Nazara Technologies has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The equity shares are proposed to be listed on BSE and NSE.
The issue will see sale of 5,543,052 equity shares by existing shareholders WestBridge Ventures Investment Holdings and Mitter Infotech. The listing of equity shares will enhance its brand name and provide liquidity to the existing shareholders.
ICICI Securities and Edelweiss Financial Services will manage the company’s IPO.
Nazara runs gaming subscription services to mass mobile internet users comprising largely of first time gamers across Africa, the Middle East, South East Asia, Latin America and the Indian subcontinent. The company is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series.
| Company Name | CMP |
|---|---|
| TCS | 2610.55 |
| Infosys | 1313.10 |
| HCL Tech. | 1441.55 |
| Wipro | 205.05 |
| Tech Mahindra | 1500.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: