Nazara Technologies IPO Date

Nazara Technologies IPO is the next in line from the list of upcoming IPOs. It is all set to go on floors of the share market today. Thus, you must be looking for all the details relating to the Nazara Technologies IPO date.

But before that, we need to know about the company bringing this IPO.

Nazara Technologies was incorporated in 1999 as a gaming company. It has played an important role in building a strong gaming ecosystem in India.

Further, it is the first gaming company in India to get listed on the stock exchanges.

The company is banked by Mr. Rakesh Jhunjhunwala – the Warren Buffett of India. The company is hoping to raise ₹582 Cr approximately from this IPO.

Now, let us get back to the Nazara Technologies IPO date details.

Nazara Technologies IPO Date Details

A company sets on the journey of IPO with a destination to get listed on the stock exchanges. This small but extremely crucial journey starts with the IPO opening for subscription and ends when the shares get listed.

Some dates are important along the way. They have been discussed in detail below.

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Nazara Technologies IPO Issue Date

Issue Date is a specific date on which a company makes a new issue of IPO shares to the public investors. Only at this date, investors can apply for the shares. 

Issue date includes mainly two types of dates; Opening date and Closing date of an IPO. 

Starting with the Nazara Technologies IPO opening date, it will open on 17th March 2021 for the subscription. On the other hand, it will close after the next three days, i.e. on 19th March 2021. 

 

Between 17th March to 19th March 2021, any investor can subscribe for the shares of this company. 

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Nazara Technologies IPO Allotment Date

Next in the line of Nazara Technologies IPO Date comes some other dates on which the shares are allotted to the investors and transferred to their Demat Accounts. 

This process gets started after the closing of an IPO. 

The details are as follows:

 

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Nazara Technologies IPO Listing Date

A listing date is a specific date when the IPO shares are listed on the stock exchange.  

The IPO of this Gaming Firm Nazara Technologies will be listed on 30 March 2021. 

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How To Apply For Nazara IPO

You can apply for an IPO using two methods; Online method and Offline method. Whichever way you choose, there exists a requirement of a Demat account with a registered stockbroker or depository participant. 

Besides, there are some documents, such as PAN Card, Adhar Card, and Bank Account Number, that you will be asked for an account opening process. 

Now if you choose an online method, you will be required to go through the following steps:

➡️ Log-in to your trading app provided by the broker.

➡️ Go to the investment section, and click on the IPO you wish to invest in. 

➡️ Put the quantity of IPO shares you wish to apply for.

➡️ Type the IPO price at which you want to bid.

➡️ Select the payment option; UPI (Unified Payment Interface) and ASBA (Application Supported by Blocked Amount).

➡️ Press the submit button.

On the other hand, if you go for the offline method, you will need to visit the bank branch and submit your application to the bank executive.

In both methods, you will require documents, your application form gets submitted, and the amount will get blocked in your bank account.

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Should You Invest In Nazara Technologies IPO?

Yes, you can invest but before that, there are some aspects that you should know about before investing in this IPO. 

According to the Red Herring Prospectus, the Nazara Technologies IPO has an objective to develop successful relationships with other gaming industries so that it can strengthen its position in the gaming ecosystem along with its gamified learning offerings. 

This means they are majorly focussing on enhancing their brand identity. 

Now, if we look at the financial parameters of this gaming firm, it seems to be overall good. 

The company’s assets and income have increased by 41%, and 13%, respectively from 31 March FY18 to 30 September FY20. Whereas, this company has faced loss in the same financial year due to the Covid-19 pandemic. 

Apart from the things discussed above, do have a look at the Nazara Technologies IPO GMP movement as it reflects the listing price of the IPO. 

Also, this is our own research. Please do your own study before investing your hard-earned money in this IPO. We believe that your query regarding the Nazara Technologies IPO Date has been sorted out. 

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Planning to invest in Nazara Technologies IPO, apply now by opening a demat account for free.

 

Know more on Upcoming IPO Price