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.
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