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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

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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