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Rakesh Jhunjhunwala-backed Nazara Technologies IPO due any time.
Rakesh Radheshyam Jhunjhunwala, IIFL Special Opportunities Fund, Turtle Entertainment Gmbh and Seedfund2 International are the key investors in the company.
Billionaire investor Rakesh Jhunjhunwala-backed Nazara Technologies, a leading India-based diversified gaming and sports media platform, has refiled the draft red herring prospectus with the capital market regulator Sebi on January 14, for its initial public offering.
It had also filed DRHP in February 2018, which was received approval from the Sebi in April 2018, but could not launch the issue.
The public issue is a complete offer for sale of 49,65,476 equity shares by promoters and investors.Rakesh Radheshyam Jhunjhunwala, IIFL Special Opportunities Fund, Turtle Entertainment Gmbh, Seedfund2 International are the key investors in the company. IIFL had invested Rs 327 crore in November 2017 and Rakesh Jhunjhunwala Rs 182 crore in December 2017, while the Nazara itself invested around Rs 300 crore in the last five years.
Vikash Mittersain, Nitish Mittersain and Mitter Infotech LLP are the promoters of the company, holding 250 equity shares, 10,11,453 equity shares and 59,55,125 equity shares respectively, representing 24.06 percent of the pre-offer paid-up equity share capital of the company.
Earlier this month, WestBridge Capital exited the company by selling shares worth Rs 500 crore to Plutus Wealth Management LLP and its associates. According to Nazara, WestBridge had received total sale consideration of around Rs 1,000 crore (including the current sale of Rs 500 crore to Plutus) against its investment of around Rs 22.6 crore.
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Nazara Technologies Ltd Company Details:
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 have potentially increased to $116.0 billion in 2017 and 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. Even by the standards of other large developing markets, the market share of mobile games is very large due to the lack of PC and console gaming legacy. With support from sustained local development, improved digital payment infrastructure and increasing affinity towards subscriptions the market is forecast to grow very strongly, reaching US$1.1 billion in 2021.
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 our Subscription Business, Freemium Business and esports business.
Its subscription services were accessed by 130.43 million monthly visitors from 61 countries across emerging markets, and over 4.08 million paying users subscribed to its subscription services, and downloaded over 37.62 million games, in September 2017.
Business strengths of the company
#Sustained profitability and rapid growth of our operations;
#Localised gamer insights in emerging markets leading to proven monetisation abilities;
#Scalable and asset light model across business offerings;
#Diversified business across geographies, telecom operators, gamers and gaming content; and
#Experienced and dedicated management team
For more study : https://corp.nazara.com/
The promoters of Nazara IPO
VIKASH MITTERSAIN, NITISH MITTERSAIN AND MITTER INFOTECH LLP
Nazara IPO Main Objects
The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 5,543,052 Equity Shares by the Selling Shareholders
Nazara IPO Details:
IPO OF UP TO 5,543,052 EQUITY SHARES OF FACE VALUE OF Rs 4 EACH FOR CASH
Nazara IPO Price Band Per Equity Share: Rs. ?
Discount of Rs. ? to eligible employee of the Company
Nazara IPO Lot Size ? Shares
Listing will at: BSE,NSE
Shares offered to
Anchors ? Shares = INR ? Crs
QIB ? Shares = INR ?Crs
NII ? Shares = INR ?Crs
RII ? Shares = INR ?Crs (Lot size: 10 = ? Forms)
Nazara IPO Tentative timeTable
Price Band announced : ? 2021
Anchor List ? 2021
Indigo IPO Opens ? 2021
Indigo IPO Closes ? 2021
Indigo IPO Allotment date ? 2021
Unblocking of ASBA ? 2021
Credit to Demat Accounts ? 2021
Indigo IPO listing Date ? 2021
Nazara Technologies Financial Details :
Earnings per Share 2017-18 Rs ?
Earnings per Share 2018-19 Rs ?
Earnings per Share 2019-20 Rs ?
Earnings per Share 2020-21,6M Rs ?
Book Value of the Share as on 30.09.2020 Rs ?
NAV after the IPO Rs. ?
Return on Net Worth: 17-18 ? %
Return on Net Worth: 18-19 ? %
Return on Net Worth: 19-20 ? %
Return on Net Worth: 20-21,6M : ? %
Upper Price Band/last EPS: ?
Upper offer price/Book Value Ratio: ?
Upper price/NAV after IPO: ?
Equity Shares outstanding prior to the Offer ? Equity Shares
Equity Shares outstanding after the Offer ? Equity Shares
Nazara IPO Lead Managers
ICICI Securities Limited
Edelweiss Financial Services Limited
Registrar to the Nazara IPO:
Link Intime India Private Limited
Registered Office of Nazara Technologies Ltd
51-57, Maker Chambers 3, Nariman Point Mumbai 400 021, Maharashtra, India
Company Secretary and Compliance Officer
Nazara IPO Subscription
On 00.00.2021 @ 5.30 pm
QIB ? Sh : ? T
NII ? Sh : ? T
RII ? Sh : ? T
Tot ? Sh : ? T
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