Business

Nazara Technologies IPO subscribed 3.35 times on opening day; retail category oversubscribed 13.79 times

Nazara Technologies IPO subscribed 3.35 times on opening day; retail category oversubscribed 13.79 times
Written by admin
Nazara Technologies IPO subscribed 3.35 times on opening day; retail category oversubscribed 13.79 times

Nazara Technologies IPO subscribed 3.35 times on opening day; retail category oversubscribed 13.79 times

IPO

The worth band of the corporate’s IPO is Rs 1,100-Rs 1,101 per share with lots measurement of 13 and its multiples.

The preliminary public supply (IPO) of Nazara Technologies was subscribed 3.35 times on the opening day of the subscription with the retail investor’s category being subscribed practically 14 times on Wednesday.

The Rs 583 crore value Nazara Technologies IPO opened at the moment (17 March) and can shut on Friday (19 March).

In response to a report by Times Now, the certified institutional patrons subscribed 0.36 times to their reserved portion. The bidding by retail traders was 13.79 greater than the reserved portion whereas that of non-institutional traders has been subscribed 2.43 times.

The Nazara Technologies IPO had acquired total bids for 90,69,580 lakh fairness shares, whereas the staff’ portion of the problem was booked 0.14 times until 3.25 pm.

The supply on the market (OFS) is for 52,94,392 fairness shares, together with an anchor portion of 23,73,395 fairness Shares.

Established in 1999, the cellular gaming firm, recognized for its video games like Chhota Bheem, Motu Patlu and World Cricket Championship, relies in India. The worth band of the corporate’s IPO is Rs 1,100-Rs 1,101 per share with lots measurement of 13 and its multiples.

The funds generated from the problem are going to offer liquidity to its present shareholders whereas additionally selling the model identify.

Registrar of the Nazara Technologies IPO is Hyperlink Intime India Personal Ltd. Nazara Technologies’ fairness shares are more likely to be listed on Bombay Inventory Trade and the Nationwide Inventory Trade by 30 March.

Jefferies India Personal Restricted, IIFL Securities, Nomura Monetary Advisory and Securities (India) Personal Restricted and ICICI Securities are the lead managers of this problem.

Earlier than the IPO was launched, the corporate gained Rs 261.31 crore from its anchor traders after allotting 23,73,395 shares on the worth of Rs 1,101 per share.

Subscribe to Moneycontrol Professional at ₹499 for the primary 12 months. Use code PRO499. Restricted interval supply. *T&C apply

#Nazara #Technologies #IPO #subscribed #times #opening #day #retail #category #oversubscribed #times

About the author

admin