InvestorQ : Can you tell me about the IPO list of Nazara Technologies on 30 March?
sarah Leo made post

Can you tell me about the IPO list of Nazara Technologies on 30 March?

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Rashi Mehra answered.
2 weeks ago
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Nazara Technologies made a stellar listing debut on the NSE listing at a premium of 81% at Rs.1,990 compared to the issue price of Rs.1,101. Nazara Technologies is backed by ace investor, Rakesh Jhunjhunwala. The stock did touch an intraday high of Rs.2024 on the NSE but could not sustain the gain as it closed on Tuesday at the lowest point of the day at Rs.1,592. However, closing price is still 44.5% above the issue price.

Nazara Technologies had come out with an offer for sale and received superb response from all types of investors, getting subscribed 175 times. Nazara is a very niche player in the Indian gaming and sports media platform and has a presence currently across India, North America, Africa and the Middle East. It offers interactive gaming, eSports and gamified early learning ecosystems. These are basically skill-based and also trivia games.

Its revenues are predominantly subscription based.

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