Nazara Technologies listing today: Check what Anil Singhvi said about 'Jhunjhunwala-linked' gaming company

Nazara Technologies listing today: Nazara Technologies IPO, the Rakesh Jhunjhunwala-linked gaming company, is all set to be listed on the stock exchanges in India today, March 30. Jhunjhunwala has above 10 per cent stake in this gaming company and market experts have given good review as far as listing of Nazara Technologies is concerned. Zee Business Managing Editor Anil Singhvi had said one should keep money for this IPO and strongly recommended it. Talking to management of the company, he had also said that one should apply for this IPO for big listing gains.  

See Zee Business Live TV Streaming Below:

"Nazara Technologies IPO's one lot comprises 13 shares and price band for this IPO is Rs 1100 to RS 1101. Those planning to subscribe to this issue will have to spend minimum amount of Rs 14,313 for this IPO. The company, which started its business in 1999, makes gaming products and has global presence in this segment," said Zee Business Managing Editor, while briefing about details of this IPO. 

Meanwhile, the ₹583-crore IPO received bids for 51,25,17,642 shares against 29,20,997 shares on offer, Datas on exchanges revealed.  

Qualified institutional buyers (QIBs) portion was subscribed 103.77 times, that of non-institutional investors 389.89 times and retail individual investors (RIIs) 75.29 times. Nazara Technologies also generated a little over ₹261 crore from anchor investors. 

Nazara Technologies is a leading India-based diversified gaming and sports media platform with a presence in India and globally. It has offerings across interactive gaming, eSports and gamified early learning ecosystems. The company owns some of the most recognizable IP, including WCC & CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin & Sportskeeda in eSports and eSports media, and Halaplay Technologies Halaplay and Qunami in skill-based, fantasy & trivia games. Nazara was among the first entrants in India, in eSports through Nodwin and cricket simulation through Nextwave.