Nazara Technologies IPO - Date, Price Band, Allotment Status, Other Details

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Nazara Technologies Limited is all geared up for its first pure innings on the Stock Exchange. This IPO is an Offer For Sale (OFS) and not a fresh issue, thus 55,43,052 Equity Shares are issued on the Face value of INR 13 per share with the issue price ranging from INR 1100 – 1101 per share. Bids can be made by individual retail investors in the lots of minimum of 13 shares to a maximum of 13 such lots. The offer opens on 17^th March 2021 and closes on 19^th March 2021. This is the second ever listing by the company and is expected to perform decent due to the massive increase in the revenue during the Lockdown due to the pandemic during the year 2020.

Nazara Technologies About the company:

Nazara is India’s foremost company engaged in sports media platform and gaming with foot prints in India and across developed global markets like in the areas of North America and Africa. Rakesh Jhunjhunwala has a robust share in the holdings in this company established in 1999. The company is actively involved in gamified early learning ecosystem, Esports and interactive gaming including CarromClash in mobile games, World Cricket Championship (WCC), Sportskeeda and Nodwin in Esports, Kiddopia in gamified, Qunami and Halaplay in fantasy, skill-based and trivia games. This IPO will be a turning stone in the journey of this company and it will place itself as the first ever gaming company to get listed in stock-exchanges with equity shares.

Nazara Technologies IPO date:

Initial Public Offer is open for public subscription on 17^th March 2021 and the closing date of the same is 19^th March 2021.

Nazara Technologies issue size:

The very first issue of the company will be Offer for Sale (OFS) and not a fresh issue of the shares. As per an old DRHP in 2018 filed by the company the total size of the issue will be precisely 55,43,052 equity share OFS.

Nazara Technologies issue breakup:

A detailed breakup of the promoters of the company and the sale of their holdings are:

3,60,299 equity share by Mitter Infotech LLP.
51,82,753 equity shares by Westbridge Ventures II Investment Holdings

Nazara Technologies price band:

Share price band ranges between INR 1100 – 1101 and the Face Value of each equity share is INR 4 in this IPO from Nazara Technologies Ltd.

Nazara Technologies objectives of IPO:

Major objectives behind this IPO by the company are-

Since the IPO is routed through OFS so no inflow of fresh funds to the company rather to decentralise the holding of the shares.
Draw benefits of listing of equity shares on a stock exchange.

Nazara Technologies IPO Tentative Date sheet:

Opening Date IPO	17^th March 2021
Closing Date IPO	19^th March 2021
Basis of Allotment Date	24^th March 2021
Initiation of Refunds	25^th March 2021
Credit of shares to DEMAT Account	26^th March 2021
IPO Listing Date	30^th March 2021

Nazara Technologies Lot size IPO:

A retail individual investor can apply for a lot of minimum 13 shares at a time for a total value of INR 14,313, to a maximum of 13 such lots i.e. 169 shares for the aggregate value of INR 1,86,069.

Nazara Technologies Promoter Holding IPO distribution:

Nitish Mittersain, Viksah Mittersain and Mitter Infotech LLP are the promoters of the company, holding up to 24.16% per-issue which is supposed to slide down to 20.70% of the total holding post OFS in this IPO.

Nazara Technologies listing:

The Book Build Issue IPO of the company is scheduled to be listed at BSE and NSE both.

Nazara Technologies BRLM for IPO:

Nomura Financial Advisory, ICICI Securities, Jefferies India and IIFL Securities are the Book Running Lead Managers (BRLM) to the IPO.

Nazara Technologies Restated Consolidated Financial Summary:

Particulars	For the Year/Period ended (INR in Millions)
	30^th Sept 2020	31^st Mar 2020	31^st Mar 2019	31^st Mar 2018
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 (PAT)	(101.07)	(266.15)	(67.13)	(10.23)