View IPO technologies opened today, fully subscribed on first day

Najara Technology has kept stock reserves of Rs 2 crore for its employees.

Najara Technology has kept stock reserves of Rs 2 crore for its employees.

Najara is set to raise Rs 581 crore from the tech issue. Of this, the company has already raised Rs 261.31 crore from anchor investors.

New Delhi. The initial public offer (IPO) of the online gaming company Nazara Technologies, backed by veteran investor Rakesh Jhunjhunwala, has opened today (March 17, 2021). This IPO is getting good support from investors. On the first day, the issue of the company has been subscribed 2.33 times. It can be subscribed till 19 March.

Bid for 68.10 lakh shares till day one
The IPO size of the company is 29.20 lakh equity shares while till the first day, bids were made for 68.10 lakh shares. Retail investors subscribed 8.69 times while non-institutional investors’ share was booked 2.07 times. 85 per cent has been bid in the reserve portion for the employees of the company. The company has kept stock reserves of Rs 2 crore for its employees.

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Najara is set to raise Rs 581 crore from the tech issue. Of this, the company has already raised Rs 261.31 crore from anchor investors. The company has raised this fund from Goldman Sachs India, Government of Singapore, Aberdeen Standard Asia Focus, Fidelity Funds, Abu Dhabi Investment Authority, Nomura, Hornbill Orchid India Fund and Steadview Capital Mauritius.

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Learn about Nazara Tech Company?
Nazara Technology is known for games like World Cricket Championships, Chhota Bheem, Mota Patlu series. Its subsidiary company Nodwin Gaming organizes various gaming events across the country. The company does business in more than 60 countries like India, Africa, Middle East, South East. Najara was founded in the year 2000 by Nitish Mittersain, who is a well-known gamer. In the last few years, the company has built a large network of its own. The company has skill-based fantasy and Trivia games like CarromClash, Mobile Gaming, Kiddopia, Halaplay Technologies and Qunami. To increase penetration in the gaming and sports media space, the company has made several acquisitions in various gaming categories. These include games like Esports, edutainment, infotainment, fantasy sports.



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