Bumper listing for Rakesh Jhunjhunwala-backed Nazara Technologies. Details here

Nazara Technologies has made a blockbuster debut on the stock market, listing at a premium of nearly 81 per cent (Rs 1,990) on its issue price of Rs 1,101 on the National Stock Exchange (NSE). On the Bombay Stock Exchange, it listed at Rs 1,971, or a 79.2 per cent premium. Here is all you need to know:

Nazara Technologies, the popular mobile gaming and e-sports company, got listed on the stock market on Tuesday. It has become the first gaming company to be listed in the country’s stock market. The company made a blockbuster debut on the stock market today, listing at a premium of nearly 81 per cent (Rs 1,990) on its issue price of Rs 1,101 on the National Stock Exchange (NSE). On the Bombay Stock Exchange, it listed at Rs 1,971, or a 79.2 per cent premium. While the company listed at a premium on the stock market, its value dipped marginally but the shares are still trading much higher than the issue price. As of 11:30 am, shares of Nazara Technologies was trading at a premium of nearly 47 per cent on both BSE and the NSE.