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Indian Gaming Sector enters Stock markets when Indian game company Nazara Technologies go public, the CEO says it's public listing will put Indian gaming on the world Map

 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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