New Delhi: Gaming agency Nazara Technologies’ Rs 583-crore public subject will see sale of 52,94,392 fairness shares by the promoters and current shareholders. The firm, backed by ace investor Rakesh Jhunjhunwala, is popularly identified for its video games on World Cricket Championship, Chhota Bheem and Motu Patlu sequence.
The firm on Tuesday stated it has mopped up slightly over Rs 261 crore from from anchor buyers forward of its preliminary public supply, which opens for subscription on Wednesday.
The firm’s preliminary public supply (IPO) committee has determined to allocate 23,73,395 shares to 43 anchor buyers at Rs 1,101 per piece. At this worth, the agency has raised Rs 261.31 crore, Nazara Technologies knowledgeable BSE.
Here is all you must learn about Nazara Technologies IPO
- The firm’s IPO shall be open for subscription throughout March 17-19 with a worth band of Rs 1,100-1,101 a share for the problem.
- Those promoting shares within the IPO embrace Mitter Infotech LLP, a promoter of the corporate, IIFL Special Opportunities Fund, Good Game Investment Trust, IndexArb Securities and Azimuth Investments.
- Among the anchor buyers are Government of Singapore, Abu Dhabi Investment Authority, Goldman Sachs India Ltd, Noumura Funds Ireland Public Limited Company, Steadview Capital Mauritius Ltd.
- In addition, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Axis MF, Sundaram MF, Kotal MF and Aditya Birla Sunlife MF too participated within the anchor e-book bidding.
- The supply features a reservation aggregating as much as Rs 2 crore for buy by the corporate’s staff.
- At the higher finish of the worth band, the IPO is predicted to fetch Rs 583 crore.
- The fairness shares are proposed to be listed on BSE and NSE.
- ICICI Securities, Nomura Financial Advisory and Securities (India) Private Limited, Jefferies India Private Limited and IIFL Securities have been appointed because the service provider bankers to handle the corporate’s preliminary public supply.
This week as many as 5 corporations have come out with preliminary public provides to boost an estimated Rs 3,764 crore.
Craftsman Automation and Laxmi Organics Industries have launched their preliminary share-sale programmes on Monday whereas that of Kalyan Jewellers India will opened on Tuesday. IPOs of Suryoday Small Finance Bank and Nazara Technologies started on Wednesday, data with the exchanges confirmed. Shares of those corporations shall be listed on BSE and NSE.
#mute
