Nazara Technologies IPO
Nazara Technologies IPO — date, price band, lot size & details 2021
Nazara Technologies listed on 30 Mar 2021 at ₹1,990, 80.7% above the ₹1,101 issue price.
Nazara Technologies is a gaming and sports media company with businesses in mobile games, eSports and gamified early learning. Its total income was Rs 262.15 crore in FY2020.
Stock price
Nazara Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 17 Mar 2021
- Close 19 Mar 2021
- Allotment 24 Mar 2021
- Refund/credit 25 Mar 2021
- Listing 30 Mar 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 17 to 19 Mar, 2021 |
|---|---|
| Price Band | ₹1100 – ₹1101 |
| Face Value | ₹4 |
| Lot Size | 13 Shares |
| Issue Size | ₹582.69 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 110.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,313 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 13 shares at the ₹1101 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 13 | ₹14,313 |
| Retail (max) | 13 | 169 | ₹1,86,069 |
| S-HNI (min) | 14 | 182 | ₹2,00,382 |
| S-HNI (max) | 69 | 897 | ₹9,87,597 |
| B-HNI (min) | 70 | 910 | ₹10,01,910 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 181.94 crore in FY2018 to Rs 262.15 crore in FY2020.
- 02Total income was Rs 207.01 crore in the six months to 30 September 2020, close to the full FY2020 figure.
- 03Borrowing was negligible, at Rs 0.02 crore on 31 March 2018, with none shown for later periods.
- 04Net worth was Rs 481.98 crore on 30 September 2020.
- 05It runs 5 business lines across several regions, with brands such as Kiddopia and Sportskeeda.
Risks · 6
- 01The company made losses of Rs 26.62 crore in FY2020 and Rs 10.11 crore in the six months to 30 September 2020.
- 02The source shows a negative P/E, with pre-issue EPS of minus Rs 8.74.
- 03The whole Rs 582.69 crore issue was offer for sale, so no money went to the company.
- 04EBITDA fell from Rs 58.62 crore in FY2018 to Rs 9.11 crore in FY2020.
- 05Assets rose from Rs 514.58 crore in FY2019 to Rs 776.83 crore in FY2020, much faster than profit.
- 06Promoters held only 22.88% of the company before the issue, as per the RHP.
Three years of numbers
All figures in ₹ crore, as reported in the Nazara Technologies offer document.
| Metric | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 798.66 | 776.83 | 514.58 | 470.76 |
| Total Income | 207.01 | 262.15 | 186.10 | 181.94 |
| Profit After Tax | -10.11 | -26.62 | 6.71 | 1.02 |
| EBITDA | 12.66 | 9.11 | 32.75 | 58.62 |
| NET Worth | 481.98 | 463.47 | 413.75 | 364.63 |
| Reserves and Surplus | 484.21 | 495.94 | 396.12 | 341.03 |
| Total Borrowing | 0.02 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Nazara Technologies RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Nazara Technologies IPO will be updated shortly.
About the company
Its offerings include CarromClash and World Cricket Championship in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports, and Halaplay and Qunami in real money gaming.
It runs subscription, freemium, eSports, gamified early learning and real money gaming businesses. Gamified early learning and eSports together gave 71.03% of revenue in the six months to 30 September 2020, as per the source.
The IPO was Rs 582.69 crore and was entirely an offer for sale, so the company received none of the money. The promoters are Vikash Mittersain, Nitish Mittersain and Mitter Infotech LLP.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
65 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Jefferies India Private Limited
20 issues handledBest listing: Dhoot Transmission (+37.8%). Weakest: Turtlemint Fintech Solutions (-10.4%).
IIFL Capital Services Limited
71 issues handledBest listing: MTAR Technologies (+82.6%). Weakest: Rategain Travel Technologies (-15.3%).
Nomura Financial Advisory & Securities (India) Pvt. Ltd
11 issues handledBest listing: Medplus Health Services (+30.7%). Weakest: Shriram Properties (-23.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Nazara Technologies?
The current Grey Market Premium is ₹0.
What is the Nazara Technologies IPO price band?
₹1100 to ₹1101, on a face value of ₹4.
When is the allotment?
The basis of allotment is 24 March 2021, with listing on 30 March 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
