Nazara Applied sciences IPO subscribed 3.35 occasions on opening day; retail class oversubscribed 13.79 occasions

Nazara Applied sciences IPO subscribed 3.35 occasions on opening day; retail class oversubscribed 13.79 occasions

The value band of the corporate’s IPO is Rs 1,100-Rs 1,101 per share with loads dimension of 13 and its multiples.

The preliminary public supply (IPO) of Nazara Applied sciences was subscribed 3.35 occasions on the opening day of the subscription with the retail investor’s class being subscribed almost 14 occasions on Wednesday.

The Rs 583 crore price Nazara Applied sciences IPO opened at this time (17 March) and can shut on Friday (19 March).

In accordance with a report by Instances Now, the certified institutional patrons subscribed 0.36 occasions to their reserved portion. The bidding by retail traders was 13.79 greater than the reserved portion whereas that of non-institutional traders has been subscribed 2.43 occasions.

The Nazara Applied sciences IPO had acquired general bids for 90,69,580 lakh fairness shares, whereas the staff’ portion of the difficulty was booked 0.14 occasions until 3.25 pm.

The supply on the market (OFS) is for 52,94,392 fairness shares, together with an anchor portion of 23,73,395 fairness Shares.

Established in 1999, the cell gaming firm, identified for its video games like Chhota Bheem, Motu Patlu and World Cricket Championship, is predicated in India. The value band of the corporate’s IPO is Rs 1,100-Rs 1,101 per share with loads dimension of 13 and its multiples.

The funds generated from the difficulty are going to supply liquidity to its current shareholders whereas additionally selling the model identify.

Registrar of the Nazara Applied sciences IPO is Hyperlink Intime India Non-public Ltd. Nazara Applied sciences’ fairness shares are more likely to be listed on Bombay Inventory Trade and the Nationwide Inventory Trade by 30 March.

Jefferies India Non-public Restricted, IIFL Securities, Nomura Monetary Advisory and Securities (India) Non-public Restricted and ICICI Securities are the lead managers of this difficulty.

Earlier than the IPO was launched, the corporate gained Rs 261.31 crore from its anchor traders after allotting 23,73,395 shares on the value of Rs 1,101 per share.

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