Nazara Technologies

IPO Size

`582.91 Cr

Price Band

`1100-1101 Per Share

Minimum Lot Size

13 shares Share

Face Value

`4 Per Share

Employee Discount

NA

Retail Allocation

10%

Issue Open Date

Mar 17, 2021

Issue Close Date

Mar 19, 2021

Listing Date

Mar 30, 2021

Nazara 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). The top 3 games of Nazara Technologies are Candy Crush, Subway Surfer, Temple Run.

Shareholding Pattern:
  • Westbridge Venture II Investments Holding = 22.28%
  • Rakesh Jhunjhunwala =11.99%
  • IIFL Special Opportunity Fund = 6.36%
  • IIFL Special Opportunity Fund-Series 4 = 5.2%
  • IIFL Special Opportunity Fund 5 = 4.41%
  • IIFL Special Opportunity Fund-Series 2 = 4.10%
  • IIFL Special Opportunity Fund-Series 3 = 1.97%
  • Emerging Investments Limited = 2.21%
  • Turtle Entertainment GmbH = 1.76%
  • Manish Agarwal = 1.58

Financial Report

  ₹ in Crore
Year Revenue Expense Net Income
2017 - - -
2018 182 133 2.6
2019 186 174 18.0
2020 262 281 -10.5
2021 - H1
207 214 -14.4

IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: nazara.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

IPO Lead Managers

  • Edelweiss Financial Services Ltd
  • ICICI Securities Limited

Promoter of the Company

1) Vikash Mittersain 2) Nitish Mittersain 3) Mitter Infotech LLP

Peer Comparison

No listed Gaming company

Objectives of the Issue