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Nazara Technologies Limited IPO (Nazara Technologies IPO) Detail

March 17, 2021 - March 19, 2021

Nazara Technologies IPO is a book built issue of Rs 582.91 crores. The issue is entirely an offer for sale of 0.53 crore shares.

Nazara Technologies IPO bidding started from March 17, 2021 and ended on March 19, 2021. The allotment for Nazara Technologies IPO was finalized on Wednesday, March 24, 2021. The shares got listed on BSE, NSE on March 30, 2021.

Nazara Technologies IPO price band is set at ₹1100 to ₹1101 per share. The minimum lot size for an application is 13 Shares. The minimum amount of investment required by retail investors is ₹14,313.

ICICI Securities Limited, Iifl Securities Ltd, Jefferies India Private Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Nazara Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Nazara Technologies IPO RHP for detailed information.

Nazara Technologies IPO Details

IPO Date March 17, 2021 to March 19, 2021
Listing Date March 30, 2021
Face Value ₹4 per share
Price Band ₹1100 to ₹1101 per share
Lot Size 13 Shares
Total Issue Size5,294,392 shares
(aggregating up to ₹582.91 Cr)
Offer for Sale5,294,392 shares of ₹4
(aggregating up to ₹582.91 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Nazara Technologies IPO Reservation

Nazara Technologies IPO offers 2,920,997 shares. 1,582,264 (54.17%) to QIB, 791,131 (27.08%) to NII, 527,421 (18.06%) to RII, 20,181 (0.69%) to employees. 40,570 RIIs will receive minimum 13 shares and (sNII) and (bNII) will receive minimum 182 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,582,264 (54.17%)NA
NII (HNI) Shares Offered791,131 (27.08%)
Retail Shares Offered527,421 (18.06%)40,570
Employee Shares Offered20,181 (0.69%)NA
Total Shares Offered2,920,997 (100%)

Nazara Technologies IPO Timeline (Tentative Schedule)

Nazara Technologies IPO opens on March 17, 2021, and closes on March 19, 2021.

IPO Open Date Wednesday, March 17, 2021
IPO Close Date Friday, March 19, 2021
Basis of Allotment Wednesday, March 24, 2021
Initiation of Refunds Thursday, March 25, 2021
Credit of Shares to Demat Friday, March 26, 2021
Listing Date Tuesday, March 30, 2021
Cut-off time for UPI mandate confirmation 5 PM on March 19, 2021

Nazara Technologies IPO Lot Size

Investors can bid for a minimum of 13 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 13 ₹14,313
Retail (Max) 13 169 ₹186,069
Lot Size Calculator

Nazara Technologies IPO Promoter Holding

Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP is the company promoters.

Share Holding Pre Issue 24.16%
Share Holding Post Issue 20.70%

About Nazara Technologies Limited

Incorporated in 1999, Nazara Technologies Ltd is a leading mobile game company in India. The company offers a range of diversified gaming products across the Interactive gaming, eSports, and gamified early learning ecosystem across emerging markets i.e. India, Africa, South East Asia, Middle East, and Latin America. It is one of the leading live eSports streaming and on-demand eSports media content providers in India. CarromClash and World Cricket Championships in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports, and Halaplay and Qunami are some of its offerings.

The business operates in different segments; Subscription-based business, Freemium Business, eSports, Gamified early learning, and Real money gaming. Subscription business focuses on mass mobile internet users comprising mainly first-time mobile gamers. The company derives maximum revenue from subscription fees charged from customers under the gamified early learning and eSports business segments, accounted for 71.03% of revenues for the six months period ended on Sep 30, 2020.

Competitive Strengths

  • One of the leading eSports companies in India.
  • Diversified business based on the geographical presence and gaming products.
  • Strong leadership backed by marquee investors.
  • Asset light business model.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 7,986.55 7,768.29 5,145.83 4,707.59
Total Revenue 2,070.06 2,621.46 1,860.98 1,819.40
Profit After Tax (101.07) (266.15) 67.13 10.23

Objects of the Issue (Nazara Technologies IPO Objectives)

Nazara Technologies IPO aims to raise money for the below objectives:

  • To achieve the benefits of listing Equity Shares on the Stock Exchanges.
  • To carry out the sale of up to 5,294,392 Equity Shares by the Selling Shareholders

Nazara Technologies IPO Review (May apply)

[Dilip Davda]  With negative earnings for the past 18 months, the issue is being offered at a negative P/E. Simply due to investment by big tycoon RKJ, this IPO is creating hype. Being the first mover, it might catch fancy post listing, but the offer price is very aggressive based on its financial data. Hence cash surplus, risk savvy investors may consider investment at their own risks. Read detail review...

Nazara Technologies IPO Subscription Status (Bidding Detail)

The Nazara Technologies IPO is subscribed 175.46 times on March 19, 2021 5:00:00 AM. The public issue subscribed 75.29 times in the retail category, 103.77 times in the QIB category, and 389.89 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Nazara Technologies IPO Prospectus

Nazara Technologies IPO Rating

Rating:Rated 4.0 stars
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Nazara Technologies IPO Listing Details

Listing Date March 30, 2021
BSE Script Code 543280
ISIN INE418L01021
Final Issue Price ₹1101 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Nazara Technologies Limited Contact Details

Nazara Technologies Limited
51-57, Maker Chambers 3, Nariman Point
Mumbai 400 021

Phone: +91 22 4033 0800

Nazara Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Nazara Technologies IPO FAQs

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 share. The minimum order quantity is 13 Shares.

The IPO opens on March 17, 2021, and closes on March 19, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Nazara Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Nazara Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Nazara Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nazara Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nazara Technologies IPO opens on March 17, 2021 and closes on March 19, 2021.

Nazara Technologies IPO lot size is 13 Shares, and the minimum amount required is ₹14,313.

You can apply in Nazara Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nazara Technologies IPO will be done on Wednesday, March 24, 2021, and the allotted shares will be credited to your demat account by Friday, March 26, 2021. Check the Nazara Technologies IPO allotment status.

The Nazara Technologies IPO listing date is on March 30, 2021.
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Nazara Technologies IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



625. IPO Rock Star |   Link |April 1, 2021 10:22:22 PM
Today I have buy 1500 shares @1520 and sell @ 1720 this information is only to make you April fool 🤣🤣🤣🤣🤣🤣🤣
624. krupa |   Link |April 1, 2021 6:06:47 PM (800+ Posts, 500+ Likes)
IRFC dividend credit huwa kya kisike ac me
624.1. KDKing🤴 |   Link |April 1, 2021 6:48:34 PM
Yes Long time back only...
624.2. krupa |   Link |April 1, 2021 9:08:52 PM (800+ Posts, 500+ Likes)
Ok thanks
623. Kailash sharma |   Link |April 1, 2021 8:29:52 PM
Don''t follow any "eye" whether it''s owl eye or eagleye believe in your investment take your own decisions
622. Pradip IPO |   Link |April 1, 2021 2:51:07 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Nazara 1724 High Today as of now. ( 18% Almost )

If i am not wrong.

There were few High Profile handle on Chittorgarh, who were creating panic in public in Nazara, by saying it wil go to X figure and all.

They are silent today at 18% gains.

Why ?
622.2. Have Faith |   Link |April 1, 2021 5:03:53 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Ab kha gya wo owls eye jo itna uchal rha ...usne tho apne app ko khud se market ka masiha maan liya tha gayab ...owls eye jese C harek jagh milte aware and cautious from it
622.3. TheLearner |   Link |April 1, 2021 7:24:08 PM
FOR ALL LONG TERM INVESTORS IT PROVIDED EXCELLENT opportunity to add at lower levels
after jio majority of indian public r using internet so their growth will be multifold in coming years
if u believe in long term story of mobile gaming then it shd be part of ur portfolio.
just buy small quantity and forget it for 5 to 10 years. if ur time horizon is 10 yrs then it is immaterial whether u buy at 1500 or 1900
621. P Patel |   Link |April 1, 2021 4:05:13 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
seems like, game is not over yet...
620. SKILLeagle |   Link |March 25, 2021 10:16:39 PM
out of topic. bcz not able to post on MTAR page.

If MTAR holds level of 970 and 930 on closing basis then Target of 1140 to 1170 possible once market conditions gets better. Technical view. Trading position should be closed below 930 close. bcz fresh low can be expected then.
620.1. Owls eye |   Link |March 25, 2021 10:45:27 PM (500+ Posts, 1900+ Likes)
Agreed 👍
620.2. SKILLeagle |   Link |April 1, 2021 11:10:25 AM
just update. MTAR stoploss can be placed at 966 ( 1hr Candle Close blw 966 Trading position exit) MTAR broken falling trendline 1154 high 1075 high on hourly time frame. stock can zoom anytime if mkt supoort or 1000 level hold. at dip aroud 1020 1030 buy TGT 1150 1225
619. IPO Mitr |   Link |March 31, 2021 8:06:12 PM
This IPO listed when just 2 days were left in the current financial year.

Some of the massive selling in this stock post IPO listing may also be attributed to need for sone of the HNIs and speculators to book profit immediately and sell with whatever gains they may get.

There could be some stability and positivity in this stock tomorrow.

Disclaimer: This message is not a recommendation to transact in this stock any specific way.

Suno sabki par Karo sirf apne man ki.
618. KDKing🤴 |   Link |March 31, 2021 7:21:22 PM
People don''t get allotment but still amount is blocked...
Few people were allotted and their amount is unblocked and not even debited...
Great example of hypocrisy...
Why we need registrar if he is not doing great job???
We do submit application with exchange, can''t exchange is capable to validate Applications and do allotment?? Is there any threats exchange can manipulate allotment??
617. ganesh jaiswal |   Link |March 31, 2021 6:18:06 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Nazara ne apna najara dikha diya.

Only two classes of IPO investors are happy,
First those who sold above 1950-2000 range

Second, who did not get any allotment.
617.1. hitsur |   Link |March 31, 2021 2:53:44 PM
I am very much Happy. Got alloted 2 Lot.

Sold 1 lot @ 1810/- (13 shares)
and other lost @ 1845/- (13 Shares)

So, appx - 18k profit (may be - 500 up / down) after charges.
617.2. hitsur |   Link |March 31, 2021 4:00:00 PM
616. ADITYA AA |   Link |March 31, 2021 12:00:03 PM
can someone help me about refund of non alloted shares of nazara ...since its 7 days now bank is saying your money with us it will come after some days
616.3. Vibhor Saxena |   Link |March 31, 2021 2:22:36 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Don''t worry they will be released on the last date of the mandate..
I faced this under easytrip
Released on 28th
616.4. ADITYA AA |   Link |March 31, 2021 2:29:42 PM
615. khusII |   Link |March 31, 2021 2:28:48 PM
Friends can you believe that the amount has not yet been debited from my account. I have already sold off 1 lot........... What should I do ??????????????
614. Vijay M Agrawal |   Link |March 31, 2021 12:41:13 PM (300+ Posts)
This problem may be occurred due to merger process of banks
614.1. ADITYA AA |   Link |March 31, 2021 12:49:17 PM
what should i do now ?
614.2. Vijay M Agrawal |   Link |March 31, 2021 1:34:21 PM (300+ Posts)
Wait. AS A is best way for apply of Ipo pls use netbanking and apply through ASBA. UPI is not successful 100% but ASBA is safe way
613. rsk |   Link |March 30, 2021 10:49:57 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
No big FPI/FFI investor in bulk trades.
One Guy lost almost 1.1 Cr in trade today. (Had lost in indigo paints, Burger also)

30-Mar-21      NAZARA      Nazara Technologies Ltd      SWAPNIL MEHTA      BUY      192169      1812.93
30-Mar-21      NAZARA      Nazara Technologies Ltd      SWAPNIL MEHTA      SELL      192169      1754.35
613.4. Have Faith |   Link |March 31, 2021 10:47:57 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Owls eye sabka C bnna rha h .....iss jese crap haar jagh milte h
613.5. Owls eye |   Link |March 31, 2021 11:14:54 AM (500+ Posts, 1900+ Likes)
@Have Faith

Read My Post on 29th March at 10:47

I have Mentioned Levels 1400-1450 and Today it reverses from 1430 after Crashing From 2030

I can''t Anything if You are Already C
612. khusII |   Link |March 31, 2021 11:04:07 AM
i could have made a profit of 10 k had i sold off yesterday, but i did not, and today i had to contend with only 5k gain................................. the sad reality of share market............
this is what happens when greed takes over .
lesson learnt ..........................? sell on the day of listing and never look back at such stocks....
611. khusII |   Link |March 31, 2021 12:05:27 AM
I had sold within first minute of trade @ 1945. I had decided not to square off. But as always I bought back at 1700. And look what happened. locked at lower circuit. I am sure that if i hadnt bought then surely it would have run up back to 1900 or 2000 .
Am I the only one so unlucky or does it happen to you as well ?...... Nahi mila hota to thoda dukh hota.... Lekin milne ke baad jab aisa hota hai to bahut jyada dukh hota hai......
What is expected tomorrow. Should i hold or sell ( if there''s no lc again )
611.1. mailashish |   Link |March 31, 2021 10:34:31 AM

Can u clarify few things:
As intradday is not allowed on theday of listing how did u do short selling?

To my understanding, what u would have done is as follows:
1. u would have got allotment through IPO.
2. Shares were credited in ur DEMAT Acc.
3. U sold @ 1945 using delivery and not intraday. Since, stock was avl in ur DEMAT so ur sold happened.
4. Now u SQ OFF ur position so u gaiang placed a delivery oder for buying @ 1700 hoping that once it goes beyind 2000 u will sell it again.

Am i correct?
611.2. khusII |   Link |March 31, 2021 10:47:42 AM
yes i got one lot..... in ipo
610. A... |   Link |March 31, 2021 1:59:24 AM
Will it come down more so i would take short position ...experts /anyone suggest ?
610.1. Rogue Investor |   Link |March 31, 2021 10:44:23 AM
It is more wise to exit the stock, with whatever profit you are getting. Nazara is overvalued, actual valuation is 900 and below.
609. Chalak lomdi |   Link |March 31, 2021 10:34:02 AM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Primary market me bahot log GMP ki vajah se khel jate hai... Thik hai...

Ipo listing ke baad secondary market me aa jata hai jiska unko knowledge nahi rehta.. Fas jate ho.. Bach ke rahe .. Khelne mat jaye varna ghare ke paise daalne padege...
608. Owls eye |   Link |March 29, 2021 11:47:49 AM (500+ Posts, 1900+ Likes)
Eye Opener Message for Those Wants to Buy Nazara Technologies Ltd Share on Listing Day for Long Term:-

Dear Brothers and Sisters,

People''s are Suggesting to Buy Nazara Technologies Ltd Share around 1900 on Listing Day For Long Term (All Members can Scroll Down and Read the Messages People''s Suggesting this One)

The Shares of Nazara Technologies was Available at 1400-1450 Before IPO and Even When The IPO was Live!

Repeating It, Yes This Share was Available at 1400-1450 Before IPO and Even When the IPO was Live and Not 1 Share, 10 Shares or 100 Shares, Tones of Shares Were Available Between 1400-1450 to Buy Offline Mode!

The Only Condition is When You Buy Shares Offline Before IPO, You have to Hold it for Minimum 1 Year!

And Now These New Peoples are Suggesting to Buy at 1900 for Long>>>> Why They are Saying Now? >>>>>Why They were Not Suggesting to Buy Offline Before IPO or When IPO was Live to Buy Offline at 1400-1450 for Long Term?

You Must Remember "Greater Fool Theory"
According to Greater Fool Theory, You can Buy Stock at Higher Price and You Find Another FOOL to Buy the Stock at Another Higher Price.


I have Already Given My View 2 Days Back But Some of Majority of People''s Dont Understand the Cycle of Market and Do Blah Blah and Blah

I am Repeating


The Stock Was Available at 1400-1450 Before and During IPO for 1 Year Lock in Period!!

So Are You Going to Buy This Stock at above 1400 for Long??


Those Who Have Vested Interest in Grey Market May Be Trying Thier Best to List at Peak Levels as Once GMP was Around 300 and People''s Might have Bought in Tones to Take Profits From Grey Market of Any Listing Above GMP 300

Dear Brothers and Sisters,

Making Money Specially in Stock Market or any Other Profession is Not Easy that You Buy at 1400 and Cross Finger and Pray for 1500:)

You Must Make Your Money SMART SMART AND SMART

Invest or Trade Where Your Probability of Success is Above 95% and Buying Highly Overvalued Shares and Praying for More Upside is Just Foolishness

I am Again Saying Based on My ANALYSIS AND PROPER LOGIC the Price is Highly OVERVALUED EVEN AT ISSUE PRICE OF 1101

NEVER NEVER NEVER Believe on Those is Suggesting Only Price Without any Reason/Logic

I have Explained Everything with Reason and Logic

Now it''s Your Choice to Sale on Listing Day at Any Price or Hold for Long Term

My Sole Purpose is to Teach You How to Make Profit or Save from Losses

Retail Community is Interested Because Shri Rakesh Jhunjhunwalaji Hold Stake in This Company

Disclosure:- Stock Market is Very Risky Business. I May be Wrong in My Analysis. Please Consult Your Financial Advisor Before Buying or Selling.
You will be Solely Responsible for any Sort of Outcome

All The Best For Your Profitable Journey

Finally Pressing Sale Button for Nazara Technology to Sale at Any Price (Even Discount Listing is Fine But Rare Chance Due to Market Boom)

Share This to Open The Eyes of Other People''s

With Warm Regards,
Ratnakar19 (Telegram)
R Bharat
608.14. Owls eye |   Link |March 30, 2021 9:00:11 AM (500+ Posts, 1900+ Likes)
Do Consider Above Points Before Making Fresh Buy or Holding this Stock
608.15. Owls eye |   Link |March 31, 2021 10:32:55 AM (500+ Posts, 1900+ Likes)
Made Bumper Profit Today Also

Bought at 1453 and Squared off at 1513


Told You Also to Buy at This Price But You Dont Take Anything Serious
607. IPO Rock Star |   Link |March 31, 2021 8:40:11 AM
राकेश jhunjhanbala किसी कम्पनी का खून चूस के हड्डी रिटेल इन्वेस्टर को पकड़ा देता है और लोग सोचते हैं इन हड्डियों से इंद्र का वज्र शस्त्र बना लेंगे।😃😃😃😃😃😃😃
607.1. Chalak lomdi |   Link |March 31, 2021 10:26:03 AM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Mota bhai Rakesh junjulwala ki haddi 11,557 ka naffa kara ke gayi 14313 ke rokan ke samne... Abhi jis jis ne haddi nahi chabayi unko mirchi lagegi..
606. Ajatin |   Link |March 31, 2021 10:07:22 AM
Exit NAZARA at whatever price u get today
Before it moves to lower Freeze again