Nazara Technologies shares are prone to be listed on the inventory exchanges on March 30. The public supply of the Rakesh Jhunjhunwala-backed cell gaming firm was subscribed 175.46 instances, based on subscription knowledge on the exchanges. The portion put aside for retail buyers was subscribed 75.29 instances, non-institutional buyers’ portion was subscribed 389.89 instances and certified institutional patrons phase attracted 103.77 subscription.
The Rs 582.91 crore IPO was open for subscription between March 17 and March 19 and the shares have been offered within the value band of Rs 1,100-Rs 1,101 per share.
Nazara Technologies was integrated within the yr 1999. It is India’s main cell gaming firm at this time and the nation’s first gaming firm to be listed on the inventory exchanges.
Nazara Technologies operates in numerous segments, together with subscription-based enterprise, eSports, gamified early studying and cash gaming. It has a presence throughout India, and in international markets comparable to Africa and North America. Nazara Technologies is backed by ace investor Rakesh Jhunjhunwala.