Rakesh Jhunjhunwala-backed Nazara Technologies listed itself on the inventory market on Monday in a grand type. The widespread cell gaming and e-sports firm listed at a premium itemizing almost 81 per cent (Rs 1,990) on its situation price of Rs 1,101 on the National Stock Exchange (NSE).
Similarly, it listed at Rs 1,971, or a 79.2 per cent premium on the Bombay Stock Exchange.
Nazara owns IPs, together with WCC and CarromClash in cell video games, Kiddopia in gamified early studying, NODWIN and Sportskeeda in esports and esports media, and Halaplay and Qunami in skill-based, fantasy and trivia video games.
Nazara Technologies had raised a whopping Rs 260 crore from anchor investor forward of IPO launch. The firm’s IPO committee had determined to allocate 23,73,395 shares to 43 anchor traders at Rs 1,101 per piece.
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Among the anchor traders are Government of Singapore, Abu Dhabi Investment Authority, Goldman Sachs India Ltd, Noumura Funds Ireland Public Limited Company, Steadview Capital Mauritius Ltd. In addition, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Axis MF, Sundaram MF, Kotal MF and Aditya Birla Sunlife MF too participated within the anchor ebook bidding.
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