Rakesh Jhunjhunwala-backed mobile gaming company Nazara Technologies is expected to finalise the share allocation in IPO on March 24. The Rs 583-crore public issue that closed on March 19 was subscribed 175.46 times.
The complete offer for sale issue received a healthy response. Qualified institutional buyers have put in bids 103.77 times the reserved portion, non-institutional investors 389.89 times, retail 75.29 times and employees 7.55 times.
Nazara Technologies is a leading diversified gaming and sports media platform, with a presence in India, Africa and North America. It has offerings across the interactive gaming, eSports and gamified early learning ecosystems, including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy and trivia games.
Marquee investors including Aberdeen Standard Asia Focus, Nomura, Goldman Sachs, Mentor Capital, Government of Singapore, Abu Dhabi Investment Authority, Fidelity Funds, Steadview Capital Mauritius and Eastspring Investments invested in the company through anchor book.