Nazara Technologies IPO

IPO Details:

Price Band: 1100-1101

Cutoff Price: 1101

About Company:

Leading India-based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports and gamified early learning ecosystems including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based fantasy and trivia games.

Competitive Strengths:

1. Leadership position in a diversified and scalable business

2. Portfolio of premium intellectual property and content across regions and businesses

3. Large and engaged community of users, with attractive monetization opportunities

4. Successful inorganic growth through strategic acquisitions

5. Profitable platform model benefitting from India growth story with limited regulatory risk

6. Strong leadership team backed by marquee investors.

Strategies:

1. Continue to build on the leading market position and growth opportunity in India

2. Continue global expansion leveraging the existing distribution network

3. Enhance existing offerings and increase monetization opportunities

4. Launch new IP and titles across content and games

5. Pursue strategic investment and acquisition opportunities

6. Continue to drive operations based on people-centric policies and practices

7. Further build the existing technology stack to enhance existing platform.

Financial Performance:

Company is in loss in FY 2020 and in 3 Quarters of FY 2021.

Objects of the Issue:

1. Offer for Sale

Our view: Company is not having a profitable track record. It possess decent grey market premium of 76% because of the hype in the market. I will apply in this IPO only for listing gains but will wait for second day data before applying.

Do visit this blog and the link after 6pm to get updated details on grey market premium and subscription details.

Grey Market Premium:

Subscription Details:

Allotment Status: Link

Listing Status:

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