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    Nazara Technologies IPO: The game is just starting

    Nazara’s story is just getting started with a majority of its business lines poised to benefit from structural uptrends in Asia and Africa

    Sachin Pal
    Nitin Agrawal
    March 17, 2021 / 08:00 PM IST
    Nazara Technologies IPO: The game is just starting

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    The IPO frenzy continues on the Dalal Street, and the IPO of gaming company Nazara Technologies opens for subscription today. The issue size is pegged at Rs 583 crore, based on the upper price band of Rs 1,100-1,101 per equity share. This translates into an implied Market Cap of Rs 3,353 crore. The issue is primarily an offer for sale (OFS), with no fresh capital flowing into the company. (image) About the company Nazara Technologies is an India-based gaming and sports...

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