Nazara Technologies is expected to finalise the share allotment on March 24, as per the schedule available in the prospectus. The Rakesh Jhunjhunwala-backed mobile gaming company’s ₹ 583-crore offer for sale was subscribed 175.46 times; the qualified institutional buyers put in bids amounting to 103.77 times, non-institutional investors 389.89 times and retail investors, 75.29 times.
Nazara Technologies was founded by gamer Nitish Mittersain in the year 2000. Nazara Technologies is 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.
According to grey-market trackers, shares of Nazara Technologies are quoting at a premium of around ₹760.
Ahead of the IPO, Nazara Technologies had mopped up ₹260 crores from anchor investors. Among the anchor, investors were the Government of Singapore, Abu Dhabi Investment Authority, Goldman Sachs India Ltd, Noumura Funds Ireland Public Limited Company, Steadview Capital Mauritius Ltd. Those selling shares in the IPO include Mitter Infotech LLP, a promoter of the company, IIFL Special Opportunities Fund, Good Game Investment Trust, IndexArb Securities, and Azimuth Investments.
How to check Status: Nazara Technologies
Registrar’s website
- Access the registrar’s website at https://linkintime.co.in/MIPO/Ipoallotment.html
- Select ‘Nazara Technologies Limited-IPO’ in the dropdown menu
- Enter either PAN, Application Number, or DP Client ID
- Click on the ‘Search’ button
BSE website
- Access the BSE website on https://www.bseindia.com/investors/appli_check.aspx
- Select ‘equity’ in issue type and issue name as Nazara Technologies Limited in the dropdown menu
- Enter the ‘application number and PAN number
- Click on the ‘Search’ button
