Nazara Applied sciences shares are prone to be listed on the inventory exchanges on March 30. The general public provide of the Rakesh Jhunjhunwala-backed cell gaming firm was subscribed 175.46 instances, in response to subscription information on the exchanges. The portion put aside for retail buyers was subscribed 75.29 instances, non-institutional buyers’ portion was subscribed 389.89 instances and certified institutional consumers section attracted 103.77 subscription.
The Rs 582.91 crore IPO was open for subscription between March 17 and March 19 and the shares have been bought within the value band of Rs 1,100-Rs 1,101 per share.
Nazara Applied sciences was integrated within the 12 months 1999. It’s India’s main cell gaming firm immediately and the nation’s first gaming firm to be listed on the inventory exchanges.
Nazara Applied sciences operates in numerous segments, together with subscription-based enterprise, eSports, gamified early studying and cash gaming. It has a presence throughout India, and in international markets equivalent to Africa and North America. Nazara Applied sciences is backed by ace investor Rakesh Jhunjhunwala.