The upcoming IPO in the share market is Nazara Technologies IPO. It is a fact that GMP plays an important role in the price of listing shares. Thus, here is all you need to know about Nazara Technologies IPO GMP.
GMP or Grey Market Premium has a huge impact on the decision of an investor looking forward to subscribing to an IPO. before we jump to the discussion in-depth, let us step back and know a little about the company bringing this IPO.
Nazara Technologies was established in 1999 and is a part of the gaming industry of India. It is the first gaming company to be listed on the Indian stock exchanges.
It is backed by the Warren Buffett of India – Mr. Rakesh Jhunjhunwala.
The IPO is an offer for sale (OFS) only and the issue size is ₹582 Cr approximately.
Now, we shall get back to the discussion of Nazara Technologies IPO GMP today.
Note – All these articles will be updated regularly. Last updated on “24 March, 2025“
Nazara Technologies IPO GMP Today
GMP of an IPO is observed on a daily basis by the interested investors and traders as it tends to fluctuate throughout the day and every day. The track of GMP for this IPO can be kept in form of a table.
The data is compiled below:
Date
GMP (in INR)
Kostak (in INR)
13rd March 2021
650
-
15th March 2021
650
500
16th March 2021
800
500
17th March 2021
850
500
18th March 2021
850
500
19th March 2021
850
500
20th March 2021
700
300
21st March 2021
-
-
22nd March 2021
700
300
23rd March 2021
700
300
24th March 2021
650
300
Keeping a track of GMP movements is necessary as it tells if the shares are in demand or not. If it is positive, the premium will support the listing price and it will open at a higher listing price.
Now that GMP is done and dusted, you must be looking forward to the application process. It has been discussed in detail below.
The next step is to choose between the offline or online process. In the offline process, the applicant has to visit the nearest bank branch and then submit the application in person.
On the other hand, if they choose online, they get two choices – to apply through ASBA or UPI. If you use a trading platform to apply, you use the UPI method and if you apply through the net banking portal, you use ASBA.
Sometimes an IPO turns out to overhyped. Since you would not want to invest in a hyped-up IPO, here are some points you should consider while taking a call on the subscription of Nazara Technologies IPO.
Check the GMP movement of the IPO as it will help you in predicting the demand of the shares in the market even before they are listed on the exchanges. Also, you should invest after analyzing the financials of the company.
Leadership also plays an important part in the growth of a company. Further, it is a great opportunity for people who wish to support the Indian gaming industry.