Company Promoters:

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

Promoters holding 24.16%, which will reduced to 20.70% after IPO

Company Details:-

Nazara Technologies Limited incorporated in 1999, Head quaters in Mumbai. Nazara Technologies Limited is India based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports and gamified early learning ecosystems including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy and trivia games. (Sorce: F&S Report).

    Companies’ expansion into global markets has been strategic, both in terms of geographies as well as timing for entering new markets. They built capacities and capabilities across their offerings in India, targeting within the country, and then replicated their business model in global markets to target gamers. Their content is developed in India for the Indian as well as global audience, allowing them to achieve scale, as evidenced by an average of 40.17 million Monthly Active Users (MAUs) for Financial Year 2020 and average of 57.54 million MAUs across all games for the nine month period ended December 31, 2020.

    Nazara Technologies growth is driven by its visionary management team. They have also benefitted from their ability to identify and acquire unique, gaming and content oriented teams. Companies’ growth is also driven by highly coveted investors such as IIFL, Mr. Rakesh Jhunjhunwala and Mr. Utpal


    Nazara Technologies have formed several partnerships, most notably with the Indian telecom giant Airtel. In November 2020, Company received the ‘Users’ Choice Game of 2020’ award for WCC 3. (Source: Google Play Store) WCC2 became the people’s choice winner in gaming in PM Modi’s Aatmanirbhar Bharat App Innovation Challenge. Developed by Nextwave Multimedia, a subsidiary of Nazara Technologies, WCC games have seen tremendous success since their launch in 2015. From being one of India’s most-awarded mobile games to being one of the world’s Top 10 Games by monthly active usage to getting listed on Google Play Store’s Editor’s Choice section, WCC games have done it all. Overall, WCC apps have garnered more than 140 million installs across devices. (Source: F&S Report

Objects of the IPO:

Company IPO aims to raise money 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.


Issue details:-

Issue Period

Opens on:  Wednesday, 17th March 2021

Closes on:  Friday, 19th March, 2021

Price Band

Rs.1100/- to Rs.1101/- per equity shares.

Bid Lot

13 Equity share and in multiple of 13 equity share thereafter.

Employee Discount

Rs. 110 Per Share

Issue Size

Rs.583 Cr

Employee Reservation

Upto   20,181 Equity Shares (Rs 2 Cr)

Issue break-up

QIB  -  75 % of the net offer -  Rs. 436.00 Cr

NIB  -  15 % of the net offer -  Rs.   87.00 Cr

RET -  10 % of the net offer -  Rs.   58.00 Cr

Listing

BSE & NSE

Registrar

Link Intime India Private Limited

UPI

All Retail Applications through brokers are compulsorily in UPI Mode












ProcessDates
Allotment DateMar 24, 2021
Refund InitiationMar 25, 2021
Credit of Shares Mar 26, 2021
IPO Listing Mar 30, 2021