16+ CR GTD
Header banner - Nostra Poker
Pokersaint - Lead
Nazara Technologies IPO Second Most Subscribed Issue In 2021: Report Business

Nazara Technologies IPO Second Most Subscribed Issue In 2021: Report

by Manthra Koliyer Posted on 20 Mar, 2021

Indian gaming giant Nazara Technologies went public with its INR 583 Crore initial public offering (IPO). This IPO reportedly became the second most subscribed issue in 2021. The offering by Nazara beat the one by Easy Trip Planners. Nazara’s IPO was subscribed 175 times by 5 pm on 19 March.

Nazara Technologies is the country’s first gaming company to be listed on the stock exchange with the share price at INR 1,100 – INR 1,101 per share. The IPO was subscribed 10.55 times on the second day of the issue. This gaming company is backed by ace stock market pro Rakesh Jhunjhunwala, who did not take the sale route with respect to his stake in Nazara.

ALSO READ: Why Are Investors Eyeing The Indian Gaming Sector?

Subscription Details:

Institutional investors: 103.77 times.

Non-institutional Investors: 389.89 times.

Retail investors: 75.29 times.

Employee: 7.55 times.

The issue received bids for 92.88 crores shares in comparison to the 52.94 lakh shares for the reported price of INR 1,100-1,101 per share. Nazara Technologies is a gaming platform that offers interactive games including esports. The brand provides gaming ecosystems such as Carrom Clash, World Cricket Championship (WCC) among others in mobile games. Nazara also has Nodwin Gaming and Sportskeeda in its kitty.

According to statistics, India is estimated to touch USD 1.2 million in gaming market size with 365 million gamers in the country. Gaming rules 80% of the market and by 2023 gaming is expected to dominate 90% of the industry.

For more news and updates, keep reading GutshotMagazine.com. Follow us on FacebookInstagram, and Telegram.

OFFERS GALORE: Pokio Shark's 20% deposit code and Gutshot's exclusive contest

Tagged : 

More News

Nazara Technologies IPO Subscribed 30.88 Times On Final Day
19 Mar,2021 

Nazara Technologies IPO Subscribed 30.88 Times ...

Nazara Technologies goes public today with INR 583 Crore IPO
17 Mar,2021 

Nazara Technologies Goes Public Today With INR ...

Celebrate 10 Years Of Gutshot And More With Our March 2021 E-magazine Edition
18 Mar,2021 

Celebrate 10 Years Of Gutshot And More With Our...


Leave a Reply

Your email address will not be published. Required fields are marked *

Dangal box

Top 10 Poker Rooms

  • Natural8

    Sign-up code "GUTSHOT"
    Offer: 200% bonus up to $1,000 or $100 in instant rewards Register

  • 9stacks

    Instant withdrawal; 100% locked bonus on first deposit
    Offer: "9GUTSHOT" Register

  • PokerSaint

    60-seconds withdrawal; 100% locked bonus on first deposit
    Offer: "GUT100" Register

  • Poker Dangal
    Poker Dangal

    INR 500 Free on sign-up; (425 Locked, 75 Instant)
    Offer: 150% on first deposit up to INR 5,000 Register

  • Spartan Poker
    Spartan Poker

    Sign-up with "GUTSHOT"
    Offer: "GUT300X" to get 300% on your deposit Register

  • Nostra Pro
    Nostra Pro

    Use Code "KING500"
    Offer: 100% Instant Poker Cash Back Register


    Sign-up with "GSBLZ"
    Offer: Make your 1st Deposit of INR 200 & GET 1000 in return! Register

  • Poker Tempo
    Poker Tempo

    Rs. 50 Instant Bonus, Rs. 50 Locked Bonus, No code required!
    Offer: 1 Ticket to 5000 GTD FREEROLL every Monday @ 7PM Register

  • Calling Station
    Calling Station

    Instant withdrawal; Use “RELOAD20” on deposits for 20% locked bonus
    Offer: "GUTSHT" Register

  • PokerStellar

    INR 500 Free (225 Instant + 275 Ticket) on KYC Verification
    Offer: 150% Upto 5,000 + 20% Instant Bonus Register

Pokersaint box banner

Want to share your thoughts about poker?

Then click the button to submit your article.

Facebook + Follow

Instagram + Follow

Natural8 GGSF LiveX Flipout Banner

Natural8 GGSF LiveX Flipout Banner