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Nazara Technologies IPO

In the RHP it filed, Nazara Technologies reported that at the upper limit of the price band of Rs 1,100-1101 per share, the promoters and current investors would be able to rake Rs 582.91 crores from the IPO. Nazara Technologies’ IPO opens on March 17, 2021. And the bidding window will remain open till March 19, 2021. Investors will have to bid for a minimum of 13 shares, or Rs 14,300 worth of shares at the base price.

Nazara Technologies IPO

Issuer

Nazara Technologies Limited

IPO Date : 17th March 2021 - 19th March 2021
Price Band
₹1100 to ₹1101 per equity share

Issue Size
₹ 582 Cr - ₹ 583 Cr

Face Value
₹4 per equity share

Market Lot
13 Shares

Listing At
NSE,BSE
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Nazara Technologies INFORMATION

Founded in 2000, Nazara Technologies is an India-based diversified gaming company with a presence in India and several other geographics. It has ownership in several games such as World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in early learning apps, Nodwin and Sportkeeda in esports, and Halaplay and Qunami in fantasy and trivia games.

During H1 of FY 21, the company generated 71.03 percent of its revenue from subscription charges.

Nazara Technologies Limited, one of the most touted IPOs of this week, began on the 17th of March and continues until the end of today, 19th March 2021. The IPO price is Rs.1100 to Rs.1101 per equity share, and the market lot consists of 13 shares each. Allotments will be finalized on the 24th of March and IPO shares will be listed on the 30th of March, 2021.
March 19: Day 3
March 18: Day 2
March 17: Day 1

As of 05 p.m.

  • Suryoday Small Finance Bank IPO was subscribed 2.37 times by 04:59 p.m. on the third day.
  • The IPO is a public issue of 13,515,150 equity shares.

Subscription Status

  • (NII) Non-institutional buyers: 1.31 times the reserved portion
  • (RII) Retail individual investors: 3.09 times the reserved portion
  • (QIB) Qualified institutional buyers: 2.18 times the reserved portion
  • Employees: 0.34 times the reserved portion
  • Right from an opening of 0.13x on the 17th of March, Suryoday IPO showed some growth and closed at 2.37x today. There wasn’t a lot of improvement noticeable in the RII, QIB, employee, or NII figures throughout Day 3. How Suryoday Small Finance Bank now performs in the market will be interesting to note.

 

As of 04:59 p.m

  • The Nazara Technologies IPO has been subscribed 175.46x until 04:59 p.m. on Day 3.

Subscription Status

  • (NII) Non-institutional buyers: 389.89 times the reserved portion
  • RII (Retail individual investors): 75.28 times the reserved portion
  • (QIB) Qualified institutional buyers: 103.77 times the reserved portion
  • Employees: 7.55 times the reserved portion
  • The star of IPO week, Nazara Technologies, opened with 0.59x on Day 1 and has now reached an inspiring 175.46 at closing time. All 4 key metrics, NII, RII, QIB, and employees showed impressive growth throughout Day 3. All eyes will now be on the future performance of Nazara Technologies in the market.

 

As of 03:58 p.m.

  • Suryoday Small Finance Bank IPO was subscribed 2.34 times by 03:59 p.m. on the third day.
  • The IPO is a public issue of 13,515,150 equity shares.

Subscription Status

  • (RII) Retail individual investors: 3.04 times the reserved portion

  • (QIB) Qualified institutional buyers: 2.18 times the reserved portion

  • Employees: 0.29 times the reserved portion

  • (NII) Non-institutional buyers: 1.31 times the reserved portion

  • After an opening of 0.13 times on the 17th of March, Suryoday IPO steadily crossed the 2x mark today afternoon. However, there hasn’t been a substantial spike in any of the numbers till now. RII, QIB, employees, and NII are all more or less at the same level as they were recorded an hour ago.

 

As of 03:58 p.m

  • The Nazara Technologies IPO has been subscribed 175.22x until 03:58 p.m. on Day 3.

Subscription Status

  • RII (Retail individual investors): 74.00 times the reserved portion

  • (QIB) Qualified institutional buyers: 103.77 times the reserved portion

  • Employees: 7.36 times the reserved portion

  • (NII) Non-institutional buyers: 389.89 times the reserved portion

  • Starting with a modest 0.59x on Day 1, Nazara Technologies has now reached 175.22x towards the evening of Day 3. Non-institutional buyers have shown a great rise, and so has RII, NII, and employees, as compared to figures recorded earlier in the day.

 

As of 02:58 p.m.

  • Suryoday Small Finance Bank IPO was subscribed 2.17 times by 02:58 p.m. on the third day.
  • The IPO is a public issue of 13,515,150 equity shares.

Subscription Status

  • (QIB) Qualified institutional buyers: 2.00x the reserved portion

  • Employees: 0.27x the reserved portion

  • RII (Retail individual investors): 2.87x the reserved portion

  • (NII) Non-institutional buyers: 1.08x the reserved portion

  • After opening at 0.13x two days ago, Suryoday IPO has finally crossed the 2x mark today afternoon. QIB, employees, RII, and NII numbers are slowly showing some improvement as compared to an hour ago. How well this IPO closes today evening remains to be seen.

 

As of 02:58 p.m

  • The Nazara Technologies IPO has been subscribed 84.52x until 02:58 p.m. on Day 3.

Subscription Status

  • (QIB) Qualified institutional buyers: 62.88x the reserved portion

  • Employees: 7.19x the reserved portion

  • RII (Retail individual investors): 69.76x the reserved portion

  • (NII) Non-institutional buyers: 139.63x the reserved portion

  • After its start of 0.59x on the 1st day, Nazara Technologies IPO has now reached 84.52x on Day 3 afternoon. The figures for RII, NII, QIB, and employees are rising positively and promise a memorable closing for the IPO.

 

As of 01:59 p.m.

  • Suryoday Small Finance Bank IPO was subscribed 1.43 times by 01:59 p.m. on the third day.
  • The IPO is a public issue of 13,515,150 equity shares.

Subscription Status

  • Employees: 0.24x the reserved portion

  • RII (Retail individual investors): 2.67x the reserved portion

  • (NII) Non-institutional buyers: 0.30x the reserved portion

  • (QIB) Qualified institutional buyers: 0.28x the reserved portion

  • From 0.13x on the opening day, the subscription rate for Suryoday has risen to 1.43x until now, but there hasn’t been a lot of change since the start of today. Even the RII, QIB, NII, and employee numbers have shown little movement.

 

As of 01:58 p.m

  • The Nazara Technologies IPO has been subscribed 42.68x until 01:58 p.m. on Day 3.

Subscription Status

  • Employees: 6.48x the reserved portion

  • RII (Retail individual investors): 63.12x the reserved portion

  • (NII) Non-institutional buyers: 61.26 times the reserved portion

  • (QIB) Qualified institutional buyers: 27.03 times the reserved portion

 

As of 12:59 p.m.

  • Suryoday Small Finance Bank IPO was subscribed 1.35 times by 12:59 p.m. on the third day.
  • The IPO is a public issue of 13,515,150 equity shares.

Subscription Status

  • RII (Retail individual investors): 2.53 times the reserved portion

  • (NII) Non-institutional buyers: 0.25 times the reserved portion

  • (QIB) Qualified institutional buyers: 0.28 times the reserved portion

  • Employees: 0.22 times the reserved portion

 

As of 12:59 p.m

  • The Nazara Technologies IPO has been subscribed 20.79 x until 12:59 a.m. on Day 3.

Subscription Status

  • RII (Retail individual investors): 57.89 times the reserved portion

  • (NII) Non-institutional buyers: 17.24 times the reserved portion

  • (QIB) Qualified institutional buyers: 10.39 times the reserved portion

  • Employees: 6.27 times the reserved portion

 

As of 12:19 p.m.

  • Suryoday Small Finance Bank IPO was subscribed 1.28 times by a little while after noon on the third day.
  • The IPO is a public issue of 13,515,150 equity shares.

Subscription Status

  • Non-institutional buyers (NII): 0.23 times the reserved portion

  • Qualified institutional buyers (QIB): 0.28 times the reserved portion

  • Employees: 0.21 times the reserved portion.

  • Retail individual investors: 2.38 times the reserved portion

 

As of 11:59 a.m

  • The Nazara Technologies IPO has been subscribed 15.48 x until 11:59 a.m. on Day 3.

Subscription Status

  • Non-institutional buyers (NII): 15.49 times the reserved portion

  • Qualified institutional buyers (QIB): 2.36 times the reserved portion

  • Employees: 5.98 times the reserved portion

  • Retail individual investors: 55.19 times the reserved portion

 

As of 10:48 a.m

  • The Nazara Technologies IPO was subscribed 12.38 times as of 10:48 am on Day 3.

Subscription Status

  • Qualified institutional buyers (QIB): 0.72 times the reserved portion

  • Non-institutional buyers (NII): 10.37 times the reserved portion

  • Retail individual investors: 50.61 times the reserved portion

  • Employees: 5.73 times the reserved portion

Starting from Day 1 upto today noon, Nazara Technologies IPO has gone up from 0.59 times to 15.48 times. With numbers of NII, RII, QIB, and employees rising since today morning’s opening records, this IPO seems to be going for a win on closing day.

From Day 1 upto the morning of Day 3, subscription to Nazara IPO has gradually risen from 0.59 times to an impressive 12.38 times. Non-institutional buyers, retail individual investors, and employee subscriptions all rose by some degree as compared to yesterday evening’s closing rates.

As of 5.00 p.m.

  • The Nazara Technologies IPO was subscribed 10.55 times on day 2 of bidding.
  • The IPO received 3.08 crore shares as against an offer size of 29.20 lakh shares.
  • Subscription Status

  • Qualified institutional buyers (QIB): 0.72 times the reserved portion
  • No-institutional buyers (NII): 7.73 times the reserved portion
  • Retail individual investors: 44.47 times the reserved portion
  • Employees: 5.33 times the reserved portion

 

As of 3.40 p.m.

  • The Nazara Technologies IPO was subscribed 9.83 times so far on day 2 of bidding.
  • The IPO received 2.87 crore shares as against an offer size of 29.20 lakh shares.

    Subscription Status

  • Qualified institutional buyers (QIB): 0.71 times the reserved portion
  • No-institutional buyers (NII): 6.95 times the reserved portion
  • Retail individual investors: 41.73 times the reserved portion
  • Employees: 4.54 times the reserved portion

 

As of 2.10 p.m.

  • The Nazara Technologies IPO was subscribed 7.99 times so far on day 2 of bidding.
  • The IPO received 2.33 crore shares as against an offer size of 29.20 lakh shares.

    Subscription Status

  • Qualified institutional buyers (QIB): 0.66 times the reserved portion
  • No-institutional buyers (NII): 6.18 times the reserved portion
  • Retail individual investors: 32.86 times the reserved portion
  • Employees: 3.18 times the reserved portion

 

As of 11.20 a.m.

  • The Nazara Technologies IPO was subscribed 5.92 times so far on day 2 of bidding.
  • The IPO received 1.72 crore shares as against an offer size of 29.20 lakh shares.

    Subscription Status

  • Qualified institutional buyers (QIB): 0.37 times the reserved portion
  • No-institutional buyers (NII): 4.99 times the reserved portion
  • Retail individual investors: 24.07 times the reserved portion
  • Employees: 2.77 times the reserved portion

 

The subscription to Nazara IPO went up from 0.59 times on Day 1 to a substantial level of 10.55 times on Day 2 with 3.08 crore shares compared to the offered size of 129.20 lakh shares. Non-institutional buyers (NII) increased from 0.1 times on Day 1 to 7.73 on Day 2. Retail individual investors and Employees’ shares went from 3.1 and 0.44 to 44.47 and 5.33 times respectively.

As of 7.00 p.m.

  • The Nazara Technologies IPO was subscribed 4.01 times so far on day 1 of bidding.
  • The IPO received 1.17 crore shares as against an offer size of 29.20 lakh shares.

    Subscription Status
  • Qualified institutional buyers (QIB): 0.36 times the reserved portion
  • No-institutional buyers (NII): 2.85 times the reserved portion
  • Retail individual investors: 16.75 times the reserved portion
  • Employees: 2.28 times the reserved portion

 

As of 5.10 p.m.

  • The Nazara Technologies IPO was subscribed 4.01 times so far on day 1 of bidding.
  • The IPO received 1.17 crore shares as against an offer size of 29.20 lakh shares.

    Subscription Status
  • Qualified institutional buyers (QIB): 0.36 times the reserved portion
  • No-institutional buyers (NII): 2.85 times the reserved portion
  • Retail individual investors: 16.75 times the reserved portion
  • Employees: 2.28 times the reserved portion

 

As of 3.30 p.m.

  • The Nazara Technologies IPO was subscribed 3.18 times so far on day 1 of bidding.
  • The IPO received 92.9 lakh shares as against an offer size of 29.20 lakh shares.

    Subscription Status
  • Qualified institutional buyers (QIB): 0.36 times the reserved portion
  • No-institutional buyers (NII): 2.37 times the reserved portion
  • Retail individual investors: 12.92 times the reserved portion
  • Employees: 1.17 times the reserved portion

 

As of 11.20 p.m.

  • The Nazara Technologies IPO was subscribed 0.59 times so far on day 1 of bidding.
  • The IPO received 17.25 lakh shares as against an offer size of 29.20 lakh shares.

    Subscription Status
  • Qualified institutional buyers (QIB): 0.0 times the reserved portion
  • No-institutional buyers (NII): 0.1 times the reserved portion
  • Retail individual investors: 3.1 times the reserved portion
  • Employees: 0.44 times the reserved portion.
The most exciting IPO of this week, Nazara Technologies Ltd, started on the 17th of March, 2021, and goes on till the end of today, 19th of March, 2021. It is priced at Rs.1100 to Rs.1101/equity share, with a market lot of 13 shares. Finalization of allotments will be made on the 24th of March, and listing of IPO shares will be done on the 30th of March, 2021.

Competitive strength

  • Diversified gaming portfolio in different segments of subscription-based games, freemium, esports, and gamified early learning
  • One of the primary esports companies in India
  • Diversified market presence based on geographics and gaming products
  • Strong investor relationship
  • Asset-light business model

How to apply for Nazara Technologies IPO :


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Nazara Technologies IPO FAQs

What is an IPO?

The initial public offering is an opportunity for companies to release company shares to general investors and raise capital in the process. By launching IPO shares, companies list themselves in the stock exchange and get listing benefits.

What is Nazara Technologies IPO?

Nazara Technologies’ IPO shares open in the price band of Rs 1,100-1,101 as the promoters looking to offload a 16.7 percent stake in the company. At the upper the price band limit, the company’s current investors plan to rake Rs 582.91 crores from the market.

How to apply for Nazara Technologies IPO through Angel One?

Existing Angel One investors can apply directly from their user portal from the Angel One website or mobile app. Login to your account to find all the IPO offers available for bidding. Don’t have an Angel One Demat? Now open one in under ten minutes. Click here.

When will Nazara Technologies IPO open?

The two-day bidding window for general investors will open on March 17, 2021, until March 19, 2021.

What is the minimum lot size for retail investors?

13 shares or Rs 14,300. Retail investors can increase their lot size up to 13 lots or 169 shares, amounting to a maximum investment of Rs 186,069.

How to apply for Nazara Technologies IPO?

Investors can apply through a stockbroking firm or their bank by downloading an ASBA form.

When is Nazara Technologies IPO allotment date?

IPO shares allotment finalisation will happen on March 24, 2021.

When is Nazara Technologies IPO listing date?

IPO listing will happen on March 30, 2021.

How to pay for Nazara Technologies IPO using UPI?

To pay using UPI, link your current bank account with a UPI handle, BHIM or Google Pay. During the final leg of the bidding process, you’ll receive a payment mandate in your UPI account. Accept the payment request to complete bidding towards Nazara Technologies IPO.

How will I receive the Nazara Technologies IPOs?

Once allotted, the issuer will credit the shares directly to your Demat account. Don’t miss an IPO offer. Open an Angel One Demat account and start investing today.

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