Checkout the Nazara Technologies IPO Share Price, GMP, Dates, and more

The highly anticipated IPO, Nazara Technologies is up for subscription. Its GMP is skyrocketing plus its star investors including Rakesh Jhunjhunwala aka Big Bull have given it a huge craze in the market.

by FighterMan Updated: 10 Apr, 2021, 20:40 IST
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Nazara Technologies IPO

The Rs 583 Crore Nazara Technologies IPO is all set to open for subscription. It is trading actively in the grey market which means that investors are looking forward to it. Nearly 52 lakh shares will be up for sale at a face value of Rs 4/share. We will be checking its Share Price, GMP, Dates, and many other insights in this article.

This is the 14th initial public offering this year after the much anticipated Anupam Rasayan IPO and Easy Trip Planners IPO.

Nazara Technologies IPO Opening & Closing Dates

Nazara Technologies IPO will open on 17th March 2021 and close on 19th March 2021 for subscription. It was open for anchor investors on 16th March.

Share Price of Nazara Technologies IPO

Nazara Technologies has fixed the price of its IPO at Rs 1100/share. The price band is Rs 1100-1101. Thus, its price is high.

Nazara Technologies IPO Grey Market Premium or GMP Today

The Grey Market Premium or GMP of Nazara Technologies IPO is Rs 800(estimate) for today(15:04 IST). Thus, it is trading at an amazing high.

Check Allotment Status & Dates of Nazara Technologies IPO

You can check your allotment status of Nazara Technologies IPO on Link Intime’s Allotment Page for accurate data as it is also the registrar of this IPO. Now, let's check the dates below.

Allotment Announcement Date

24th March 2021

Refund Date

25th March 2021

Shares Allotment Date

26th March 2021

Nazara Technologies IPO Listing Date

Nazara Technologies IPO will list on 30th March 2021 on BSE and NSE at 10 am. You can view the listing live on many stock market news channels and on their respective Youtube live pages. Some of the popular ones are CNBC Awaaz, Zee Business, NDTV Profit, and ET Now.

Company Profile

Nazara Technologies is a diversified gaming and sports media platform. It was started in 1999 and is present in India, Africa, and North America. This company is into interactive gaming, eSports, fantasy sports, and gamified early learning ecosystems(kids fun & learning). Currently, it has popular apps and games such as Kiddopia, Nodwin Gaming, World Cricket Championship 3, Carrom Clash, SportsKeeda, Halaplay, and Qunami.

Financials

Its assets rose from Rs 5.1M in March’19 to Rs 7.9M in Sept’20. Besides, its revenue jumped from Rs 1.8M to Rs 2.07M. Moreover, it’s profit peaked from Rs 67M to Rs 101M.

Note: M stands for Million.

Should You Subscribe to Nazara Technologies IPO or not?

Nazara Technologies performed well as we saw in the ‘financials’ section above. Although, in the period from March’20 to Sept’20, it was down by Rs 551M in revenue and Rs 165M in profits possibly due to Coronavirus impact. On the other hand, its GMP is breaking records which suggest that people are super interested in IPO. Moreover, it is backed by strong entities such as Rakesh Jhunjhunwala, IIFL, and others. Therefore, if you are looking for listing profits then you can subscribe to it. In addition, its industry & future projects are promising so long term investors can also give it a go.

What are your views on this IPO? Will you subscribe or give it a skip? You can also share ideas on how to apply for IPOs in order to successfully get allotted as many readers are applying but not getting subscribed.

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Nazara locked at 20% lower circuit

replyuser