Rakesh Jhunjhunwala-backed IPO becomes India’s second most subscribed IPO in 2021 : Nazara Technologies

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Nazara Technologies

Enjoying some real success on the flood of confidence in 2021, Rs 583-crore initial public offering of Nazara Technologies‘ has supplanted Easy Trip Planners to turn into the country’s second-most bought in issue up until now.

With its contributions like intuitive gaming, eSports and gamified early learning biological systems, Nazara Technologies is a broadened gaming and sports media stage with a presence in India and across arising and created worldwide business sectors like Africa and North America.

As indicated by information accessible on trades, the IPO of Nazara Technologies, driven by non-institutional investors who offer 389.89 occasions the offers on offer, was bought in 175.46 occasions at 5 p.m. on March 19.

The institutional investors who were reluctant during the initial two days lapped up shares on the last day.

Subscription details: Nazara Technologies

Nazara Technologies
  • Institutional investors: 103.77 times
  • Non-institutional Investors: 389.89 times
  • Retail investors: 75.29 times
  • Employee:7.55times.

IPOs So Far in 2021

MTAR Technologies 200.79

Nazara Technologies 175.46

Easy Trip Planners 160.18

Indigo Paints 117

Laxmi Organic Industries 106.74

Heranba Industries 83.3

Anupam Rasayan 45.21

RailTel Corporation 42.39

Nureca 39.9

Home First Finance 26.65

Stove Kraft 18.03

Brookfield REIT 7.97

Craftsman Automation 3.8

IRFC 3.49

Kalyan Jewellers 2.64

Suryoday Small Finance Bank 2.37

Contrasted with 52.94 lakh shares on proposal at Rs 1,100-1,101 each, the eighteenth issue to open up to the world so far this year has gotten offers for 92.88 crore shares.

Different stakeholders of the organization encashed entire or part of their stake through the underlying offer of the organization.

The organization is additionally India’s just gaming firm with a presence in arising and created markets like African and North American nations. ICICI Securities, IIFL Securities, Jefferies India and Nomura Financial were book-running lead supervisors.

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