Nazara Technologies IPO share allotment

Nazara Technologies IPO share allotment: Everything you need to know

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Nazara Technologies is the maker of the world’s most popular mobile cricket game. This is the first Indian gaming all that deals in mobile cricket. Also during the pandemic, things have changed for the company. It has lead to a surge in popularity across the booming sector. On Wednesday it is observed that its IPO share allocation will be finalized. For those investors who have applied for the Nazara Technologies IPO who can check the status of the share allocation through the official portal of the BSE. The company has issued its share in the range of Rs 1,100-1,101 between March 17 and March 19, 2021. Let’s look over the rate at which these shares were trading in the market.

Trade of shares in the market

This company is generally deals in online games such as World Cricket Championship, Chhota Bheem, and Moti Paltu series. In the market these shares are trading at Rs 1,891 apiece. This implies the premium on these shares for Rs 790 or 72% over the IPO price. On March 25 the company will initiate refunds or unblocking of funds from ASBA accounts. However, according to the sources it will be found that the company makes its stock market debut on March 30, 2021.

Here is how you can check the Nazara Technologies IPO allotment status

Those who have invested in these shares. These investors can visit the official website of BSE India. This website is bseindia.com. However, by following these steps you can check the allotment status:-

  1. Open the official website of BSE India.
  2. Click on the status of the Issue Application link which is available on the homepage of the website.
  3. Now you need to select equity in the issue type.
  4. After this select Nazara Technologies in the issue name.
  5. Later enter your Application No. and PAN No.
  6. After entering all the fields. Here click on the search button to view the status of your IPO.

Maximum Revenue of the company

However, the company makes most of its money from its e-sports and children’s e-learning platforms. As the companies revenue has seen a surge in lockdown. The game has been downloaded more than 180 million times since it’s corporation since its inception in 2011 and draws 15 million users every month.

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Author

Somya Somya

Somya is an associate writer at the media hub. Quiet by nature, She is an avid Lacrosse player. She regularly contributes to the technology section and manages staff writers. You can contact him at [email protected]

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