Nazara Technologies, a preferred gaming firm, will finalise its preliminary public supply (IPO) allotment on Wednesday. The situation, which was offered within the Rs 1,100-1,101 worth band, obtained stellar response with 176 instances subscription.
According to NSE information, the Rs 583-crore preliminary public supply obtained bids for 51,25,17,642 shares in opposition to 29,20,997 shares on supply. The portion reserved for certified institutional consumers (QIBs) was subscribed 103.77 instances, non institutional buyers 389.89 instances and retail particular person buyers (RIIs) 75.29 instances. Nazara Technologies mopped up slightly over Rs 261 crore from anchor buyers.
Nazara Technologies share worth, Nazara Technologies GMP
While the allotment might be finalised on Wednesday, refunds might be initiated on Thursday. Shares of Nazara Technologies might be credted to the demat accounts of buyers on Friday (March 26). The shares of Nazara Technologies might be listed on the BSE and NSE on March 30.
According to market observers, the gray market premium reveals that the shares of Nazara Technologies will make a robust debut. Nazara Technologies shares are commanding robust gray market premium of Rs 750 apiece above the problem worth of Rs 1,101.
How to Nazara Technologies IPO allotment status on-line:
* Investors can check allotment status on its KFin Tech web site (IPO Status).
* Select Recent IPOs and the corporate.
* Investors can check their status by coming into Application No. OR DPID/Client ID OR PAN
(a) Select your Application Type – Non ASBA or ASBA if you’re checking the status utilizing Application No. Now enter your utility quantity.
(b) If you’re checking the status utilizing DPID/ClientID possibility, you have to to enter DPID and Client ID in case of NSDL. In case of CDSL, you have to to enter the Client ID solely.
(c) If you’re checking the status utilizing PAN, you’ll have to enter the PAN solely.
* After coming into all of the element, you’ll have to fill a Captcha displayed on the backside of the web page.
* Now click on on the Submit button. The status of your utility might be displayed there.
Incorporated in 1999, Nazara Technologies is a number one cell sport firm in India. The firm, backed by ace investor Rakesh Jhunjhunwala, is popularly identified for its video games on World Cricket Championship, Chhota Bheem and Motu Patlu sequence. It is likely one of the main stay eSports streaming and on-demand eSports media content material suppliers within the nation.