Insights

5 Reasons to go for Nazara Technologies IPO

March 16, 2021 . Manas muraleedharan

Bulletin

The IPO fest of March just became more interesting with the announcement of the IPO of Nazara Technologies. Here are a few pointers about Nazara Technologies.

With its high end graphics and creative models, Nazara Technologies has established India’s potential in the global gaming industry.

Based in India, Nazara Technologies has proved its mettle in interactive gaming, eSports and gamified early learning. It has a growing international market.

It derives majority of its revenue from subscription fees for gamified early learning and eSports business segments.

Rakesh Jhunjhunwala is one of the key investors

Some of its creations – CarromClash and World Cricket Championships in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports, and Halaplay and Qunami

Competitive Strengths

One of India’s leading eSports companies
Global presence
Strong leadership backed by marquee investors
Asset light business model

Company Financials:

Particulars	For the year/period ended 30-Sep-20 (₹ in million)	For the year/period ended 31-Mar-20 (₹ in million)	For the year/period ended 31-Mar-19 (₹ in million)	For the year/period ended 31-Mar-18 (₹ in million)
Total Assets	7,986	7,768	5,145	4,707
Total Revenue	2,070	2,621	1,860	1,819
Profit After Tax	(101)	(266)	67	10

Don’t miss out on this significant opportunity to upgrade your portfolio! Here are the IPO details.

IPO Date	Mar 17, 2021 – Mar 19, 2021
Issue Type	Book Built Issue IPO
Issue Size	52,94,392 Equity Shares of ₹4 (aggregating up to ₹582.91 Cr)
Offer for Sale	52,94,392 Equity Shares of ₹4 (aggregating up to ₹582.91 Cr)
Face Value	₹4 per equity share
IPO Price	₹1,100 to ₹1,101 per equity share
Market Lot	13 shares
Minimum Order Quantity	13 shares
Listing at	BSE, NSE