Nazara Technology
Nazara Tech one of the leading mobile games company headquartered in Mumbai, which is engaged in the acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia, and Latin America, yesterday reveals its IPO Plan.
As per management, Nazara Technologies Limited has, at its meeting held on September 16, 2020, approved the proposal to undertake an initial public offering of the equity shares of Rs. 4 each of the Company through the book-building process and list the Equity Shares on one or more recognized stock exchanges in India (“IPO”).
The proposed IPO may include a fresh issue and will include an offer for sale of Equity Shares (“Offer for Sale”) by existing shareholders of the Company.
Lava International
Lava International a leading mobile company in India is also looking for an IPO post-budget next year. The company which is the biggest beneficiary of the recently launched PLI scheme which encourages local manufacturing is looking to tap the opportunity of the IPO market by raising close to 1400 Crores to reduce debt and to use money in expanding operations. We have seen how the Dixon Technology share has reached a new height from the day the PLI scheme is announced. So lava is also a good opportunity for investors.