Bumper listing for Rakesh Jhunjhunwala backed Nazara, 79% above issue price

Updated : Mar 28, 2021 20:09
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Editorji News Desk

Mobile Gaming platform Nazara Tech beat out even the massive grey market premium expectation to see a 79% premium to it's issue price as it made it's debut on Dalal Street. 

Veteran investor Rakesh Jhunjhunwala owning 10% stake was one of the biggest pushes for this IPO, making it  the second most subscribed issue this year, garnering interest over 170 times. 

The stock listed at Rs 1909/share vs issue price of Rs 1101/share. 

 

IPOgaming smartphone

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