Nazara Applied sciences IPO Overview 2021: The Nazara Applied sciences Ltd IPO opens on seventeenth March and closes on nineteenth March 2021. On this article, we cowl the Nazara Applied sciences Ltd IPO Overview and look into essential IPO data and discover out the doable prospects of the corporate. Learn the whole article which is able to take 5 minutes to reply the query, Must you subscribe?
Nazara Applied sciences IPO Overview – In regards to the Firm
Based in 1999 by Nitish Mittersain, Nazara Technologies Ltd is the main India based mostly gaming firm. The corporate has provides merchandise throughout interactive gaming, esports and gamified early studying ecosystems. A few of its well-known video games embody CarromClash, World Cricket Championships and Motu Patlu sequence.
They’ve additionally gamified early studying within the sport Kiddopia, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy and trivia video games. Though a market chief in India the corporate additionally enjoys a great presence in Africa, South East Asia, Center East, and Latin America.
The corporate can also be backed by buyers like Utpal Sheth and Rakesh Jhunjhunwala aka the massive bull. He’s recognized to spend money on high quality corporations that provide multifold returns in the long term.
Earlier this month Nodwin gaming a subsidiary of Nazara the place they personal a 55% stake, raised Rs 164 crore from the makers of the favored sport ‘PlayerUnknown’s Battlegrounds’ (PUBG)- Krafton a South Korean firm.
NazaraTechnologies have focussed on sustaining nearly all of their progress by the funds they generate from their operations. This has helped them preserve optimistic EBITDA. They’ve raised Rs 12.63 crore (in two tranches – 2005 and 2007) and Rs 76.53 crore in 2018.
The corporate has maintained good financials with over Rs 400 crore in money. They’ve invested over Rs 300 crore into different Indian gaming corporations over the past 5 years.
In contrast to most companies that had been severely affected by the COVID-19 restriction, Nazara’s buyer base boomed. They acquired a median of 40.17 million Month-to-month Energetic Customers (“MAUs”) for Monetary Yr 2020. For the 9 month interval ending in December, the corporate acquired a median MAU of 57.54 million.
Nazara Applied sciences IPO Overview- Key IPO Info
Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP are promoters of the corporate. They are going to be participating within the provide on the market by promoting 52,94,392 fairness shares or a 16.7% stake. They are going to rake in Rs 582.91 crore on the higher band of the IPO.
Different buyers like Mitter Infotech LLP, IIFL Particular Alternatives Fund, Good Sport Funding Belief, IndexArb Securities and Azimuth Investments will even be promoting shares within the IPO.
IIFL will probably be partially exiting the corporate. They at present maintain over 21% stake and will probably be promoting off a 14% stake within the firm. Others will probably be promoting a 2.25% stake out of their complete 22.5% holdings. Rakesh Jhunjhunwala, who owns a ten.8% stake, has determined to remain invested within the firm.
The promoters have appointed ICICI Securities, Nomura Monetary Advisory and Securities (India) Non-public Restricted, Jefferies India Non-public Restricted and IIFL Securities because the lead managers to the difficulty. Hyperlink Intime India Non-public Ltd has been appointed because the registrar to the IPO.
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|IPO Measurement||₹582.91 Cr|
|Provide For Sale(OFS)||₹582.91 Cr|
|Opening Date||Mar 17, 2021|
|Closing Date||Mar 19, 2021|
|Face Worth||₹4 per fairness share|
|Value Band||₹1100 to ₹1101 per fairness share|
|Lot Measurement||13 Shares|
|Minimal Lot Measurement||1|
|Most Lot Measurement||13|
|Itemizing Date||Mar 30, 2021|
It’s also essential to notice that this the second time that Nazara Applied sciences has tried an IPO. That they had earlier filed a draft crimson herring prospectus in 2018 however backed out citing market circumstances.
Objective of the Nazara Applied sciences IPO
The corporate has opted for the IPO for the next two causes:
- To realize the advantages of itemizing Fairness Shares on the Inventory Exchanges.
- To hold out Provide for Sale.
The Nazara Applied sciences Ltd IPO opens on seventeenth March and closes on nineteenth Mar 2021. Earlier than investing potential buyers should fastidiously contemplate each the longer term prospects and the dangers related to the corporate.
That’s all for this submit. Do tell us what you consider Nazara Applied sciences Ltd IPO Overview. Are you planning to use for this IPO or not? Remark under. Cheers!
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Aron, Bachelors in Commerce from Mangalore College, entered the world of Fairness analysis to discover his pursuits in monetary markets. Outdoors of labor, you may catch him binging on a present, supporting RCB, and dreaming of visiting Kasol quickly. He additionally believes that consuming child’s ice-cream is one of the best ways to show them taxes.