Nazara Technologies receives overwhelming response from investors, its IPO subscribed 175 Times on final day of issue
By MYBRANDBOOK
The share sale of Nazara Technologies via initial public offering (IPO) on its final day of the issue was subscribed 175.46 times. The company's IPO was subscribed 10.55 times on the second day of the issue yesterday. The gaming company has received a good response from its investors.
The company issued 29.20 lakh equity shares and it received bids for 51.20 crore equity shares.
The reserved portion of the issue for retail investors received bids 75 times while the portion reserved for qualified institutional buyers was subscribed 104 times. The high net-worth individual category of Nazara Technologies was subscribed 390 times.
The shares of the company were sold at a price range of Rs 1,100-1,101 per share through its IPO. The public issue for Nazara Technologies was open from March 17, 2021, and closed on March 19, 2021.
Investors subscribed for a minimum of 13 equity shares. The bidding size for the Nazara Technologies issue is Rs 14,313 at the higher price band.
Nazara’s shares would be listed by March 30, 2021.
Book running lead managers to the issue are Nomura Financial Advisory, Jefferies India, ICICI Securities, and IIFL Securities. The registrar to the Nazara Technologies IPO is Link Intime India.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
FIREBOLTT
TVS ELECTRONICS LTD.
LENOVO GROUP LTD.
MICROTEK INTERNATIONAL PVT. LTD.
Technology Icons Of India 2023: Ashwini Vaishnaw
Ashwini Vaishnaw is an Indian politician and former IAS officer and is...
Technology Icons Of India 2023: Aalok Kumar
Aalok continues to lead the India business and further strengthen Indi...
Technology Icons Of India 2023: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla’s return to Vodafon...
NPCI leading India towards Digital payments
The National Payments Corporation of India (NPCI) is an initiative tak...
HPCL is transforming the energy landscape, across the nation and beyond
HPCL is world-class energy company known for caring and delighting the...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...