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. 

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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.