Rakesh Jhunjhunwala-backed Nazara Technologies debuts at Rs 1,990 per share at a premium of 80.74% – Business News , Firstpost

The cell firm listed its shares at Rs 1,990 on National Stock Exchange over the difficulty worth of Rs 1,101.

Shares of Nazara Technologies opened at an 80.74 % premium on Tuesday, 30 March. The cell firm backed by Rakesh Jhunjhunwala listed its shares at Rs 1,990 on National Stock Exchange over the difficulty worth of Rs 1,101.

On BSE, it listed at Rs 1,971 a 79.02 % markup.

As per Moneycontrol, the IPO was subscribed 175.46 occasions, which is the third largest for an IPO, having a problem dimension of over Rs 200 crore.

Through a proposal on the market, Nazara Technologies raised Rs 583 crore between 17 to 19 March from the general public subject.

At 10:02 am, the inventory was buying and selling at Rs 1,913.30 on NSE and Rs 1,917.75 on BSE. On NSE, its quantity was 18.09 lakh fairness shares with a rise of 73.8 per cent. The inventory was buying and selling with 74.18 % improve at the BSE with a quantity of 1.53 lakh fairness shares.

HNIs positioned bids for 390 occasions their quota restrict. Qualified institutional bidders subscribed the difficulty 104 occasions whereas retail buyers subscribed to it 75 occasions.

According to The Economic Times, Rakesh Jhunjhunwala holds 10.82 % stake within the firm which is value Rs 656 crore. In 2008, Rakesh had invested Rs 180 crore in Nazara Technologies.

The analysts had anticipated a 50-67 % itemizing premium, reported Moneycontrol.

The firm is a main sports activities and gaming media platform which provides interactive gaming. In FY20, the eSports content material enterprise for Nazara elevated by 60 %.

Source hyperlink

What do you think?

Written by Business Boy


Leave a Reply

Your email address will not be published. Required fields are marked *



Lexus unveils the LF-Z Electrified, a new concept EV symbolizing future lineup

Market roundup: Benchmark indices gain over 2%; today’s top gainers, losers at Nifty, Sensex – Business News , Firstpost