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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 ₹1101.00 per share . The lot size for an application is 13. The minimum amount of investment required by an retail is ₹14,300 (13 shares). 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 Date | March 17, 2021 to March 19, 2021 |
| Listing Date | March 30, 2021 |
| Face Value | ₹4 per share |
| Issue Price Band | ₹1100 to ₹1101 per share |
| Issue Price Final | ₹1101 per share |
| Lot Size | 13 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 52,94,392 shares (aggregating up to ₹582.69 Cr) |
| Employee Discount | ₹110.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,04,52,836 shares |
| Share Holding Post Issue | 3,04,52,836 shares |
Nazara Technologies IPO offers total 52,94,392 shares. Out of which 39,55,659 (74.71%) allocated to QIB, 15,82,264 (29.89%) allocated to QIB, 7,91,131 (14.94%) allocated to NII, 5,27,421 (9.96%) allocated to RII and 23,73,395 (44.83%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 39,55,659 (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 (14.94%) | NA |
| Retail Shares Offered | 5,27,421 (9.96%) | 40,570 |
| Employee Shares Offered | 20,181 (0.38%) | NA |
| Total Shares Offered | 52,94,392 (100.00%) |
| 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 |
Nazara Technologies IPO opens on March 17, 2021, and closes on March 19, 2021.
| IPO Open Date | Wed, Mar 17, 2021 |
| IPO Close Date | Fri, Mar 19, 2021 |
| Tentative Allotment | Wed, Mar 24, 2021 |
| Initiation of Refunds | Thu, Mar 25, 2021 |
| Credit of Shares to Demat | Fri, Mar 26, 2021 |
| Tentative Listing Date | Tue, Mar 30, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 19, 2021 |
Investors can bid for a minimum of 13 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 7,986.55 | 7,768.29 | 5,145.83 | 4,707.59 | |
| Total Revenue | 2,070.06 | 2,621.46 | 1,860.98 | 1,819.40 | |
| Profit After Tax | (101.07) | (266.15) | 67.13 | 10.23 | |
The Company Nazara Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] With negative earnings for the past 18 months, the issue is being offered at a negative P/E. Simply due to investment by big tycoon RKJ, this IPO is creating hype. Being the first mover, it might catch fancy post listing, but the offer price is very aggressive based on its financial data. Hence cash surplus, risk savvy investors may consider investment at their own risks. Read detail review...
| Listing Date | March 30, 2021 |
| BSE Script Code | 543280 |
| NSE Symbol | NAZARA |
| ISIN | INE418L01021 |
| Final Issue Price | ₹1101 per share |
| BSE Listing Group | B |
Nazara Technologies Ltd.
51-57, Maker Chambers 3, Nariman Point
Mumbai 400 021
Mumbai, Maharashtra
Phone: +91 22 4033 0800
Email: cs@nazara.com
Website: https://www.nazara.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: nazara.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Nazara Technologies IPO is a main-board IPO of 52,94,392 equity shares of the face value of ₹4 aggregating up to ₹582.69 Crores. The issue is priced at ₹1101 per share. The minimum order quantity is 13.
The IPO opens on March 17, 2021, and closes on March 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 March 17, 2021 and closes on March 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 Friday, March 26, 2021. Check the Nazara Technologies IPO allotment status.
The Nazara Technologies IPO listing date is on Tuesday, March 30, 2021.
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