Nifty14,721.30-189.15

Nazara a niche play for seasoned investors

The growth in revenue from operations between FY18 and FY19 was sluggish due to reduced contribution from the telecom subscription segment which comprised of over 1,000 android games.

Synopsis
The company operates in a fast growing business category and has shown a sharp revenue growth in the past fiscal and the first semester of FY21. The IPO looks aggressively priced reflecting the growth potential.

ET Intelligence Group: Nazara Technologies, a gaming and sports media platform company, plans to raise Rs 583 crore through an offer for sale, which means the company will not receive the IPO proceeds. The company’s financial performance has been volatile over the past three years. It reported net loss in FY20 and in the first six months of the current fiscal. The company operates in a fast growing business category and has shown a sharp revenue

Jwalit Vyas

ET Bureau

3 mins read, Last Updated:

Mar 17, 2021, 06:39 AM IST

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