Fri, Mar 26, 2021. Check the Nazara Technologies IPO allotment status.
The Nazara Technologies IPO listing date is on Tue, Mar 30, 2021.
