Nazara Technologies IPO listing: Investors expectations soaring over this Rakesh Jhunjhunwala backed company

Nazara Technologies IPO listing: Rakesh Jhunjhunwala backed Nazara Technologies shares stock market debut is today. Even though markets have been weak, this IPO was one of the most awaited IPO. The business model of the business is unique and is expected to be from a strong theme among global investors. Huge flows could kick in this sector going forward. Retail Investors are excited as they expect strong listings in this company. Many analysts and fund houses believe there could be strong buying in the counter post listing. Management of the company is extremely focussed with good expertise and is confident about the future prospects of the company. Many analysts have recommended that this stock could do wonders in Investors Portfolio and they should take the opportunity to invest in this theme going forward.

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Retail Investors were lapping on the opportunity to invest in Rakesh Jhunjhunwala backed company. The Big Bull holds 11% stake in the company and he is bullish on the future of the company.

Nazara Technologies is a leading, India based, diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America.

Nazara is well diversified with some of the most recognizable IPs under its kitty, viz., Kiddopia in gamified early learning (39% of revenue), Nodwin & Sportskeeda in eSports (32%), WCC & CarromClash in simulation games (5%), and Halaplay Technologies in real money games (3%), while Telco Subscription forms 21% of revenue. It enjoys leadership in eSports with 80% market share and cricket simulation games where WCC is India’s most awarded mobile game. It’s capabilities of in-house content creation, game engine development, technology stack development and relationships with other participants in gaming, would help in further penetration and increase monetization.