Nazara Technologies IPO Review 

Initial Public Offering generally referred to as IPO, has taken over the stock market. Making it to the long list of IPOs, Nazara Technologies is here with its first IPO. So, if you are looking for a detailed guide, this Nazara Technologies review will serve the purpose. 

IPO is the process of a company bringing out its shares for sale to the public. After getting a nod from SEBI, these shares then get officially listed in the stock exchanges (NSE, BSE)

A company to maximize its income and sometimes some other goals enter the public market with its shares. 

All the companies have to go through a lengthy approval to get a listing at the stock exchanges. It is only after the approval of their DRHP that they are eligible for entering the stock market.

Now, let us take a detailed look at the Nazara Technologies IPO. 

Nazara Technologies IPO Details

Before getting into IPO, getting acquainted with the company and its objectives, a little is essential. 

Nazara Technologies, established in 1999 in Mumbai, is a leading gaming company in the industry. The company is backed by Rakesh Jhunjhunwala and is now ready to set its foot into the IPO world. 

Now, let us look at some essential details related to the Nazara Technologies IPO.

 

Once approved, the Nazara Technologies IPO will be listed in the BSE and NSE. 

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Nazara Technologies IPO Objectives 

Nazara Technologies is the first gaming development company that will be launching its IPO and bringing the shares to the public stock exchanges. There must be some specific reasons for this.

The objectives of the company behind launching their first IPO are as follows:

• The objective of the company is the enhancement of their company brand name.
• They are also aiming to give liquidity to the existing shareholders. 
• The IPO offer is only related to the promoters, so the company will not receive any proceeds from the initiated offer. The selling shareholders will get all the profits that will be generated through the offer. 

The objectives of launching an IPO vary from one company to another. Nazara Technologies IPO’s objectives are clear, and they are majorly focusing on enhancing their brand identity. 

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Nazara Technologies IPO Date

When you are applying for Nazara Technologies IPO, it is essential that you are accustomed to the dates.  

The Nazara Technologies IPO is set to launch on the 17th of March and will go on till the 19th of March. 

Apart from this, there are some other important dates that you should keep in mind so that you don’t miss any vital information. 

 

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Nazara Technologies IPO Price

Now, we will see Nazara Technologies IPO price in this section. IPO Price mainly consists of two types of prices; the Issue price and Listing price. 

The issue price of an IPO is the price at which any private company sells its IPO shares for the first time to the investors. 

On the other hand, the listing price is the price at which shares get listed on the stock exchange. In simpler words, the listing price is the opening price of shares on a listing day. 

Nazara Technologies Limited is all set to issue around 52,94,392 Equity shares worth ₹582.91 Cr to the public investors via IPO. This is a complete offer for sale. 

Besides, Nazara Technologies will sell its shares in the price band of ₹1,100-₹1,101. 

That means the investors can bid for a minimum number of shares by investing ₹14,300, whereas they will be required to make a maximum investment of up to ₹1,85,900.

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Nazara Technolgies IPO GMP

The GMP or the grey market premium plays an important role when it comes to the listing price of the IPO. Therefore, it is essential to discuss the Nazara Technologies IPO GMP. 

GMP is the price in which the trading happens before the IPO gets listed in the stock exchange. The Nazara Technologies IPO GMP is Rs.650-Rs.300.

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Nazara Technologies IPO Promoters 

There are some promoters attached to every IPO. When it comes to Nazara Technologies IPO promoters, they are as follows. 

• Vikash Mittersain 
• Nitish Mittersian 
• Mitter Infotech LLP. 

These promoters have supported the company, and they are an essential part of the company’s growth. 

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How to Apply for Nazara IPO 

If you want to know how to apply for Nazara technologies IPO, then you have reached the right place. 

The first thing that you need before applying for the Nazara Technologies IPO is a demat account. The process of opening a demat account is very simple, all you need are some documents. 

These documents include PAN card, bank account details, and Aadhar card. Once your documents are verified, you will get access to your demat account. 

After the opening of your demat account, you can apply for IPO, either through AZBA or UPI. You can follow the given steps to apply for the Nazara Technologies IPO successfully. 

• Your broker will give you a trading app. Log in to this trading app using the credentials. 
• On the investment section, choose the IPO you want to apply for. 
• Enter the quantity of shares and the biding price. 
• You will now be given an option to complete the payment through either AZBA or UPI method. 
• After choosing the method, click on the submit button. 

After the process of payment is successful, the stated amount gets blocked.

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Nazara Technologies IPO Pros 

Even though Nazara technologies is launching its first IPO, there are various advantages. Given below are the multiple benefits of investing in Nazara Technologies IPO. 

• The gaming industry is growing at a breakneck pace, and an IPO, if successful, can give it the required push. 
• Since it is the first IPO from a gaming company, the chances of growth are great if analyzed carefully. 
• It is backed up by the leading investor, Rakesh Jhunjhunwala. 
• The company is not just an indigenous but also a global sensation. 

These advantages give a heads up if you want to invest in the Nazara Technologies IPO. 

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Nazara Technologies IPO Cons 

Good and evil always exist together, so there are some cons followed by the pros of the Nazara Technologies IPO. Since we have discussed the pros, it is our responsibility to shed some light on the dark side as well. 

Here are the cons of Nazara Technologies IPO. 

• The company is launching its first IPO, therefore they have no formal market for the equity shares. 
• The company will not get any proceeds from the offer. 

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Should You Invest In Nazara Technologies IPO?

Now that you know enough about the Nazara Technologies IPO, it will be easier for you to decide whether to invest in it or not. 

Whenever you are investing in an IPO, it is always advisable to read and research correctly. You should also keep in mind that when you invest in an IPO, there are chances that you will lose the entire investment. 

It is the first-ever IPO from Nazara Technologies and the first from a gaming company, so the situation right now is pretty dicey. There can be excessive growth but, on the contrary, downfall as well. 

So, if you want to invest in Nazara Technologies IPO, keep your facts clear and your decision wisely. 

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