PlaySimple Games has received the Securities and Exchange Board of India’s (SEBI) approval to raise Rs 3,150 crore through an initial public offering (IPO).
The issue will be entirely an offer for sale (OFS) by its existing promoter, MTGx Gaming Holding AB, which currently holds over 97 percent stake in the company. Axis Capital, JP Morgan and Morgan Stanley are the book-running lead managers to the issue.
PlaySimple Games is a global mobile entertainment company based in India, focused on casual mobile gaming.