Nazara Technologies Listing: Gaming and sports media platform Nazara Technology has made investors rich. Today the company has got a great listing in the stock market. Nazara Technologies has been listed with 79% premium on BSE and NSE. That is, the investors who were allot IPOs have got tremendous listing gains today.
Nazara Tech’s investors become rich
The IPO price band of Nazara Technologies was fixed at Rs 1100-1101 per share, while it was listed at Rs 1971 on the BSE and Rs 1990 on the NSE. Let me tell you that the legendary investor Rakesh Jhunjhunwala has also invested in this company. This was the reason that there was excitement among the investors about this company. The issue was subscribe 176 times. The lot size of this issue was 13 shares, that means an investment of at least Rs 14313 was required in the IPO.
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Know about Nazara Technologies Listing
The founder of the company is Nitish Mitrasen, who is a well-known gamer. He founded the company in 2000 known for games like Theinjara Technology World Cricket Championships (WCC), CarromClash, Chhota Bheem, Motu 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.
Rakesh Jhunjhunwala has also invested money
Rakesh Jhunjhunwala, a veteran investor in the company, has also invested money. He holds 11.51 per cent stake in the company till the September 2020 quarter. Apart from India, the company has reach in Africa and North America. Under the IPO of Najara, 52,94,392 shares will sold by the promoters and existing shareholders.
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