Nazara Technologies IPO Allotment Status Check Online: BSE direct link is here

Nazara Technologies IPO Allotment Status Check Online BSE: Driven by high demand from institutional investors, Nazara Technologies initial public offer (IPO) was subscribed a whopping 175.46 times. Nazara Technologies IPO Allotment Status is likely to be finalised on 24th March. 

Here is how you can check Nazara Technologies IPO Allotment Status Check Online on BSE WEBSITE bseindia.com:-

Step 1 - Go to link - https://www.bseindia.com/investors/appli_check.aspx

Step 2 - Select Equity

Step 3 - Select Issue Name (Nazara Technologies IPO)

Step 4-  Enter Application Number as well as PAN

Step 5 - Click on search button to know the Nazara Technologies IPO Allotment Status of Share Subscription

Nazara Technologies IPO

- The Rs 583-crore initial public offer received bids for 51,25,17,642 shares against 29,20,997 shares on offer, according to NSE data.

- The portion reserved for qualified institutional buyers (QIBs) was subscribed 103.77 times, non institutional investors 389.89 times and retail individual investors (RIIs) 75.29 times.

- The initial public offer of 5,294,392 equity shares was in a price range of Rs 1,100-1,101 per share.
Nazara Technologies on Tuesday mopped up a little over Rs 261 crore from anchor investors.

- The company, backed by ace investor Rakesh Jhunjhunwala, is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series.

- Explaining the rational behind the IPO, the company said listing of equity shares will enhance its brand name and provide liquidity to the existing shareholders.

- The listing will also provide a public market for equity shares in India. 

- The equity shares are proposed to be listed on BSE and NSE.

- ICICI Securities, IIFL Securities, Jefferies India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited were the managers to the offer.