Nazara Technologies IPO Note: Should You Subscribe? Motilal Oswal’s Take

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Motilal Oswal Report

Nazara Technologies Ltd. is a leading, India based, diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America.

Leadership position with a well-diversified portfolio: Nazara is well diversified with some of the most recognizable IPs under its kitty, viz., Kiddopia in gamified early learning (39% of revenue), Nodwin & Sportskeeda in eSports (32%), WCC & CarromClash in simulation games (5%), and Halaplay Technologies in real money games (3%), while Telco Subscription forms 21% of revenue.

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