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Saturday, November 27, 2021

View technology: India’s first gaming tech company to launch IPO, Rakesh Jhunjhunwala has invested

Nazara Technologies To Bring IPO: Nazara Technologies is also planning to be listed in the stock market soon.

Nazara Technologies To Bring IPO: Najara Technology is also planning to be listed in the stock market soon. This company will be the first gaming technology company in India to be listed on the stock market. According to Bloomberg’s report, Najara Technology has submitted related documents with SEBI for the IPO. Let us know that the view is one of the largest gaming and sports media companies in India. India’s well-known investor and billionaire Rakesh Jhunjhunwala has also invested in this company.

How many equity shares will be issued

Apart from Rakesh Jhunjhunwala, other investors such as Plutus Wealth Management, IIFL Special Opportunity Fund, Turtle Entertainment have also invested in Najara. Explain that the consolidated revenue of Nazara Technologies was Rs 183 crore in the fiscal year 2019, while in the year 2018, the company earned Rs 180 crore. According to the draft paper, 5,543,052 crore equity shares will be issued under the public issue of Nazara Technology. ICICI Securities and Edelweiss Financial Services will manage the IPO of the company.

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Business in more than 60 countries

Najara Technology’s founder is Nitish Mitrasen, who founded the company in 2000. View 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.

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