Nazara IPO: Allotment of shares of online gaming company invested by Rakesh Jhunjhunwala has been finalized. Dive Tech’s IPO has received a tremendous response from investors. By its last day, the company’s IPO was subscribed 175 times. The company’s issue opened on March 17 and closed on March 19.
What is the condition of gray market?
Given the ups and downs of the stock market, the premium to IPO in the gray market has fallen. Earlier, the company Anilstad shares were trading at a premium of Rs 820, which fell 9 per cent to Rs 750. However, it is still running at a very good premium. The issue price of the company is Rs 1100-1101. Listing of shares of Najara Tech may be done on 30th March.
If you have also invested in the IPO of the company, then you can check such status.
First click on the registrar’s website https://linkintime.co.in/MIPO/Ipoallotment.html.
After reaching the site, select IPO (Nazara Tech).
If you select the application number, select NON-ASBA or ASBA and fill the application number, select NSDL / CDSL in DPID / Client ID case and enter DPID and Client ID, PAN cases. Enter PAN number.
After this enter the number given in green color just above the captcha box and click on submit button to know the IPO share allotment status.
Apart from this, you can also see the allotment status on the BSE website. Enter the issue type (equity) and issue name application number and PAN number and finally click on the search button to know the IPO allotment status.
What does the company do?
Najara Tech is a diversified gaming and sports media platform. It has business in many countries including India, Africa, North America.
The IPO size of Nazar Tech has been kept at Rs 583 crore. The IPO opened from March 17 and closed on March 19. The IPO’s reserve share was subscribed 103.77 times for QIB, 389.89 times for non-institutional investors, and 75.29 times the reserve portion for retail investors.
Of this, 10 per cent was given to retail investors, 75 per cent to QIB and 15 per cent to HNI. Prior to this IPO, View Tech raised Rs 260 crore from anchor investors.
View Technologies is known for games like World Cricket Championships, Chhota Bheem, Mota Patlu Series. Its subsidiary company Nodwin Gaming organizes various gaming events across the country. The company does business in more than 60 countries such as India, Africa, Middle East, South East.
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