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.
For all IPO stories, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.