Nazara Technologies’s IPO of 5,294,392 equity shares was in a price range of ₹1,100-1,101 per share.
Shares of Nazara Technologies, the Rakesh Jhunjhunwala-backed mobile gaming company, is likely to be listed on the stock exchanges on Tuesday, March 30. Nazara Technologies’ initial public offer (IPO), boosted by high demand from institutional investors, was subscribed a whopping 175.46 times on the last day of subscription on March 19. According to subscription data on the exchanges, the ₹583-crore IPO received bids for 51,25,17,642 shares against 29,20,997 shares on offer.
The portion reserved for qualified institutional buyers (QIBs) was subscribed 103.77 times, that of non-institutional investors 389.89 times and retail individual investors (RIIs) 75.29 times. Nazara Technologies’s IPO of 5,294,392 equity shares was in a price range of ₹1,100-1,101 per share. Nazara Technologies also mopped up a little over ₹261 crore from anchor investors.
News Source : Hindustan Times
