Nazara Technologies raised Rs 583 crore by means of its public problem.
Shares of Nazara Technologies, the nation’s first on-line gaming firm to get listed on exchanges, fell a day after making a bumper inventory market debut. Nazra Technologies shares declined as a lot as 10 per cent to hit an intraday low of Rs 1,432 on the National Stock Exchange. The inventory in yesterday’s session opened for buying and selling at Rs 1,971 on the BSE, a premium 79.02 per cent in comparison with the difficulty value of Rs 1,101. On the NSE, the shares listed at a premium of 80.74 per cent at Rs 1,990.
Nazara Technologies public provide was subscribed 175.46 instances, based on subscription knowledge on the exchanges. The portion put aside for retail buyers was subscribed 75.29 instances, non-institutional buyers’ portion was subscribed 389.89 instances and certified institutional consumers section attracted 103.77 subscription.
The firm had raised Rs 583 crore by means of its public problem, which was a suggestion on the market by shareholders.
Nazara Technologies operates in varied segments, together with subscription-based enterprise, eSports, gamified early studying and cash gaming. It has a presence throughout India, and in world markets similar to Africa and North America. Nazara Technologies is backed by ace investor Rakesh Jhunjhunwala.
As of 10:55 am, Nazra Technologies shares have been buying and selling 2.2 per cent decrease at Rs 1,557, underperforming the Nifty which was down 0.73 per cent.
