Nazara Technologies Limited IPO

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Nazara Technologies Limited IPO

Nazara Technologies Limited is one of the leading mobile games company headquartered in Mumbai, which is engaged in acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America. Our operations comprise of our subscription business, freemium business, and Esports business. Our independent subsidiaries are Next Wave Multimedia, NODWIN GAMING and our investee companies include Hashcube Inc., Mastermind Sports Limited, Moonglabs Technologies Private Limited and HalaPlay Technologies Private Limited.
Our subscription services were accessed by 130.43 million monthly visitors from 61 countries across emerging markets, and over 4.08 million paying users subscribed to our subscription services, and downloaded over 37.62 million games, in September 2017. As a part of our in-house freemium business, we had 44.49 million downloads until September 2017 in the calendar year 2017 and 19.34 million downloads in the calendar year 2016. Our recently acquired Subsidiary, Next Wave had 64.30 million downloads until September 2017 in the calendar year 2017 and 42.02 million downloads in the calendar year 2016. Our Company’s in-house monthly active users (MAUs) in September 2017 were 8.66 million as compared to 2.79 million MAUs in September 2016, across our network of games on the Google Play Store and App Store. Next Wave’s monthly active users in September 2017 were 11.02 million as compared to 5.98 million MAUs in September 2016, across its World Cricket Championship franchise. Further, our recently acquired Subsidiary, Nodwin Gaming is a pioneer in Esports in India with established relationships with global gaming publishers and platforms including market leaders such as ESL, the biggest Esports organizer in the world and Valve Corporation. (Source: Frost & Sullivan report)
We believe that our ability to understand local gamer behavior in designing games and innovatively incorporating local, licensed, intellectual property to drive the growth of our network of games is one of our key strengths. Our localised gamer insights are reflected in the popularity of some of our mobile games on the Google Play Store, such as, ‘World Cricket Championship 2’, ‘Chhota Bheem Race’, and ‘Motu Patlu Game’. Our games have consistently been part of the top three games in on the top free charts on the Google Play Store. In nine of the first 10 months of the calendar year 2017, nine of our in-house games have been ranked among the top three games by downloads on the top free charts on the Google Play Store.
We believe that Nodwin Gaming is one of the leading enablers in the Indian Esports market with a first mover advantage. In addition to hosting and managing IP based gaming events such as the ESL India Premiership and Dew Arena by ESL, Nodwin Gaming also partners with other brands to create multiple gaming events intellectual properties in India, such as Mountain Dew Arena, Indian Gaming Show and Asus ROG Masters

Objects of the Nazara Technologies Limited IPO:

Offer For Sale The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 5,543,052 Equity Shares by the Selling Shareholders. The listing of Equity Shares will enhance our Company’s brand name and provide liquidity to the existing Shareholders. The listing will also provide a public market for Equity Shares in India. Our Company will not receive any proceeds from the Offer. All proceeds from the Offer will go to each of the Selling Shareholders, in proportion to its portion of the Offered Shares.
DRHP of Nazara Technologies Limited IPO

Nazara Technologies Limited IPO Details:

Total Shares: 5,543,052
Face Value: ₹ 4 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

Promoters of Nazara Technologies Limited Company are: 1. Vikash Mittersain; 2. Nitish Mittersain; and 3. Mitter Infotech LLP.

Financials of Nazara Technologies Limited IPO:

Particulars For the year/period ended (in Rs. Millions)
30-Sep-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,583.58 2,582.82 1,998.89 1,425.52 789.00
Total Revenue 886.99 1,989.18 2,190.06 1,577.52 901.28
Profit After Tax 198.45 597.20 645.21 590.96 289.45

Recommendation on Nazara Technologies Limited IPO:

Review and Recommendation of

Nazara Technologies Limited IPO

from our side is: Under Analysis. We'll update it soon here.

Lead Manager of Nazara Technologies Limited IPO:

  1. Edelweiss Capital Limited
  2. ICICI Securities Limited

Registrar of Nazara Technologies Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Nazara Technologies Limited 51-57, Maker Chambers 3, Nariman Point Mumbai 400 021, Maharashtra, India Phone No. +91 22 4033 0800 Fax No. +91 22 2281 0606 E-mail: cs@nazara.com

Discussion on Nazara Technologies Limited IPO:

1 Comment

    Nazara is the leading gaming company in India which is launching its maiden IPO today. With many recent acquisitions, a careful expansion strategy targeting a focused audience across countries and an entry into the immensely potential edutainment sector, the company has scripted a promising journey thus far.

    Dalal Street is very optimistic about this IPO. Market support for the launch has rallied owing to Nazara’s affiliation with marquee investors like Rakesh Jhunjhunwala and others.

    Reply

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