For the first time the gaming company will enter the market share Rs 14,300 minimum investment, double return expected

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Posted on 18-03-2021 by Admin


For the first time the gaming company will enter the market share Rs 14,300 minimum investment, double return expected

For the first time in the India country, a gaming company is going to be a part of the market share. The initial public offer of Najara Technology i.e. IPO has opened from today. This is the 14th IPO to be launched this year and the fourth IPO coming this week. With this, the issue of Sunrise Small Finance Bank is also going to open today.

14,300 minimum investment, enthusiasm in investors

Najara Technologies will raise Rs 582-583 crore through an IPO. Investors can buy at least one lot in the issue, which will have 13 shares. The price band is Rs 1,100-1,101. This means that you will have to invest at least Rs 14,300 to invest in an IPO.

According to Sandeep Jain, director of TradeSwift Broking, investors are quite excited about the issue due to the unique segment. Earlier, the IPO of MTAR Technologies, a company with similar unique business, was subscribed more than 200 times. MTAR investors also got 100% return on the day of listing i.e. double the amount invested. Due to this, investors are eagerly expecting a good listing gain along with waiting for such IPO.

According to Aditya Birla Money, the price of this IPO is cheaper than the newly listed technology shares, that is, it indicates good returns after the shares are listed. In such a situation, we are advising to invest in it or to apply in the issue.

Heman Securities market expert Aastha Jain says that the view is a very strong company. If investors get shares after applying in IPO, up to 50% returns can also be received on the day of listing.

The stock has crossed Rs 1,900 in the gray market, while the issue price is Rs 1,100-1,101. That is, investors can get nearly double the returns from the listing.

Gaming company rewarded investors in America

The mobile gaming industry in the US has benefited well during Corona. As a result, the stock of children s gaming app Roblox received tremendous listings in the US market. It was listed at $ 64.50, up 43% from the issue price. Its issue price was $ 45. Roblox s stock peaked at $ 77.27 on March 16 on the New York Stock Exchange. That is, investors received returns of $ 32.27 per share from March 10 to March 16.

View of the benefits from the growing smartphone

View technology has also benefited from the increasing trend of smartphones around the world. The company ranks among the top e-sports media and e-gaming companies in the country. The company is known for the World Cricket Championship (WCC) in mobile games and games like Carromclash, Chhota Bheem, Motu Patlu series. Its subsidiary company Nodewing Gaming organizes various gaming events across the country.

Business is spread in 60 countries Najara Technologies

Najara Technologies business is spread across 60 countries in the world, including India, including Africa, Middle East, South East Asia and Latin America. The company s earnings grew by 46% to Rs 247.51 crore in the financial year 2020. At the same time, profit grew by 556.2% to Rs 6.71 crore in the financial year 2019. At the same time, the average monthly users of Najara Tech were 4.01 crore in the year 2019-20, while in the current financial year till December i.e. in 9 months, this number increased to about 5.75 crore.

Sunrise Small Finance Bank IPO will open from today

The issue of Suryoday Small Finance Bank will also open from today and close on March 19. The bank is set to raise Rs 582 crore through an IPO. Its price band is 303-305 rupees per share and one lot is 49 shares. The bank will issue a fresh issue of Rs 1.159 crore in IPO and 84 lakh shares in Offer for Sale (OFS).

 


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