Profit Sheets

Nazara Technologies IPO to open on March 17; Price Fixed at Rs 1100

March 13, 2021 12:11 PM

Nazara Technologies IPO to open on March 17; pricw fixed at Rs 1100
Nazara Technologies IPO, Suryoday Small Finance Bank (SFB) Public Issues will start on the 17th of this month and end on the 19th.

Nazara Technologies IPO, Suryoday Small Finance Bank (SFB) Public Issues will start on the 17th of this month and end on the 19th. Issues for anchor investors start on the 16th. Nazara Technologies Rs 583 crore through proposed public issues; Suryoday Small Finance Bank is likely to raise Rs 600 crore.

Nazara Technologies 

Leading investor Rakesh Jhunjhunwala has invested in Nazara Technologies, a gaming company. The Nazara Technologies IPO gained popularity with games such as the World Cricket Championship, Chhota Bheem and the Motupatlu Series.

* Issue price Rs.1,100- 1,101

* Current shareholders and promoters will sell 52,94,392 shares in the proposed IPO. Mitter Infotech, IIFL Special Opportunities, Good Game Investment Trust, Index Orb Securities and Azimuth Securities are among the companies that will sell shares.

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* Allocated shares worth up to Rs 2 crore to company employees.

Sunrise SFB

Suryoday Small Finance Bank started operations in 2017. The company has 554 branches across the country. Serving nearly 14.4 lakh clients.

* Issue price Rs.303- 305

* In addition to the latest shares worth Rs 250 crore in the proposed IPO, the current promoters and shareholders will sell shares worth Rs 350 crore on offer. Following the issue, the promoters’ stake will be limited to 27.5 per cent from the current 29.2 per cent.

* The company will use the funds raised through the issue as Tier-1 capital for future growth needs.

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