20093Google launches all in one wallet

Nazara has led with partnerships like ESL and Nodwin/Krafton and sponsors like Airtel for a PUBG mobile tour

Ace investor Rakesh Jhunjhunwala-backed Nazara Technologies opened at Rs 1,990 per share on the National Stock Exchange, implying a premium of 80.74% from the IPO price of Rs 1,101 per share. On the BSE, the gaming firm opened at Rs 1,971, a markup of 79.02%.

The Rs 583-crore initial public offer of the company was oversubscribed 175.5 times on the last day of the offer. The offer received bids for 51,25,17,642 shares against 29,20,997 shares on offer, according to NSE data. 24,95,68,044 shares against the issue size of 9,57,09,301 shares, as per data available with the NSE. The qualified institutional buyers (QIBs) category was subscribed 103.77 times. The retail individual investors category was subscribed 75.29 times. The non-institutional investors category was subscribed 389.89 times.

The gaming company initial public offer consisted of 52,94,392 equity shares is entirely an offer for sale (OFS) by existing shareholders and didn’t have any fresh issue of equity shares.

Nazara Technologies is a leading India based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, with offerings across the interactive gaming, eSports and gamified early learning ecosystems. The company has undertaken investments and acquisitions in various gaming categories, including e-sports, edutainment, infotainment, fantasy sports, multiplayer games like carrom and mobile cricket games, among others to strengthen its position in the gaming and sports media space. Nazara owns IPs, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, NODWIN and Sportskeeda in esports and esports media, and Halaplay and Qunami in skill-based, fantasy and trivia games.