Nazara Technologies IPO subscribed 4 times on first day of subscription

The initial public offer of gaming firm Nazara Technologies Limited was subscribed 4 times on the first day of subscription on Monday.

The issue received bids for 1,17,15,171 shares against 29,20,997 shares on offer, as per an update on the NSE.

The portion for qualified institutional buyers (QIBs) was subscribed 36 per cent, while of non institutional investors 2.85 times and retail individual investors (RIIs) 16.75 times.

The initial public offer (IPO) is of 5,294,392 equity shares and is in a price range of Rs 1,100-1,101 per share.

Nazara Technologies on Tuesday mopped up a little over Rs 261 crore from anchor investors.