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Rakesh Jhunjhunwala-backed Nazara Technologies IPO subscribed 6.89 times on Day 2 of bidding

Sumary of Rakesh Jhunjhunwala-backed Nazara Technologies IPO subscribed 6.89 times on Day 2 of bidding:

  • The initial public offering (IPO) of ace investor Rakesh Jhunjhunwala-backed Nazara Technologies continues to see a strong response, as the public issue was subscribed 6.89 times by the morning of March 18, the second day of bidding…
  • Non-institutional investors have put in bids 5.50 times more than their reserved portion, while the portion set aside for retail investors has seen a massive 28.72 times subscription and that of employees is subscribed 2.95 times…
  • Nazara Technologies, an India-based gaming and sports media platform, is planning to garner around Rs 583 crore through the issue, which is a complete offer for sale…
  • It raised Rs 261.31 crore from anchor investors on March 16 at higher price band, which indicated that the final issue price could be Rs 1,101 per share….

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