Nazara Technologies Unlisted Pre-IPO shares

Nazara Technologies share price is going up due to good performance

Nazara Technologies is one of the leading mobile games company headquartered in Mumbai. Nazara Technologies share price is increasing regularly due to investment by leading investors.

For buying shares of Nazara Technologies or any other companies, please call on 8108303330

Ace investor Rakesh Jhunjhunwala had in December 2017 acquired a minority stake in WestBridge Capital-backed Nazara Technologies for approximately Rs 180 crore.

Asset management firm India Infoline Finance Ltd’s (IIFL) Special Opportunities Fund has acquired a minority stake worth Rs 330 crore in Nazara Technologies.

Nazara Technologies 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. The company’s 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.

Some of the company’s mobile games popular on the Google Play Store are ‘World Cricket Championship 2’, ‘Chhota Bheem Race’, and ‘Motu Patlu Game’. These games have consistently been part of the top three games on the top free charts of Google Play Store.

Key Members of the Company
-Vikash Mittersain (Chairman & MD)
-Nitish Mittersain (Joint MD)
-Kuldeep Jain (Non-Executive Director)

Nazara Technologies Unlisted Shares Details:
Total Available Shares: 100+
Face Value: Rs 4 Per Equity Share
ISIN: INE418L01021
Current Unlisted Share Price: Best in industry per equity share

Company details:
Nazara Technologies Limited
51-57, Maker Chambers 3, Nariman Point Mumbai 400 021,
Phone No. +91 22 40330800
Fax No. +91 22 22810606

Financial performance (Rs Crore)

Year FY2019 FY2018 FY2017
Revenue 183.49 180.36 202.24
PAT 4.38 1.21 6.10
EPS 3.95 1.09 24.55

Nazara Technologies IPO
The IPO from Nazara Technologies Limited is the first IPO to be raised by an online gaming company. The company designs and develops games for mobiles and other electronic devices have drafted papers with SEBI to raise an IPO. IPO date will be announced soon.

The equity shares are being sold in order to improve the brand value of the company and to provide liquidity to the equity shares held by the existing shareholders.

The ICICI Securities and Edelweiss Financial Services are proposed to manage the Initial Public Offer of the company. The equity shares of the company will be listed on both the major stock exchanges like BSE and NSE.

West Bridge Ventures Investment Holdings and Mitter Infotech hold the major equity shares that are listed on the draft red herring prospectus.

Shareholding Pattern (as on 31-03-2019)

Name of the Shareholder No. of Shares % of Holding
Westbridge Venture II Investments Holding 6,121,210 22.69
Rakesh Jhunjhunwala 3,294,310 12.21
IIFL Special Opportunity Fund 1,748,185 6.48
Emerging Investments Limited 5,50,810 2.04
Turtle Entertainment GmbH 485,018 1.76%

The company has made the allotments on the preferential basis –

-34,959 Equity Shares of Rs.4/- each at a price of Rs. 728/- for cash aggregating to Rs. 25.40 million on private placement Basis to Azimuth Investments Limited on 18th July 2019

-4,71,740 Equity Shares of Rs. 4/- each at the price of Rs. 728/-  aggregating to Rs. 343.40 million to the shareholders of Absolute Sports Private Limited on private placement basis for consideration other than cash (i.e. by way of swap of 1,07,450 Equity shares of Absolute Sports Private Limited with the Equity shares of the Company) on 16th September 2019.

Nazara Technologies and Delta Corp together invest Rs 40 crore as part of Series-A funding round in HalaPlay, an online Daily Fantasy Sports platform.  Halaplay is a real money based daily fantasy sports platform. HalaPlay launched in 2017, has seen an explosive growth in the user base and total transactions since then. HalaPlay has in the past received investment from Nazara Technologies, Kae Capital, Angel List and other angel investors and is currently set to be the second largest Daily Fantasy Sports (DFS) platform in India. Halaplay has seen 10x user growth in the last 12 months and will exponentially grow with over 1 crore active players to play in upcoming cricket season.

Gaming Market in India

According to a Nasscom report, India’s digital gaming industry has already crossed $890 Mn and is expected to hit $1.1 Billion by 2020. Revenue in India largely comes from advertising in-game, but a growing segment of the population is willing to pay for in-game boosts. As far as revenues and market capital are concerned, the gaming industry is actually dictated by the US and China. India, with a less-than $1 billion market valuation, hardly comes into the picture.

While China’s gaming market has reportedly crossed $30 billion, the US ($24 billion) is second, behind China. Nitish Mittersain is the founder and managing director of gaming and sports media company Nazara Technologies Ltd. One of its subsidiaries is media content company Sportskeeda. Kiddopia is an “edu-tainment” application for young children (Nazara is invested in the company Paper Boat Apps).

Globally, online gaming and eSports have done sportingly well and Nazara, which has added around 10 million new gamers over this period, is no exception. Today, Nazara is invested in the whole gaming and sports ecosystem, with transactions worth $50 million in the last three years. This includes stakes in Nextwave Multimedia, NODWIN Gaming, Mastermind Sports, Moonglabs Technologies, Bakbuck, CrimzonCode and InstaSportz.

Nazara today has business operations in 64 countries, with a portfolio that includes free-to-play mobile games, real money gaming, eSports and gaming subscription services. With over 100 million players in India, it has licensed mobile gaming rights to popular Indian characters like Chhota Bheem, Motu Patlu and Shikari Shambhu, besides games such as World Cricket Championship (WCC) and ESL India Premiership.

The company remains focused on strengthening its dominant leadership position in high growth verticals like e-sports, cricket simulation mobile game and gamified early learning (edutech). It has partnerships with telecom companies like Airtel and a tangible monetization stream. Nazara Technologies CEO Manish Agarwal said the company has been delivering on its stated strategy to grow and dominate in e-sports, virtual sports and early learning verticals.

Nazara Technologies Pvt., Ltd. develops mobile content in India. Smartphone and tablet gaming is growing rapidly in the country thanks to increasing affordability of smartphones and cheap internet. Nazara is benefiting from a growing gaming market which is seeinga large influx of mobile users who are willing to pay or watch ads. The companyis focused on organic and inorganic growth (through acquisitions) and is backed byWestbridge, IIFL Asset management and Rakesh Jhunjunwala. Nazara has also forged an alliance with Amazon to provide localized Indian gaming experience on Fire TV
Nazara Technologies was one of the first companies that hit upon the idea of mobile gaming as a business in India. It was followed by a number of other gaming companies Dream11, Maujmobile, Ace2three, Rummycircle, and Zapak. 
The company’s business is driven by a combination of ads, subscription fees, premium games, and e-sports. Revenues in the ‘freemium’ business are generated through advertisements and in-app purchases. The company is growing through number of acquisitions and the synergy benefits can be witnessed soon.

Gaming as a whole is a very big industry worldwide where Nazara technology is the biggest player in India.

Nazara aims to clock a revenue of Rs 450-470 crore this fiscal year buoyed by a strong growth in its e-sports and early learning businesses in India and the US. The company had clocked a revenue of Rs 164 crore in 2018-19 , which increased to Rs 264 crore in the fiscal year ended March 2020.

Recent News & Developments – 

Nazara eyes Rs 470 crore revenue in FY21, sees strong growth in e-sports, early learning business
Nazara Technologies completes majority stake acquisition in edutainment app Kiddopia
Nazara Technologies buys stake worth RS 14.6 crore in Halaplay Technologies
How did Nazara Tech Get Rakesh Jhunjhunwala To Invest In A Startup?
31 January 2018 – Nazara Technologies Limited – DRHP


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