Nazara Technologies is the nation’s first gaming firm to be listed on inventory exchanges
Nazara Technologies shares are prone to be listed on the inventory exchanges on March 30. The public provide of the Rakesh Jhunjhunwala-backed cellular gaming firm was subscribed 175.46 occasions, in accordance with subscription information on the exchanges. The portion put aside for retail buyers was subscribed 75.29 occasions, non-institutional buyers’ portion was subscribed 389.89 occasions and certified institutional consumers phase attracted 103.77 subscription.
The Rs 582.91 crore IPO was open for subscription between March 17 and March 19 and the shares had been offered within the worth band of Rs 1,100-Rs 1,101 per share.
Nazara Technologies was included within the yr 1999. It is India’s main cellular gaming firm as we speak and the nation’s first gaming firm to be listed on the inventory exchanges.
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 resembling Africa and North America. Nazara Technologies is backed by ace investor Rakesh Jhunjhunwala.
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