Nazara Technologies IPO – Review, Allotment Status, Price, Date & more

Nazara Technologies IPO is one of the upcoming IPO drafted with SEBI. In this Article, we will do a detailed review of Nazara Technologies IPO. Other than review, we will look into some of the important aspect of this IPO like IPO Object, Allotment Status, IPO issue details, Company background, Companies financials, IPO release date, IPO price band, Grey market pricing & more.


Nazara Technologies IPO Review & Ratings

Nazara Technologies IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.1/10
Industry Ranking7.2/10
Company Background7.2/10
Company Reputation7.2/10
Competitive Edge7.2/10
Financial Statements7.0/10
Popularity Index7.1/10
Promoters Reputation7.1/10
Retail Appetite7.3/10
Top Brokers Review7.4/10
Overall Ratings7.2/10
Star Ratings★★★☆☆

Summary of Nazara Technologies IPO

Nazara Technologies IPOThe IPO from the Nazara Technologies Limited is the first IPO to be raised by an online gaming company. The company designs and develops games for mobiles and other electronic devices have drafted papers with SEBI to raise an IPO.

The company is the brain behind some of the popular games like Chhota Beam, Motu and Patlu Series and World Cricket Championship.  5,543,052 number of equity shares are to be sold by the company by the existing shareholders of the company.

The equity shares are being sold in order to improve the brand value of the company and to provide liquidity to the equity shares held by the existing shareholders.

The ICICI Securities and Edelweiss Financial Services are proposed to manage the Initial Public Offer of the company. The equity shares of the company will be listed on both the major stock exchanges like BSE and NSE.

West Bridge Ventures Investment Holdings and Mitter Infotech hold the major equity shares that are listed on the draft red herring prospectus.


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Nazara Technologies IPO Date

The IPO date has not been released yet.

Nazara Technologies Limited IPO Subscription

 Subscription
Day 1X
Day 2X
Day 3X
Day 4X
Day 5X

The IPO issue data has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.

Nazara Technologies IPO Allotment Status

Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

Nazara Technologies IPO Price Band

The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

The face value of the equity shares released by the company is Rs 4 each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.

Nazara Technologies IPO Issue Size

Issue size of Nazara technologies IPO is not known yet.

Nazara Technologies IPO Equity Shares Offerings

As per the red herring prospectus drafted with SEBI, the company may issue 55.43 lakh shared to the public & institutions.


Nazara Technologies Limited – Company Overview

Nazara Technologies Limited is a gaming company that has more than 60 clients all over the world. The company provides mobile subscription gaming to the mobile phone users.

The mobile gaming company has grown so enormously in the past few years that ace investors like Rakesh Jhunjhunwala have invested in the stocks of this firm. The company aims to provide a public market for the equity shares in India. The company is headquartered in Mumbai, India.

Gaming company is involved in the acquisition and the value addition of the games that are present in the gaming world. The independent subsidiaries of the company are Next Wave Multimedia and NODWIN GAMING.

The investee companies are Moonglabs Technologies Private Limited, HalaPlay Technologies Private Limited, Hashcube Inc., and Mastermind Sports Limited. The subscription services of the company are accessed by over 130.43 million monthly visitors from all over the globe.

Key Members of the Company

  • Vikash Mittersain (Chairman & MD)
  • Nitish Mittersain (Joint MD)
  • Kuldeep Jain (Non-Executive Director)

Strength of the Company

  • Sustained profitability and rapid growth of our operations
  • Scalable and asset light model across business offerings
  • Diversified business across geographies, telecom operators, gamers and gaming content
  • Experienced and dedicated management team

Strategies of the Company

  • Continue organic growth of our Subscription Business
  • Increased focus on scaling operations in the Freemium Business
  • Pursue strategic acquisitions and partnerships
  • Develop intellectual property of our network of games

Nazara Technologies Limited – Financial Statement

Have a look at the Financial Stability of the company before you invest in it.

Assets of the Company

Assets (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset1631126773142
Current Asset2,4201,8861,358716345
Total Asset2,5831,9991,426789487

Revenue and PAT of the Company

Revenue & Profits (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue198921901578901561
Profit after Tax (PAT)597645591289132

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic300.21866.19774.23369.45158.03
Diluted289.90307.99278.73135.3360.36

Nazara Technologies has seen a massive growth in its last 5 years where the PAT has grown more than 4x & Revenue has grown more than 3x. IPO should get a good exposure in the market as the company is showing very good growth.


Nazara Technologies Limited – Promoters

The Promoters of the Company are

  • Vikash Mittersain
  • Nitish Mittersain
  • Mitter Infotech LLP

Interest of Promoters

Interest of Promoters in the promotion of the company

The promoters of the company have promoted the company and they have shown interest in their shareholding of the company in the form of equity shares.

Interest of promoters in the property of the company

The promoters are not interested in the property of the company and they do not have any interest in acquiring the machinery of the company. They have not shown interest towards the property for two years before the filing of the Draft Red Herring Prospectus with SEBI.

Interest of promoters in the intellectual property of the company

The promoters do not have any interest in the intellectual property of the company


Nazara Technologies IPO Offer Details or Issue Details

Offer of Equity SharesUp to 5,543,052 Equity Shares aggregating up to `[●] million
of which
A) QIB portionAtleast [●] Equity Shares
of which:
(i) Anchor Investor PortionNot more [●] Equity Shares
of which:
Available for allocation to Mutual Funds only[●] Equity Shares
Balance for all QIBs including Mutual Funds[●] Equity Shares
(ii) Balance available for allocation to QIBs other than
Anchor Investors (assuming Anchor Investor Portion is fully subscribed)[●] Equity Shares
of which:
Available for allocation to Mutual Funds only (5% of the QIB Portion excluding the Anchor Investor Portion)[●] Equity Shares
Balance for all QIBs including Mutual Funds[●] Equity Shares
B) Non-Institutional PortionNot more than [●] Equity Shares
C) Retail PortionNot more than [●] Equity Shares
Pre and post Offer Equity Shares
Equity Shares outstanding prior to the Offer26,972,619 Equity Shares
Equity Shares outstanding after the Offer26,972,619 Equity Shares

The company has posted in the draft red herring prospectus that they are going to issue 55.43 lakh shares in the market. They have not given any specific issue size as of now.


Nazara Technologies IPO Issue Object

Here are the Object of the IPO issue:

  • To achieve the benefit of listing equities in the stock exchange
  • Listing of Shares in Stock market will enhance the Brand image of the company

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Nazara Technologies IPO – Basis of Offer Price

Nazara Technologies Limited determines its own offer price. The shareholders of the company research the market for the demand for the products as the company has decided to sell off the equity shares.

The company consults the BRLMs’ and decides on the basis of the qualitative and the quantitative factors of the company. The face value of the equity shares released by the company is Rs 4 each.

The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.

Qualitative Factors

The company believes that their qualitative strengths help them to compete in the highly competitive industry. These are the factors:

  • There is sustained profitable conditions and rapid growth in the operations of the company
  • Their gaming insights that have the monetary capacities in the emerging markets
  • Their business offerings that are scalable
  • The light asset model of the company
  • Diversified business operations across varied geographies, the telecommunication companies, gaming organizations and gaming content
  • Highly experienced and dedicated managers of the team

Quantitative Factors

These are the quantitative factors of the company

  • Basic and Diluted Earnings Per Share (“EPS”)
  • Price/Earning (“P/E”) ratio in relation to Price Band of Rs [●] to Rs [●] per Equity Share
  • Return on Net Worth (“RoNW”)
  • Minimum Return on Increased Net Worth after Offer needed to maintain Pre-Offer EPS
  • Net Asset Value (“NAV”) per Equity Share
  • Comparison with Listed Industry Peers
  • The Offer Price will be [●] times of the face value of the Equity Shares

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Nazara Technologies Limited IPO Lead Managers

Lead Managers
ICICI Securities Limited
Edelweiss Financial Services Limited

Nazara Technologies IPO Registrar to the Offer

Registrar of the Offer
Link Intime India Private Limited

Nazara Technologies IPO Review by Top 10 Stock Brokers

Here are the ratings & review of Nazara technologies IPO by some of the top stock brokers

Top Stock Brokers ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
Angel Broking7.5/107.4/107.5/107.1/107.1/10
Sharekhan7.2/107.1/107.6/107.1/107.2/10
Kotak Securities7.3/107.5/107.4/107.1/107.3/10
ICICI Direct7.3/107.3/107.7/107.1/107.1/10
IIFL7.5/107.2/107.8/107.0/107.1/10
Edelweiss7.5/107.4/107.4/107.3/107.2/10
Zerodha7.4/107.1/107.5/107.1/107.0/10
5Paisa7.1/107.1/107.4/107.1/107.1/10
Karvy7.4/107.3/107.2/107.1/107.1/10
Motilal Oswal7.1/107.1/107.6/107.3/107.2/10

Nazara Technologies IPO Grey Market Premium

The Nazara Technologies Limited IPO Grey Market Premium will be announced two weeks before the price of the issue is announced.


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Nazara Technologies IPO News

News 1 – Nazara Technologies files IPO papers with Sebi


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