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Nazara Technologies IPO is open for subscription between March 17 and 19. The price band of the IPO is Rs 1,100-1,101 per share and the market lot is 13 shares.

March 30: Listing Day

  • On the NSE, the shares of the company listed at Rs 1,990 per share which is an 80.7% premium over the issue price.
  • On the BSE, it listed at Rs 1,971 per share, which is a 79.02% premium.
  • The issue price was Rs 1,101 per share.
  • The share price ended the day 44.6% higher at Rs 1,592 per share on the NSE.

March 19: Day 3

As of 5.00 p.m.

  • The Nazara Technologies IPO was subscribed 175.46 times on day 3 of bidding.
  • The IPO received 51.25 crore shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 103.77 times the reserved portion
  • Non-institutional buyers (NII): 389.89 times the reserved portion
  • Retail individual investors: 75.29 times the reserved portion
  • Employees: 7.55 times the reserved portion

As of 3.30 p.m.

  • The Nazara Technologies IPO was subscribed 151.8 times so far on day 3 of bidding.
  • The IPO received 44.34 crore shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 89.86 times the reserved portion
  • Non-institutional buyers (NII): 332.04 times the reserved portion
  • Retail individual investors: 72.8 times the reserved portion
  • Employees: 7.25 times the reserved portion

As of 11.10 a.m.

  • The Nazara Technologies IPO was subscribed 13.85 times so far on day 3 of bidding.
  • The IPO received 4.04 crore shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 2.25 times the reserved portion
  • Non-institutional buyers (NII): 11.56 times the reserved portion
  • Retail individual investors: 52.42 times the reserved portion
  • Employees: 5.81 times the reserved portion

March 18: Day 2

As of 5.00 p.m.

  • The Nazara Technologies IPO was subscribed 10.55 times on day 2 of bidding.
  • The IPO received 3.08 crore shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.72 times the reserved portion
  • Non-institutional buyers (NII): 7.73 times the reserved portion
  • Retail individual investors: 44.47 times the reserved portion
  • Employees: 5.33 times the reserved portion

As of 3.40 p.m.

  • The Nazara Technologies IPO was subscribed 9.83 times so far on day 2 of bidding.
  • The IPO received 2.87 crore shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.71 times the reserved portion
  • Non-institutional buyers (NII): 6.95 times the reserved portion
  • Retail individual investors: 41.73 times the reserved portion
  • Employees: 4.54 times the reserved portion

As of 2.10 p.m.

  • The Nazara Technologies IPO was subscribed 7.99 times so far on day 2 of bidding.
  • The IPO received 2.33 crore shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.66 times the reserved portion
  • Non-institutional buyers (NII): 6.18 times the reserved portion
  • Retail individual investors: 32.86 times the reserved portion
  • Employees: 3.18 times the reserved portion

As of 11.20 a.m.

  • The Nazara Technologies IPO was subscribed 5.92 times so far on day 2 of bidding.
  • The IPO received 1.72 crore shares as against an offer size of 29.20 lakh shares.

Subscription Status

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  • Qualified institutional buyers (QIB): 0.37 times the reserved portion
  • Non-institutional buyers (NII): 4.99 times the reserved portion
  • Retail individual investors: 24.07 times the reserved portion
  • Employees: 2.77 times the reserved portion

March 17: Day 1

As of 7.00 p.m.

  • The Nazara Technologies IPO was subscribed 4.01 times so far on day 1 of bidding.
  • The IPO received 1.17 crore shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.36 times the reserved portion
  • Non-institutional buyers (NII): 2.85 times the reserved portion
  • Retail individual investors: 16.75 times the reserved portion
  • Employees: 2.28 times the reserved portion

As of 5.10 p.m.

  • The Nazara Technologies IPO was subscribed 4.01 times so far on day 1 of bidding.
  • The IPO received 1.17 crore shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.36 times the reserved portion
  • Non-institutional buyers (NII): 2.85 times the reserved portion
  • Retail individual investors: 16.75 times the reserved portion
  • Employees: 2.28 times the reserved portion

As of 3.30 p.m.

  • The Nazara Technologies IPO was subscribed 3.18 times so far on day 1 of bidding.
  • The IPO received 92.9 lakh shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.36 times the reserved portion
  • Non-institutional buyers (NII): 2.37 times the reserved portion
  • Retail individual investors: 12.92 times the reserved portion
  • Employees: 1.17 times the reserved portion

As of 11.20 p.m.

  • The Nazara Technologies IPO was subscribed 0.59 times so far on day 1 of bidding.
  • The IPO received 17.25 lakh shares as against an offer size of 29.20 lakh shares.

Subscription Status

  • Qualified institutional buyers (QIB): 0.0 times the reserved portion
  • Non-institutional buyers (NII): 0.1 times the reserved portion
  • Retail individual investors: 3.1 times the reserved portion
  • Employees: 0.44 times the reserved portion

March 16: Funds Raised From Anchor Investors

The company raised Rs 261.31 crores by allocating 23.73 lakh shares to anchor investors on March 16. Around 43 anchor investors were allocated shares at Rs 1,101 per share.

Here are a few of the anchor investors that participated in the anchor book bidding round:

  • Government of Singapore
  • Abu Dhabi Investment Authority
  • Goldman Sachs India Ltd
  • Nomura Funds Ireland Public Limited Company
  • Steadview Capital Mauritius Ltd
  • SBI Mutual Fund
  • HDFC Mutual Fund
  • ICICI Prudential Mutual Fund
  • Axis Mutual Fund
  • Sundaram Mutual Fund
  • Kotak Mutual Fund
  • Aditya Birla Sunlife Mutual Fund

More About the IPO

The entire IPO issue is an offer for sale. Offer for sale is when promoters or existing shareholders of the company are offloading their stake. It is still an IPO because this is the first time the shares are being opened up for the public. No new shares are being created.

Following investors are selling their shares in the OFS:

  • Mitter Infotech LLP, a promoter of the company
  • IIFL Special Opportunities Fund
  • Good Game Investment Trust
  • IndexArb Securities
  • Azimuth Investments

About the Company

Nazara Technologies Limited is a diversified gaming and sports media platform. It has a presence in India and across emerging and developed global markets like North America, Africa, etc.

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