Nazara Technologies IPO Price

The next upcoming IPO is of Nazara Technologies Limited. Are you planning to invest in this IPO and are curious to know its price. If yes! then, don’t worry !! We will provide you here comprehensive and relevant information- Nazara Technologies IPO Price, that will serve your purpose. 

As you all know, the IPO Price is an official value determined by the financial services company (investment banks) during the IPO process. It consists of two main prices; Issue price and Listing price.

But before diving into IPO Price details, getting familiar with the company and its objectives is essential, Right?? 

Let us start with the company business.

Nazara Technologies Limited is 20 years old and one of the leading mobile gaming and new-age sports media companies based in Mumbai. 

It is engaged in possessing, adding value to, and distributing mobile games across emerging markets in India, Africa, South East Asia, Middle East, and Latin America. 

This company is backed by Rakesh Jhunjhunwala and is all set to come out with the first IPO worth ₹582.91 Cr on 17 March 2021. 

Besides, this IPO intends to utilize the funds to develop successful relationships with other gaming industries so that it can strengthen its position in the gaming ecosystem and its gamified learning offerings.

If you are willing to apply for Nazara IPO, let us look at the essential details of the minimum and maximum investment along with the IPO price below. 

Nazara Technologies IPO Issue Price 

IPO Issue price is an amount that investors are ready to pay for buying the IPO shares. It is decided by the promoters or selling shareholders of a company. 

Whereas the Listing price is the opening price of a particular stock once it is listed in the stock market. It is determined by the demand and supply of shares. 

Let’s get started with the Nazara Technologies IPO Price!!

The Nazara Technologies Ltd. will sell 52,94,392 Equity shares of the face value of ₹4 of up to ₹582.91 Cr. 

It is a complete offer for sale issue.

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Nazara Technologies IPO Price Band 

After the Issue price of Nazara Technologies IPO, let us know at which price range this company makes its per share available for subscription to the investors. 

The Price Band for the issue has been fixed at ₹1,100-₹1,101 per share by Nazara Technologies.

The minimum lot size of this IPO is 1 (13 shares), and the maximum lot size is 13 (169 shares). 

That means retail investors can increase their lot size up to 13 lots or 169 shares. 

Besides, you will need to make a minimum investment of ₹14,300 and a maximum investment of up to ₹1,85,900.

Below is a table showing Nazara Technologies IPO Price:

 

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Nazara Technologies IPO Listing Price 

A listing price is a price at which the stock opens and gets listed on the BSE and NSE. 

However, the Nazara Technologies IPO Listing price is not yet declared. Its listing will happen on 30 March 2021. 

We will update it here later. 

Stay connected with us!!

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Nazara Technologies IPO In Grey Market 

Next in the line of Nazara Technologies IPO Price comes the Nazara Technologies IPO GMP or Grey Market Premium. 

It is a price at which IPO shares are traded outside the official trading channels.

The higher the GMP, the higher the demand for the IPO shares in the market which indicates that investors can enjoy higher listing gains., indicating

Nazara Technologies IPO is seen trading at a GMP of ₹840.

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Should You Invest In Nazara Technologies IPO?

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

The Nazara Technologies IPO aims to develop successful relationships with other gaming industries to strengthen its position in the gaming ecosystem and its gamified learning offerings. 

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

Even though Nazara Technologies is launching its first IPO, there are multiple benefits of investing in the Nazar Technologies IPO. 

♦ The gaming industry is growing at a fast pace, and since a gaming company will raise this IPO, there are chances that the IPO may get successful. 

♦ The company is not just indigenous but has a global reach. 

♦ This IPO is backed by solid and experienced investors such as Rakesh Jhunjhunwala.

♦ If we talk about the fundamentals of this company business, 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. 

Besides, as it is the first-ever IPO launched by a gaming company, so the situation may be pretty dicey. 

Also, this is our research. Please do your study before investing your hard-earned money in this IPO.

Happy Investing !! 

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Know more about the Upcoming IPO 2021 Date