Thursday, April 23, 2020

Nazara Technologies Pre IPO (Review

Nazara Technologies has started an advertisement on TV channels as part of PR activities by Merchant Banker before IPO for creating the name of the brand.



This is one of the biggest beneficiaries in lockdown where people are playing games, watching movies to kill time. You would have seen an upsurge in Netflix stock on Nasdaq yesterday post the results.



Nazara is India's biggest Mobile Gaming Company

Market Leader in esports and local mobile games

61 Countries,

15 Crore Users,

2 Crore Monthly Active Users

Revenue - 167 Crores

Profit Growth - 261%

Popular Investor - Rakesh Jhunjhunwala - 180 Crore stake

IIFL - 330 Crore Stake



PreIPO available for investment. Last private placement has happened at 724 Rs./share.



Limited Stock to invest. First come first serve basis.



https://youtu.be/AQ3l2wTCmzQ

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