Nazara Technologies IPO subscription to start from 17 March 2021, Wednesday. The company to raise around 546 crore via IPO. They are one of the leading mobile game development company in India. They are engaged in development and distribution of mobile games in India, Africa, South East Asia, Middle East and Latin America. Nazara Technologies grey market looks solid and stable around 800-850 level. The retail portion of this IPO is 10%, QIB is 75% and HNI is 15% quota. We can expect a good numbers in subscription as the grey market is active and the company is backed by Rakesh Jhunjhunwala who holds around 11.99% stake.
IPOWatch View: We recommend investors to apply this IPO with short term and long term gain. Stay tuned for the IPO.
Nazara Technologies IPO Subscription Status
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Day 1 Subscription Highlights:
As we all know Rakesh JhunJhunwala backed Nazara got a superb response from the investors. The grey market is on a role around 950 level the retailers are in a race to get the allotment but the numbers on a higher side as the subscription is just 10% for them. The IPO subscribed 4.01x times overall but retailers subscribed 16.75x times. QIB came up with 0.36x while NII 2.85 times. A great day for Nazara Technologies today.
About Nazara Technologies IPO
Nazara Technologies IPO price band is fixed at ₹1100 to ₹1101 Per Share. The company to raise ₹546.79 crore via IPO. The subscription will closes on 19 March 2021. The allotment will be on 24 March and listing will be on 30 March. Nazara Technologies minimum bid is 13 Shares with ₹14313 amount while maximum bid is 169 shares with ₹186069.
About CompanyNazara Technologies is a leading India based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, with offerings across the interactive gaming, eSports and gamified early learning ecosystems. The company owns some of the most recognisable IP, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay Technologies Private Limited (“Halaplay”) and Qunami in skill-based, fantasy and trivia games. Nazara was among the first entrants in the Indian market in eSports (through Nodwin) and cricket simulation (through Nextwave).
Nazara Technologies IPO Subscription FAQs:
When Nazara Technologies IPO Subscription will start?
The IPO subscription starts on 17 March 2021 for QIB, NII, and Retail Investors.
How much Nazara Technologies IPO subscribed?
The IPO subscribed 175.46x times on day 3.
What is Nazara Technologies IPO Retail subscription status?
The RII subscription is 75.29x on day 3.
How to subscribe Nazara Technologies IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live Nazara Technologies IPO Subscription Numbers?
One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.