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Nazara Technologies Limited IPO (Nazara Technologies IPO) Detail

Mar 17, 2021 - Mar 19, 2021

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 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 Details

Nazara Technologies IPO Date Mar 17, 2021 to Mar 19, 2021
Nazara Technologies IPO Face Value ₹4 per share
Nazara Technologies IPO Price ₹1100 to ₹1101 per share
Nazara Technologies IPO Lot Size 13 Shares
Issue Size5,294,392 shares of ₹4
(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
Company Promoters

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

Nazara Technologies IPO Timeline (Tentative Timetable)

Nazara Technologies IPO opens on Mar 17, 2021, and closes on Mar 19, 2021. The Nazara Technologies IPO bid date is from Mar 17, 2021 10.00 A.M. to Mar 19, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Nazara Technologies IPO Opening Date Mar 17, 2021
Nazara Technologies IPO Closing Date Mar 19, 2021
Basis of Allotment Mar 24, 2021
Initiation of Refunds Mar 25, 2021
Credit of Shares to Demat Mar 26, 2021
Nazara Technologies IPO Listing Date Mar 30, 2021

Nazara Technologies IPO Lot Size

The Nazara Technologies IPO lot size is 13 shares. A retail-individual investor can apply for up to 13 lots (169 shares or ₹186,069).

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

Nazara Technologies IPO Promoter Holding

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

Nazara Technologies IPO Review

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 Mar 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)
QIB103.77
NII389.89
Retail75.29
Employee7.55
Total175.46

Nazara Technologies IPO Prospectus

Nazara Technologies IPO Rating

1344
4.0
Rating:Rated 4.0 stars
Vote Here ...

Nazara Technologies IPO Listing Date

Listing Date Tuesday, March 30, 2021
BSE Script Code 543280
NSE Symbol NAZARA
Listing In B Group of Securities
ISIN INE418L01021
IPO Price ₹1101 per share
Face Value ₹4 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,101.00
₹1,971.00
₹1,576.80
₹2,026.90
₹1,576.80
NSE
₹1,101.00
₹1,990.00
₹1,592.00
₹2,024.90
₹1,592.00

Company Contact Information

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

Phone: +91 22 4033 0800
Email: cs@nazara.com
Website: https://www.nazara.com/

Nazara Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: nazara.ipo@linkintime.co.in
Website: https://linkintime.co.in/

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 Mar 17, 2021, and closes on Mar 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 Mar 17, 2021 and closes on Mar 19, 2021.

Nazara Technologies IPO lot size is 13 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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1343 Comments

625. IPO Rock Star |   Link |Apr 1, 2021 9:22:22 PM
Today I have buy 1500 shares @1520 and sell @ 1720 this information is only to make you April fool 🤣🤣🤣🤣🤣🤣🤣
624. krupa |   Link |Apr 1, 2021 5:06:47 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
IRFC dividend credit huwa kya kisike ac me
624.1. KDKing🤴 |   Link |Apr 1, 2021 5:48:34 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Yes Long time back only...
624.2. krupa |   Link |Apr 1, 2021 8:08:52 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Ok thanks
623. Kailash sharma |   Link |Apr 1, 2021 7:29:52 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 |Apr 1, 2021 1:51:07 PM
Top Contributor Top Contributor (300+ 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 |Apr 1, 2021 4:03:53 PM
IPO Mentor IPO Mentor (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 ...lol....ab gayab ...owls eye jese C harek jagh milte h..be aware and cautious from it
622.3. TheLearner |   Link |Apr 1, 2021 6:24:08 PM
COMPANY HAS GIVEN EXCELLENT RETURNS.
11000 IS EXCELLENT LISTING GAIN
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 |Apr 1, 2021 3:05:13 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
seems like, game is not over yet...
620. SKILLeagle |   Link |Mar 25, 2021 9:16:39 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 |Mar 25, 2021 9:45:27 PM
IPO Mentor IPO Mentor (500+ Posts, 1900+ Likes)
Agreed 👍
620.2. SKILLeagle |   Link |Apr 1, 2021 10:10:25 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 |Mar 31, 2021 7:06:12 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 |Mar 31, 2021 6:21:22 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Strange,
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 |Mar 31, 2021 5:18:06 AM
IPO Guru IPO Guru (1000+ Posts, 600+ 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 |Mar 31, 2021 1:53:44 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 |Mar 31, 2021 3:00:00 PM
**LOT
616. ADITYA AA |   Link |Mar 31, 2021 11:00:03 AM
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 |Mar 31, 2021 1:22:36 PM
IPO Mentor IPO Mentor (600+ 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 |Mar 31, 2021 1:29:42 PM
VIBHOR SAXENA WHICH KIND OF MANDATE ?
615. khusII |   Link |Mar 31, 2021 1:28:48 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 |Mar 31, 2021 11:41:13 AM
Top Contributor Top Contributor (200+ Posts)
This problem may be occurred due to merger process of banks
614.1. ADITYA AA |   Link |Mar 31, 2021 11:49:17 AM
what should i do now ?
614.2. Vijay M Agrawal |   Link |Mar 31, 2021 12:34:21 PM
Top Contributor Top Contributor (200+ 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 |Mar 30, 2021 9:49:57 PM
IPO Mentor IPO Mentor (500+ 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 |Mar 31, 2021 9:47:57 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Owls eye sabka C bnna rha h .....iss jese crap haar jagh milte h
613.5. Owls eye |   Link |Mar 31, 2021 10:14:54 AM
IPO Mentor IPO Mentor (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 |Mar 31, 2021 10:04:07 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 |Mar 30, 2021 11:05:27 PM
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 |Mar 31, 2021 9:34:31 AM
@khusII

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?
4.
611.2. khusII |   Link |Mar 31, 2021 9:47:42 AM
yes i got one lot..... in ipo
610. A... |   Link |Mar 31, 2021 12:59:24 AM
Will it come down more so i would take short position ...experts /anyone suggest ?
610.1. Rogue Investor |   Link |Mar 31, 2021 9:44:23 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 |Mar 31, 2021 9:34:02 AM
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 |Mar 29, 2021 10:47:49 AM
IPO Mentor IPO Mentor (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.

"SO YOU MUST NOT BE THE LAST FOOL WHO BOUGHT SHARES AT PEAK AND CRY FOR YEARS"

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

"SO YOU MUST NOT BE THE LAST FOOL WHO BOUGHT SHARES AT PEAK AND CRY FOR YEARS"

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??

Choice is Your as It''s Your Money, Your Profit/Loss But "YOU MUST NOT BE A LAST FOOL WHO BOUGHT AT PEAK AND STRUGGLE WITH LOSSES"

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

MAKE YOUR BRAIN CAPITALIST
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 |Mar 30, 2021 8:00:11 AM
IPO Mentor IPO Mentor (500+ Posts, 1900+ Likes)
Do Consider Above Points Before Making Fresh Buy or Holding this Stock
608.15. Owls eye |   Link |Mar 31, 2021 9:32:55 AM
IPO Mentor IPO Mentor (500+ Posts, 1900+ Likes)
Made Bumper Profit Today Also

Bought at 1453 and Squared off at 1513

Enjoy

Told You Also to Buy at This Price But You Dont Take Anything Serious
607. IPO Rock Star |   Link |Mar 31, 2021 7:40:11 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 |Mar 31, 2021 9:26:03 AM
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 |Mar 31, 2021 9:07:22 AM
Exit NAZARA at whatever price u get today
Before it moves to lower Freeze again