Nazara Technologies IPO live, apply this way, you can get 25 thousand on the investment of 14 thousand!

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Indian gaming company Nazara Technologies has opened its Initial Public Offer (IPO) for public subscription today i.e. on 17 March. It is an IPO of Rs 582 to 583 crore, which can be subscribed from today to March 19 (Friday). Nazara Technologies has kept the share price between Rs 1,100-1,101 per share. If you are hearing for the first time about this Indian gaming firm (Indian Gaming Company), then tell that the company has developed many big games including Chota Bheem, Oggy and the Cockroaches, One Man Army, World Cricket Championship, Moto Patlu went. Along with India, the bulk of the company’s earnings come from North America, South America, Africa and the Middle East and West Asia.

How to buy Nazara Technologies IPO

To buy any IPO, you have to use Net Banking. If you get a successful allotment of the IPO, the shares purchased are transferred to your Demat Account. In such a situation, it is necessary to have both net banking and demat account. You have to apply for this IPO using Net Banking, where you will have to fill your details. You can apply for at least 1 lot in the beginning. This lot is of 13 shares. You can apply for multiple lots of 13. For 1 lot, you have to deposit Rs 14313.

These will sell shares

Those selling shares in this IPO include the company’s promoter Mitter Infotech LLP as well as IIFL Special Opportunities Fund, IndexArb Securities, Good Game Investment Trust and Azimuth Investments. A large stake in the company is also owned by veteran investor Rakesh Jhunjhunwala. According to DHRP, Rakesh Jhunjhunwala had 3,294,310 shares (11.51 percent stake) of the company as of December 30, 2020, but he would not sell a single share from his stake included in this IPO. According to the brokerage, the share allotment is likely to be finalized on March 24, while the listing may take place on March 30. Equity shares will be listed on BSE and BSE on March 30.

As we said, Nazara Technologies has fixed the price band of Rs 1,100 to Rs 1,101 for this public issue and has said that the issue will be fully Offer for Sale (OFS) i.e. the company will not earn any revenue from this issue and Shareholders will get the full amount. Let us tell you that many media reports say that investors of Darshan Technologies are expecting a huge premium in the gray market. This stock is getting a premium of 800 to 850 rupees per share in the gray market.

Nazara Technologies, founded in 2000, is a gaming company of Indian origin. Along with popular mobile games such as the World Cricket Championship (WCC) and Carrom Clash, Kidopia, the company also handles Nodwin and Sportkeeda eSports events. Halodlay Fantasy Game and Qunami Puzzle Game are also owned by View Technology. In the first half of fiscal year 2021, the company earned 71,03 percent from the subscription charge.

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