Geojit IPO report on Nazara Technologies
Nazara Technologies Ltd (NTL), incorporated on December 8th, 1999, is a leading gaming & sports media platform with presence in India and global markets such as Africa and North America. The company offers a range of diversified gaming products across interactive gaming, eSports and gamified early learning (learning through games for children aged between 2-6 years). NTL is one among the leading live eSports streaming and on-demand eSports media content companies with a market share of over 80% in India. World Cricket Championship (WCC) in mobile games, Kiddopia in gamified early learning, Nodwin in eSports and Halaplay in skill-based, fantasy & trivia games are some of its offerings.
Valuation and Outlook
The company will also enjoy limited competition from domestic players and strong backing from a fast-growing Indian gaming market, we assign a “Subscribe” rating for the issue on a short to medium-term basis.
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