Nazara Technologies IPO Opens on Mar 17; Price Band Fixed At INR 1,100-1,101 Per Share The company has stated that the bids can be made for a minimum of 13 equity shares and in multiples of 13 equity shares thereafter.

By Debarghya Sil

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Nazara Technologies
Nitish Mittersain

Mumbai-based mobile gaming company Nazara Technologies on Friday announced its initial public offering (IPO). The issue will open on March 17 and close on March 19.

Equity shares of face value of INR 4 will be on offer at the price brand of INR 1,100 to INR 1,101 per equity share.

The company has stated that the bids can be made for a minimum of 13 equity shares and in multiples of 13 equity shares thereafter.

The offer comprises initial public offering of up to 5,294,392 equity shares of face value of INR 4 each ("Equity Shares") of Nazara Technologies Limited ("Company" or "Issuer"), through an offer for sale of by the selling shareholders, comprising of up to 1,267,435 equity shares by IIFL Special Opportunities Fund, up to 1,036,286 equity shares by IIFL Special Opportunities Fund - Series 4, up to 873,989 equity shares by IIFL Special Opportunities Fund - Series 5, up to 691,900 equity shares by Mitter Infotech LLP (the "Promoter Selling Shareholder").

Others such as Good Game Investment Trust will Sell 1,50,000 equity shares; Porush Jain 23,725, Seedfund 2 International 25,000, and Azimuth Investments to sell 14,950. The offer also allows Nazara's employees to purchase shares worth INR 20 million. The Company, the promoter selling shareholder and the investor selling shareholders in consultation with the BRLMs, may offer a discount of up to 10.00 per cent to the offer price (INR 110 per share) to eligible employees bidding in the Employee Reservation Portion ("Employee Discount").

Nazara Technologies was started by Nitish Mittersain in 2000 and now is considered one of the leading India based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, with offerings across the interactive gaming, esports and gamified early learning ecosystems.

Recently, South Korean gaming platform Krafton, manufacturer of the popular game PUBG, has invested in Nodwin, a subsidiary of Nazara Technologies.

Debarghya Sil

Entrepreneur Staff

Former Correspondent

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Marketing

The One Mistake Is Putting Your Brand Reputation at Risk — and Most Startups Still Make It

Many businesses pour resources into branding and marketing but overlook PR — yet it's PR that builds the trust, credibility, and reputation that turn attention into lasting revenue in a crowded market.

Business News

What's Open on Easter Sunday? Costco and Target Will Close, But One Major Retailer Will Be Open. Here's What To Know.

The stock market was closed for Good Friday on April 18. Here's what's closed for Easter Sunday, April 20.

Side Hustle

This Couple Started a Side Hustle to Improve a 'Terribly Made' Bathroom Essential. Now the Business Earns More Than $3 Million a Year.

Michael Fine and Lisa Schulner-Fine launched lifestyle brand Quiet Town in 2016 and have been growing it ever since.

News and Trends

Kolkata-Based Lab-Grown Diamond Brand Jewelbox Secures USD 3.2 Mn

The startup will primarily use the funds to expand its retail footprint, growing from eight stores to 30 locations by the end of this year.

Leadership

Here's What It Takes to Evolve From Hands-On Founder to Strategic CEO

Making the leap from founder to CEO requires more than just growth — it demands a shift in mindset.