Indian Gaming Sector enters Stock markets when Indian game company Nazara Technologies go public, the CEO says it's public the listing will put Indian gaming on the world Map.
The Indian Gaming and Sports media company Nazara Technologies open its much-awaited initial public offering (IPO) on March 17 to March 19, as India warms up to innovation Organizations heading for the public markets. Nazara Technologies IPO is a main-board IPO of 5,294,392 equity shares of the face value of ₹4 aggregating up to ₹582.91 Crores. The issue is priced at ₹1100 to ₹1101 per equity share. The minimum order quantity is 13 Shares.
“Nazara's IPO is an incredible commitment to the gaming industry in India. Post our IPO, an Indian gaming organization will be followed openly from across the world. This will likewise welcome more inquiries about the Indian gaming industry and entrepreneurs. India is still under-entered from a gaming perspective. Knowing there is a recorded stock that can be followed across the world forecasts well for the gaming industry,” said Manish Agarwal, CEO of Nazara Technologies.
India's top e-sports company, Nazara Technology has gotten the first of its sort to open up to the world about an IPO. Nazara's issue was bought on 3.8 occasions on the first day of the season on Wednesday and the versatile gaming firm is hoping to raise Rs 583 crore through the IPO. Nazara as a company is available (as indicated by its site) in four areas namely, gamified early learning, esports, games, and telco subscription.
Nazara holds the licensed mobile gaming rights of popular cartoon characters like Chhota Bheem, Motu Patlu, and Shikari Shambhu. It has also established itself in 64 countries across Africa, Middle East, southeast Asia, and the Indian subcontinent. Nazara recently entered into a Strategic partnership with Krafton, the creators of PUBG Mobile game and one of the pioneers of eSports gaming in South Korea.
Nazara’s stakeholders
| Promoter | Key stakeholders |
|---|---|
| Mitter Infotech | 20.57% |
| Arpit Khandelwal | 12.51% |
| Rakesh Jhunjhunwala | 11.38% |
While Mittersain individually also holds a 3.49% stake in the company, Agarwal has a 1.51% stake.
Some of Nazara’s top acquisitions
| Startup | Sector | Investment |
|---|---|---|
| Paper Boat Apps | Mumbai-based indie studio | ₹83.5 crore |
| Sports Unity | Creator of multiplayer quiz called Qunami | ₹7.5 crore |
| SportsKeeda | Sports media platform | ₹44 crore |
| Bakbuck | Local languages gaming platform | undisclosed |
| Halaplay | Fantasy gaming platform | ₹40 crore |
Nazara Technologies IPO Tentative Timetable
| IPO Open Date | Mar 17, 2021 |
| IPO Close Date | Mar 19, 2021 |
| Basis of Allotment Date | Mar 24, 2021 |
| Initiation of Refundse | Mar 25, 2021 |
| Credit of shares to Demat Account | Mar 26, 2021 |
| IPO Listing Date | Mar 30, 2021 |
Initial public offering (IPO) is a gigantic achievement, yet Nazara has more designs for what's to come. "IPO is an enormous achievement in our journey, and the excursion is that we need to be in the Top 5 global gaming companies. It is an essential tool for us to accomplish that goal," said Agarwal.
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