One of our transactional company’s - Nazara Technologies Ltd. made a stellar debut on the exchanges this Tuesday, 30th March 2021, as the shares listed at Rs 1,990 on NSE, a 80.74% premium over its issue price of Rs 1,101 per share. On BSE, the company got listed at Rs 1971, a 79.02% premium. The shares hit an intraday high of Rs 2,026, rising as much as 84% in early trade on Tuesday.
Clients that have transacted in Nazara Technologies in the unlisted space at Rs 550-650 levels in April-May 2020 have seen significant returns. The company’s initial public offer received a whopping subscription of over 175.46 times, making it the second-most subscribed issue so far in 2021.
As we are writing this article, the share price is Rs. 1,592. One thing investors of unlisted shares should keep in mind is that these shares go in a lock-in for 365 days post listing, hence investors must understand the risk and return of the investment and seek individualized advice from his or her personal financial, legal, tax and other professional advisors prior to making any investment decisions.
We congratulate all Investors and the entire team of Nazara for a blockbuster listing of the company.
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Disclaimer: We are not a stock exchange or an advisory platform and are not controlled by SEBI. We create liquidity for shareholders. Investments are subject to market risks. Read all scheme related documents carefully. There is no clarity on when the IPO will come and there is neither any verbal nor written communication on the same from our side. We, our group companies, directors, employees, partners, business associates are in no way acting as advisors but act as referral partners or intermediaries for facilitating transactions.