How to Apply For Nazara IPO

There is a long list of upcoming IPO this month and Nazara Technologies IPO is next in line. Therefore, a query among the willing applicants is – how to apply for Nazara Technologies IPO?

We will answer this question in detail. But before that, we need to know a little bit about the company. 

Nazara Technologies is a gaming company and was incorporated in 1999. It is going to be the first gaming company in India to get listed on the stock exchanges.

This company is backed by Mr. Rakesh Jhunjhunwala – the Warren Buffett of India.

The company is eyeing ₹582 Cr approximately from this IPO.

Now let’s get back to the center of discussion – how to apply for Nazara Technologies IPO?

You have the option to apply online or offline. Both of them have been discussed below.

How To Apply For Nazara Technologies IPO Online?

The digitalization of our lives has had a huge impact on every task we do and applying for an IPO is no exception. But you need to meet the first requirement, i.e., a demat account with a stockbroker or depository participant.

Since you have chosen to apply for Nazara Technologies IPO online, you have the choice to apply using UPI (Unified Payment Interface) method or ASBA (Application Supported by Blocked Amount) Method.

Let us discuss both of them in detail in the upcoming sections.

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How To Apply For Nazara Technologies IPO Using ASBA?

ASBA is a process that can be done only using banks that are approved by the SEBI. There are more than 65 banks on this list and they include – ICICI Bank, Citi Bank, HDFC Bank, Union Bank of India, State Bank of India, etc.

Here, the amount corresponding to your bid is blocked in your bank account and is debited or unblocked after the allotment process concludes.

The steps in this procedure are as follows:

🎇 Open the net banking portal of your bank.

🎇 Log in using the credentials.

🎇 Search for the Request button in the menu of the dashboard and click it.

🎇 You will be redirected to a page with the list of IPOs open for subscription.

🎇 Click on the apply button for Nazara Technologies.

🎇 Fill the application form with the necessary details.

🎇 Cross-check the application and submit it.

Since you know the steps, you must also learn about some of the rules set by the regulatory body. They are as follows:

🎇 The application should be made through a SEBI-approved bank.

🎇 The application should not be made under a reserved category provided by the company.

🎇 You must have an active demat account.

🎇 The maximum application amount should not exceed ₹2 Lakhs.

🎇 The securities should be held in a demat account.

Now, let us jump over to apply for Nazara Technologies IPO through UPI.

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How To Apply For Nazara Technologies IPO Through UPI?

The UPI method was accepted by SEBI in 2019 after it became popular among the citizens. The first step is to register on a UPI mobile application and generate a UPI ID.

Now follow these steps:

▶️ Log on to your trading platform.

▶️Open the IPO tab and select Nazara Technologies IPO.

▶️ Fill the form:

▶️ In the payment column, enter the UPI ID.

▶️ Submit the form and you will receive an amount blocking request in the UPI app for blocking the amount.

▶️ Approve it to complete the application.

The amount will be blocked until the allotment process concludes.

Now, let us discuss the offline procedure.

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How To Apply For Nazara Technologies IPO Offline?

The only difference between the offline and online process is that you have to visit the nearest bank branch in person. Thus, the answer to how to apply for Nazara Technologies IPO offline is pretty straightforward.

When you visit the bank, keep these details handy:

📑 Bank Account Number

📑 Cheque for payment

📑 PAN Card Number

📑 Demat Account Number

The amount is blocked here too. Submit the form to the designated bank executive and they will process it through the portal.

We know that all the application processes have piqued your interest in the IPO and you want to apply. So, here is the list of Nazara Technologies IPO dates.

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Nazara Technologies IPO Date

The journey of an IPO starts with its opening for subscription and ends with the IPO shares getting listed on the stock exchanges. The dates have been tabulated below:

 

Now that the dates have been discussed, we should also take a quick look at all the prices of this IPO.

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Nazara Technologies IPO Price

The major prices involved with an IPO are issue size, price band, fresh issue size, offer for sale (OFS), and listing price.

The prices for Nazara Technologies IPO is as follows:

 

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Should You Invest In Nazara Technologies IPO?

Applying for Nazara Technologies can be a great opportunity for those who wish to support the gaming industry in India. It is showing a great trend movement in the case of GMP.

Since GMP is considered to be a great factor in supporting or pulling down the listing price, this shows a positive expectation of the market. Also, you should consider the various factors like the finances of the company.

You must analyze them in detail and then reach a conclusion about the investment decision.

Happy trading and good luck!

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