Nazara Technologies IPO: The firm was based by gamer Nitish Mittersain within the yr 2000
Nazara Technologies’ preliminary public providing (IPO) opens for subscription at this time i.e. March 17. The Rakesh Jhunjhunwala-backed gaming firm will challenge shares within the worth band of Rs 1,100 to Rs 1,101 per share. The major market provide will shut on March 19. The shares are more likely to be listed on each, BSE and NSE on March 30, 2021.
The preliminary public providing might be a proposal on the market (OFS) by present shareholders and there won’t be any recent challenge of shares. The promoters and present buyers are providing 5.29 million shares, or 16.7 per cent stake and can be capable to rake in Rs 582.91 crore on the greater finish of the worth band.
Bids will be made for a minimal one lot of 13 fairness shares and in multiples, extending as much as 13 heaps; translating right into a minimal funding of Rs 14,313 per individual.
A complete of 75 per cent of the difficulty might be reserved for certified institutional patrons, 15 per cent for non-institutional buyers and 10 per cent for retail buyers. A portion of the difficulty will even be reserved for workers, at a reduction of Rs 110 per share.
Nazara Technologies was based by gamer Nitish Mittersain within the yr 2000 and is likely one of the main eSports corporations within the nation at this time. It operates in 52 nations unfold throughout North America, Middle East, Africa, and Southeast Asia.
ICICI Securities, IIFL Securities, Jefferies India and Nomura are the ebook working lead managers to the general public provide, whereas Link Intime India is the registrar to the difficulty.
