Let us tell you that Rakesh Jhunjhunwala has a 10.8 per cent stake in this IPO. At present, he has no plan to sell this stake. However, IIFL is selling 14 per cent of its stake in View Tech. It had a total stake of 21 per cent.
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>> It is expected that the company’s growth could be 30 to 40 per cent between 2020 and 2023. >> Promoters and shareholders are selling 52.9 lakh equity shares in this IPO.
>> The price band of Rs 1100-1101 has been fixed for this issue.
>> In the gray market, shares have reached a premium of Rs 840-850.
What will be the lot size?
The company has kept a lot size of 13 equity shares for the IPO, that is, it will bid for at least 13 equity shares. Investors will have to invest at least Rs 14,313 based on the upper price band. A maximum of 13 lots can be bid, that is, a maximum of Rs 186,069 can be invested in it.
What should investors do?
According to the news of the Economic Times, the listing of the gaming company is happening for the first time in the market. Talking about the valuation of the company, this value is 12.7 times based on EV / Sales of the fiscal year 2020. Apart from this, it is the largest company of mobile gaming. According to BP Equities, investors can earn good profits in its listing.
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What kind of game does the company deal with?
Let us tell you that the company is skill based fantasy and trivia games like CarromClash, Mobile Gaming, Kiddopia, Halaplay Technologies and Qunami. Apart from this, the company has also acquired many games like Esports, edutainment, infotainment, fantasy sports.