InvestorQ : When will Nazara Technologies IPO be open for subscription and what is the price band?
nishi Shah made post
IPO

When will Nazara Technologies IPO be open for subscription and what is the price band?

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Anushri Vasa answered.
4 weeks ago
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Nazara Technologies Ltd was incorporated in 1999 and is a leading mobile game company in India. The company is known for its games in World Cricket Championship, Chhota Bheem, and Motu Patlu series.

Ace investor Rakesh Jhunjhunwala-backed Nazara Technologies Ltd's initial public offering (IPO) will open on 17th March, and the issue price has been fixed at Rs1100-1101 apiece. The offer closes on 19 March. The IPO comprises an offer for sale of up to 5.29mn equity shares by promoters and shareholders. At the upper end of the price band, the IPO will fetch around Rs583cr. The lot size is fixed at 13 shares. Jhunjhunwala held an 11.51% stake in the online gaming company as of September end.

The main objective of the IPO is to use the proceeds to achieve the benefits of listing equity shares on the stock exchanges. The listing of equity shares will also enhance the company's brand name and provide liquidity to the existing shareholders.

IPO Snapshot:
IPO Opening DateMar 17, 2021
IPO Closing DateMar 19, 2021
Issue TypeBook Built Issue IPO
Face ValueRs4 per equity share
IPO PriceRs1,100 - Rs1,101 per equity share
Market Lot13 Shares
Min Order Quantity13 Shares
Listing AtBSE NSE

The finalization of the Basis of Allotment for Nazara Technologies IPO will be done on 24th Mar 2021, and the allotted shares will be credited to your Demat account by 26th Mar 2021. Though the final listing date is yet to be announced, the tentative date is 30th Mar 2021.

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