Get Nazara
Technologies IPO details. Find IPO Date, Price, Live Subscription,
Allotment, Grey Market Premium GMP, Listing Date and Review.
Nazara
Technologies Limited is one of the leading ‘Interactive Gaming and new age
Sports Media’ company headquartered in Mumbai and having operations in 60
countries spread across India, Asia, Africa and Middle East. Nazara Technologies Limited has
diversified business models and comprise of Subscription, Freemium, eSports,
Skill Based Gaming in India and Chance based Gaming business in Kenya, Africa.
Nazara
Technologies Limited’s goal is to cater to billion plus mobile internet
players across emerging markets who have embraced social multiplayer
interactive gaming as the foremost form of entertainment. Nazara Technologies Limited generates
revenues from following business models and partners with digital payment
providers, telecom carriers, ISPs and ad networks to offer a seamless intuitive
experience to the players on Nazara
Technologies Limited’s offerings.
Summary of Nazara Technologies IPO:
Nazara
Technologies IPO is one of the upcoming IPO drafted with SEBI. The company
is going with 55,43,052 equity shares in the market. In this Article, we will
do a detailed review of Nazara
Technologies IPO. Other than review, we will look into some of the
important aspect of this IPO like IPO Object, Allotment Status, IPO issue
details, Company background, Companies financials, IPO release date, IPO price
band, Grey market pricing & more
The
IPO from the Nazara
Technologies Limited is the first IPO
to be raised by an online gaming company. The company designs and develops games
for mobiles and other electronic devices have drafted papers with SEBI to raise
an IPO.
The
company is the brain behind some of the popular games like Chhota Beam, Motu
and Patlu Series and World Cricket Championship. 5,543,052 number of equity shares are to be
sold by the company by the existing shareholders of the company.
The
equity shares are being sold in order to improve the brand value of the company
and to provide liquidity to the equity shares held by the existing
shareholders.
The
ICICI Securities and Edelweiss Financial Services are proposed to manage the
Initial Public Offer of the company. The equity shares of the company will be
listed on both the major stock exchanges like BSE and NSE.
West
Bridge Ventures Investment Holdings and Mitter Infotech hold the major equity
shares that are listed on the draft red herring prospectus.
Nazara
Technologies IPO date has not been released yet. Once the IPO date has been
issued, the subscription details will be updated regularly. The Allotment
status will be announced about 3-4 weeks of the IPO issue date. The price band
of the IPO will be known only after the offer price of the IPO issues is known.
One can know about the price band of the IPO in about a week.
Planify view over Nazara Technologies:
·
Company’s games
have consistently been part of the top three games on the top free charts on
the Google Play Store ahead of certain globally established names such as Candy
Crush, Subway Surfer and Temple Run.
·
The company has
made investments in key areas of growth like In App Purchases (IAP) segment and
Games played for Real Money segment.
·
Considering the
previous years’ track record of the company, we believe that the company has
the potential to create a monopoly in the online gaming industry in India.
·
To conclude, we
rate this company a 4 out of 5 and recommend a buy in this share as the
financials are quite good and the company is backed by strong management.
Disclaimer:
Generally, Investments made in Pre-IPO are speculative, illiquid and carry a high degree of risk. The investment made on the Planify platform is made through pooled investment vehicles, which acquire shares of private technology companies and are not a direct investment in these companies.
No comments:
Post a Comment