Nazara Technologies Unlisted Shares
(i) Nazara Technologies Limited Overview
It is 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. The Company operations comprise of a Subscription business, Freemium business, and Esports business. The Company independent subsidiaries are Next Wave Multimedia, NODWIN GAMING and their investee companies include Hashcube Inc., Mastermind Sports Limited, Moonglabs Technologies Private Limited and HalaPlay Technologies Private Limited.
(ii) Business Model of the Company:
a) The Company subscription services were accessed by 13.043 Cr monthly visitors from 61 countries across emerging markets, and over 4 Cr paying users subscribed to their subscription services, and downloaded over 3.7 Cr games, in September 2017.
b) As a part of their in-house Freemium business, they had 4.4 Cr downloads until September 2017 in the calendar year 2017 and 1.934 Cr downloads in the calendar year 2016.
c) They recently acquired Subsidiary, Next Wave had 6.43 Cr downloads until September 2017 in the calendar year 2017 and 4.202 Cr downloads in the calendar year 2016.
d) The Company’s in-house monthly active users (MAUs) in September 2017 were 86 Lakhs as compared to 27.9 Lakhs MAUs in September 2016, across their network of games on the Google Play Store and App Store.
e) Next Wave’s monthly active users in September 2017 were 1.1 Cr as compared to 59 Lakhs MAUs in September 2016, across its World Cricket Championship franchise. Further, they recently acquired Subsidiary, Nodwin Gaming is a pioneer in Esports in India with established relationships with global gaming publishers and platforms including market leaders such as ESL, the biggest Esports organizer in the world and Valve Corporation.
iii) Key Strengths and Growth in Future:
a) The company believe their ability to understand local gamer behaviour in designing games and innovatively incorporating local, licensed, intellectual property to drive the growth of our network of games is one of our key strengths.
b) Their localized gamer insights are reflected in the popularity of some of their mobile games on the Google Play Store, such as, ‘World Cricket Championship 2’, ‘Chhota Bheem Race’, and ‘Motu Patlu Game’. The games have consistently been part of the top three games in on the top free charts on the Google Play Store. In nine of the first 10 months of the calendar year 2017, nine of their in-house games have been ranked among the top three games by downloads on the top free charts on the Google Play Store.
c) They believe that Nodwin Gaming is one of the leading enablers in the Indian Esports market with a first mover advantage. In addition to hosting and managing IP based gaming events such as the ESL India Premiership and Dew Arena by ESL, Nodwin Gaming also partners with other brands to create multiple gaming events intellectual properties in India, such as Mountain Dew Arena, Indian Gaming Show and Asus ROG Masters.
iv) Some Popular Games by Nazara Technolgies
Nazara Technologies Unlisted Shares Details:
| Total Available Shares: | 200 |
| Face Value: | ₹ 4 Per Equity Share |
| Lot Size: | 50 Shares |
| Current Unlisted Share Price: | ₹ 745 Per Equity Share |
Promoters And Management:
Financials of Nazara Technologies Unlisted Shares:
| Particulars | For the year/period ended (in Rs Lacs) | ||||
| 30-Sep-2017 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 2,583.58 | 2,582.82 | 1,998.89 | 1,425.52 | 789.00 |
| Total Revenue | 886.99 | 1,989.18 | 2,190.06 | 1,577.52 | 901.28 |
| Profit After Tax | 198.45 | 597.20 | 645.21 | 590.96 | 289.45 |
The company has issued an interim dividend of Rs 151/- per share paid for the financial year ended
March 31, 2018
List of Shareholders as on 31.01.2018 of Nazara’s Technologies( Total Equity Shares= 26,972,619)
A) Biggest Public Shareholder
(i) Rakesh Jhunjhunwal= 12.21%
(ii) IIFL Fund= 22.1%
(iii) Westbridge Ventures II Investment Holdings= 22.69%
B) Promoter’s Holding( No. of Equity Shares=7492510) which is equivalent of 27.7%.
13-Dec-2017 – Economic Times-News:
(i) Ace investor Rakesh Jhunjhunwala has picked up a stake in gaming company Nazara Technologies for Rs 180 crore in his first bet on India’s digital space. Nazara owns popular titles like Chhota Bheem and Virat Cricket. The investment in Nazara helped the Mumbai-based company raise Rs 540 crore in the past three weeks.
(ii) Jhunjhunwala has earlier flagged concerns about business models and valuations of Indian e-commerce and digital companies like Flipkart saying they need to be built with their own cash flows. What attracted him to Nazara is sustained profitability and the long-term potential of the gaming space.
(iii) As per Jhunjhunwala, I am always on the lookout for promising companies which are leaders in high-growth verticals. Nazara has a consistent track record of delivering profits, cash flows, along with efficient use of capital and high RoE.
(iv) For Nazara, the development comes after it raised Rs 330 crore from IIFL Special Opportunities Fund last month.