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Nazara Technologies IPO - Listing Date, GMP & Subscription

Nazara Technologies Ltd IPO listing date: Mar 30, 2021 on NSE, BSE. Listed at ₹1990 (+81.0%) vs issue price of ₹1101. Subscribed 175.46x overall (QIB: 179.52x). Price band: ₹1,100-₹1,101, lot size 13 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Mar 29, 2021

Key Dates

IPO Open DateMar 17, 2021

IPO Close DateMar 19, 2021

Allotment DateMar 24, 2021

Refund DateMar 26, 2021

Demat Credit DateMar 26, 2021

Listing DateMar 30, 2021

Issue Details

Price Band₹1,100-₹1,101

Issue Price₹1101

Face Value₹4

Lot Size13 shares

Min Investment₹14,313

Issue Size₹583 crore

Listing ExchangeNSE, BSE

RegistrarLink Intime India

IPO TypeMainboard

stoicHQ Analysis

✓81% listing gain

✓175x subscription

✓Only listed Indian gaming company at listing

⚠Gaming sector has high user acquisition costs

⚠Revenue lumpy from game launches

About Nazara Technologies Ltd

Nazara Technologies is India's leading gaming and sports media company, with World Cricket Championship, Kiddopia, and esports platform Nodwin Gaming.

Subscription Breakdown

Overall Subscription175.46x

QIB (Institutional)179.52x

NII (HNI)362.91x

Retail76.08x

Listing Price

₹1990

Listing Gain

+81.0%

Issue Price

₹1101

stoicHQ Analysis

Exceptional 81% listing gain driven by gaming sector excitement and 175x subscription. The WCC mobile cricket game and esports narrative resonated strongly in the 2021 tech IPO boom. Nazara was the only listed Indian gaming company at the time of listing.

Technology / Gaming2021All 2021 IPOs

IPO Listing Timeline

Previous IPO← IRFC IPO (listed Jan 29, 2021)Next IPOZomato IPO (listed Jul 23, 2021) →

More IPOs from 2021

Zomato IPO+52.6%Nykaa IPO+78.0%Paytm IPO-27.3%

Nazara Technologies IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Mar 29, 2021+₹889-+80.7%

Mar 24, 2021+₹850-+77.2%

Mar 19, 2021+₹720₹6000+65.4%

Mar 17, 2021+₹520₹4500+47.2%

Mar 14, 2021+₹320₹3000+29.1%

Mar 11, 2021+₹180₹1800+16.4%

Nazara Technologies IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Mar 17)32.10x24.18x42.56x28.42x

Day 2 (Mar 18)88.32x80.22x122.84x54.12x

Day 3 (Mar 19)175.46x179.52x362.91x76.08x

Anchor Investors

Steadview Capital₹45 crore

SBI Mutual Fund₹38 crore

HDFC Mutual Fund₹30 crore

Nazara Technologies Ltd - Financials at IPO

YearRevenuePATNet Margin

FY19₹191 crore₹42 crore22.0%

FY20₹253 crore₹62 crore24.5%

FY21₹321 crore₹80 crore24.9%

Listed Peers - Technology / Gaming

ZomatoNew-Age Tech

+52.6% listing

MamaearthD2C Consumer

Frequently Asked Questions

When did Nazara Technologies IPO list?

Nazara Technologies IPO listed on March 30, 2021 on NSE and BSE at ₹1,990, an 81% gain over the issue price of ₹1,101.

What was Nazara Technologies IPO GMP?

The grey market premium (GMP) for Nazara Technologies IPO peaked at ₹889, forecasting the 81% listing gain. GMP surged from ₹180 at opening to ₹889 by listing date.

What was Nazara Technologies IPO subscription?

Nazara Technologies IPO was subscribed 175.46x overall. QIB was 179.52x, NII (HNI) was 362.91x, and retail was 76.08x - exceptional across all categories.

What does Nazara Technologies do?

Nazara Technologies is India's leading gaming and sports media company. Key products include World Cricket Championship (WCC) mobile cricket game, Kiddopia (subscription learning for kids), and Nodwin Gaming (esports platform).

What is the Nazara Technologies IPO allotment date?

The allotment date for Nazara Technologies IPO was March 24, 2021. Listing was on March 30, 2021.