Nazara Technologies IPO is one of the upcoming IPO drafted with SEBI. The company is going with 55,43,052 equity shares in the market. 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|
|Top Brokers Review||7.4/10|
Summary of Nazara Technologies IPO
The 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
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
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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)|
Revenue and PAT of the Company
|Revenue & Profits (in INR & Millions)|
|Profit after Tax (PAT)||597||645||591||289||132|
Earnings per Equity Share
|Earning per Equity Share (in INR)|
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.
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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.
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Nazara Technologies IPO Offer Details or Issue Details
|Offer of Equity Shares||Up to 5,543,052 Equity Shares aggregating up to `[●] million|
|A) QIB portion||Atleast [●] Equity Shares|
|(i) Anchor Investor Portion||Not more [●] Equity Shares|
|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|
|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 Portion||Not more than [●] Equity Shares|
|C) Retail Portion||Not more than [●] Equity Shares|
|Pre and post Offer Equity Shares|
|Equity Shares outstanding prior to the Offer||26,972,619 Equity Shares|
|Equity Shares outstanding after the Offer||26,972,619 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.
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
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
|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 Review||Company Repu-tation||Compe-titive Edge||Finan-cial State-ment||Popu-larity Index||Promo-ters Repu-tation|
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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