Ahead of IPO, Nazara Technologies garners Rs 261 Cr from anchor investors

Gaming firm Nazara Technologies lately announced that it has mopped up a little over Rs 261 Cr from anchor investors ahead of its initial public offer, which opens for subscription on Wednesday, 17 March 2021. The company's IPO committee has decided to allocate 23,73,395 shares to 43 anchor investors at Rs 1,101 per piece. At this price, the firm has raised Rs 261.31 Cr, Nazara Technologies informed BSE.

Among the anchor investors are Government of Singapore, Abu Dhabi Investment Authority, Goldman Sachs India Ltd, Nomura Funds Ireland Public Limited Company, and Steadview Capital Mauritius Ltd. In addition, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Axis MF, Sundaram MF, Kotal MF and Aditya Birla Sunlife MF too participated in the anchor book bidding.

The company has undertaken investments and acquisitions in various gaming categories, including e-sports, edutainment, infotainment, fantasy sports, multiplayer games like carrom and mobile cricket games, among others to strengthen its position in the gaming and sports media space.

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