Started in 1999, Nazara Technologies Ltd is a leading mobile game company in India. The company offers a range of diverse gaming products in interactive gaming, eSports, and integrates the early learning ecosystem in emerging markets i.e. India, Africa, Southeast Asia, Middle East and Latin America. Nazara Technologies IPO will be open on 17 Mar, 2021.
It is one of the leading live eSports streaming and on-demand eSports media content providers in India. Carmelclash and the World Cricket Championship in Mobile Games, Kidopia in Gamified Early Learning, Nodwin and SportsKida in eSports, and Hallepale and Kyunami are some of its offerings.
The business operates in various fields; Subscription-based business, Freemium Business, eSports, Gamified Early Education and Real Money Gaming. The subscription business is primarily focused on large mobile Internet users involving mobile gamers for the first time.
The company derives maximum revenue from subscription fees charged to customers under the Early Education and E-Business segment, whose revenue is 71.03% for the six-month period ended September 30, 2020.
They believes that their ability to understand local gamer behavior in designing games and incorporating local, licensed, intellectual property to drive the game’s network development is one of their key strengths. They reflect the popularity of some of their mobile games on the Google Play Store, such as ‘World Cricket Championship 2’, a Chota Bheem Race ‘and the Motu Patlu Game’.
Their games have consistently been part of the top three games in the top free charts on the Google Play Store. Out of the first 10 months of calendar year 2017, nine of their in-house games have been ranked in the top three games by downloading them to the top free charts on the Google Play Store. They believes that Nodwin Gaming is one of the leading enablers in the Indian Esports market with Mover Advantage for the first time.
In addition to hosting and managing IPL-based gaming events such as ESL India Premiership and Due Arena by ESL, NodeWin Gaming partners with other brands to create a number of gaming event intellectual properties in India, such as Mountain Dew Arena, Indian Gaming Show and Asus ROG Masters
Table of Contents
Promoters:
Vikash Mittersain, Nitish Mittersain, and Mitter Infotech LLP is the Main promoters.
Nazara Technologies Shareholding Details:
- 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
Financials:
| Particulars | For the year/period ended (in millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 7,986.55 | 7,768.29 | 5,145.83 | 4,707.59 | |
| Total Revenue | 2,070.06 | 2,621.46 | 1,860.98 | 1,819.40 | |
| Profit After Tax | (101.07) | (266.15) | 67.13 | 10.23 | |
Positive Points
- Leading eSports companies in India.
- Diverse businesses model based on geographic presence and gaming products.
- Capable management which is supported by marquee investors.
- Asset Light corporation Model.
Object
Nazara Technologies IPO aims to raise funds for the following objectives:
- To reap the benefits of listing equity shares on stock exchanges.
- Selling shareholders to sell 5,294,392 equity shares.
IPO Details
| IPO Opening Date | 17 Mar, 2021 |
| IPO Closing Date | 19 Mar, 2021 |
| Issue Type | Book Built |
| Face Value | 4 per share |
| IPO Price | 1100 to 1101 per share |
| Market Lot | 13 Shares |
| Min Order Quantity | 13 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,294,392 Shares (582.91 Cr) |
| Offer for Sale | 5,294,392 Shares(582.91 Cr) |
Tentative Dates
| IPO Open Date | 17 Mar, 2021 |
| IPO Close Date | 19 Mar, 2021 |
| Basis of Allotment Date | 24 Mar, 2021 |
| Initiation of Refunds | 25 Mar, 2021 |
| Credit of Shares to Demat Account | 26 Mar, 2021 |
| IPO Listing Date | 30 Mar, 2021 |
IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 13 | ₹14,313 |
| Maximum | 13 | 169 | ₹186,069 |
Promoter Holding
| Pre Issue Share Holding | 24.16% |
| Post Issue Share Holding |
Nazara Technologies IPO Prospectus
Contact Details
51-57, Maker Chambers 3, Nariman Point
Mumbai 400 021
Phone: +91 22 4033 0800
Email: [email protected]
Website: https://www.nazara.com/
Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
Lead Manager(s)
- ICICI Securities Limited
- IIFL Holdings Limited
- Jefferies India Private Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
Nazara Technologies IPO Opening Date?
Nazara Technologies IPO will opens on 17 Mar and closes on 19 Mar.
What is the Lot size for Nazara Technologies IPO?
The Nazara Technologies IPO lot size is 13 shares. A retail investor can apply for up to 13 lots (169 shares).
Nazara Technologies IPO Gmp today?
Nazara technologies GMP is Around INR 900.
Nazara Technologies IPO Allotment Date?
Nazara Technologies IPO Allotment Date is 24 Mar 2021.
Nazara Technologies IPO Listing Date?
Nazara Technologies IPO Listing Date is 30 Mar 2021.
