Home-grown mobile gaming company Nazara Technologies is gearing up to make a slew of acquisitions, particularly in the real money gaming space, even as the Mumbai-based company prepares for its public market debut early next year.

Nazara, which counts Rakesh Jhunjhunwala, IIFL and private equity firm WestBridge Capital among its list of institutional backers, is believed to be in late-stage discussions to acquire at least four companies across its home market India as well as the African continent, which has emerged as an important geography for the 18-year-old company, said two sources aware of the developments.

The company, which is expected to go public in February and is looking to raise over Rs 1,000 crore in the issue, has earmarked Rs 50 crore to Rs 75 crore for the buyouts, which could close by the end of October.

Spokespersons for Nazara Technologies were unavailable for comment. The company has been an active participant in the M&A space, having spent an estimated Rs 130 crore, making a mix of investments and outright acquisitions.