Nazara Technologies IPO: There has been a lot of craze among investors regarding the IPO of Gaming and sports media platform Najara Technology. Rakesh Jhunjhunwala, a veteran investor has invested in the company. Investors subscribed to this issue up to 176 times. For the IPO, the company had fixed the price band at Rs 1100-1101. This is the second most subscribed issue of this year in the issue of more than 200 crores. In such a situation, those investing in the IPO will be waiting for the share allotment, which is going to happen on March 24. If you have invested in an IPO, you can find out whether you got a share or not, from the website of BSE and the registrar.
Great response from investors
There has been a strong response from investors regarding the IPO of Najara Technology. This IPO has been subscribed 176 times. Reserve Porson received 75 times bids for retail investors, while Reserve Porsons subscribed 104 times for qualified institutional investors. Reserve Porson received 390 times bids for non-institutional investors.
Gray Market Premium
In the gray market, the premium of the shares of View Technology has decreased slightly. Shares in the gray market have come at a premium of Rs 690-700, which were trading a few days ago at a premium of Rs 840-850. Currently, the share in the gray market is at a 64 per cent premium. However, compared to the issue going to be the other Lisat, the premium of the view technology is the highest.
Did you get the share or not?
Option 1: From the BSE website
For this, first you have to go to the BSE website.
After that the equity box has to be checked.
Then you have to enter the name of the issue in the dropdown.
After that you have to type your application number in the box.
After that you will have to provide information about your PAN number.
Finally, you have to click on the search button, after which the complete information will be revealed.
Option 2: On the registrar’s website
Link Intime India is the registrar for this issue. For this IPO, one has to go to the registrar’s website.
The website is https://www.linkintime.co.in/IPO/public-issues.html.
Type the company name in the dropdown.
After this, enter PAN number, application number or depository / client ID in the box
Then enter the captcha and click on the search button.
(Note – If the share is allotted, then the status will be visible.)
About the company
The founder of Najara Technology is Nitish Mitrasen, who founded the company in 2000. Najara Technology is known for games like World Cricket Championships, Chhota Bheem, Mota Patlu series. Its subsidiary company Nodewing Gaming organizes various gaming events across the country. The company has business in more than 60 countries like India, Africa, Middle East, South East.
To increase penetration in the gaming and sports media space, the company has made several acquisitions across multiple gaming categories. The company’s platform hosts multiple content categories, including subscription business, freemium business and esports business. In smartphone gaming, Nazara Technology has built a strong network of millions of customers in the last few years.
Financial
The company’s financial health is fine. The company has raised 12.63 crores in 2005 and 2007 and 76.53 crores in 2018. The company’s EBITDA during the 6-month period ended in September 2020 through operations was 12.65 crore. EBITDA margin reached 6.11 percent, which was 3.48 percent by March 2020. Conso revenue growth has been 45.9 percent in FY20. However, during this time the company incurred a loss of about 27 crores. Whereas in FY 2019, the company was profitable.