Nazara Technologies IPO Listing Estimate @ Chanakyanipothi.com , … So D Day is  30th March 2021… the day on which this IPO is getting  listed.

The IPO which closed 19 March 2021 has received strong response from all categories of the Investors.
Have a look at the  final subscription figures

( D 3) On 19.03.2021 @ 5.00 pm
QIB 1582264 Sh : 103.77 T
NII    791131 Sh : 389.89 T
RII     527421 Sh : 75.29 T
Tot  2920997 Sh : 175.46 T
These clearly indicate  strong reponse from NII as well as RII investors.Yes , initially the experts expected NII oversubscription to the tune of  600 to 660 times and same level is not achieved. and yet Huge oversubscription in NII category gives high  interest costs and at the same time reduced chances of allotment .

Small note about the company
The digital gaming market worldwide has seen a paradigm shift in distribution, adoption as well as user behaviour.The global games market generated revenue of $104.8 billion in 2016, up by 12.6% from 2015. Revenues will continue to increase to $151.7 billion in 2021. Growth is expected to be driven from South-East Asia, Middle East and India.The Indian gaming market is still relatively small, and contributed an estimated US$338.4 million in total revenue in 2017. Nazara is one of the leading mobile games companies headquartered in Mumbai, which is engaged in acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America. Its  operations comprise of its Subscription Business, Freemium Business and esports business.

Nazara Technologies IPO  allotment Price is Rs. 1101

Nazara Technologies IPO Latest GMP  #
On 29 March 2021 
Grey Market Premium Rs.560/570
Allotted Application Rates :Rs. 7500
Grey Market Premium at initial stage Rs. 530
Highest Grey Market Premium seen Rs. 910
Grey Market Premium at closure of IPO : Rs. 715

NII investors’ Cost:
The allotment has been tough .Interest cost to the NII investors is Rs. 567 per share

Nazara Technologies Financial Details :
Earnings per Share 2017-18 Rs 1.05
Earnings per Share 2018-19 Rs 6.39
Earnings per Share 2019-20 Rs (0.77)
Earnings per Share 2020-21,6M Rs (1.78)
Book Value of the Share as on 30.09.2020 Rs 168.47
NAV after the IPO Rs. 168.46
Return on Net Worth: 17-18 0.73 %
Return on Net Worth: 18-19 4.23 %
Return on Net Worth: 19-20 (o.49) %
Return on Net Worth: 20-21,6M : (1.04) %
Upper Price Band/last EPS: NIL
Upper offer price/Book Value Ratio: ?
Upper price/NAV after IPO: 6.53
Upper Price Band/Estimate EPS: 32

Nazara Technologies IPO, Estimate of Listing price :
Companies with new category businesses enjoy high valuation  and at the same time , the company has incurred loss during 2019-20

WE should not forget  last 25 IPOs  have shown disappointing listings, and NIIs could not recover their interest costs. So considering all these aspects ; the scrip, we believe is expected
1) to get listed at Rs. 1800 ( if the Sensex on 30th is in Strong Green zone) or
2) to get listed at Rs. 1600 ( if the Sensex on 30th at the opening bell, is in  Red zone)
and during the intraday, it may show somewhat higher price , may be Rs. 2000
One may retain the scrip with medium to long term angle

(Legal Note:We suggest you to consult your financial expert before taking any decision on buying or selling of the scrip on listing. The Price estimate above may go wrong because of many unknown factors.)

To Study Barbeque Nation IPO Grey Market @
https://chanakyanipothi.com/anupam-rasayan-ipo-grey-market-premium-gmp-analysis/

Barbeque Nation IPO Live Review in English
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Barbeque Nation IPO Live Review in Gujarati
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