Asia
Nazara Technologies Limited Initial Public Offer to open on March 17, 2021
Nazara Technologies Limited, the 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, and offerings across the interactive gaming, eSports and gamified early learning ecosystems including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy and trivia games, will open the initial public offer of equity shares of face value of ₹4 each (“Equity Shares” and such initial public offer, the “Offer”) on March 17, 2021. The Offer will close on March 19, 2021. The Price Band of the Offer has been fixed at ₹1,100 to ₹1,101 per Equity Share.
The Offer comprises initial public offering of up to 5,294,392 equity shares of face value of ₹4 each (“Equity Shares”) of Nazara Technologies Limited (“Company” or “Issuer”), through an offer for sale of by the selling shareholders, comprising of up to 1,267,435 equity shares by IIFL Special Opportunities Fund, up to 1,036,286 equity shares by IIFL Special Opportunities Fund – Series 4, up to 873,989 equity shares by IIFL Special Opportunities Fund – Series 5, up to 816,804 equity shares by IIFL Special Opportunities Fund – Series 2, up to 691,900 equity shares by Mitter Infotech LLP (the “Promoter Selling Shareholder”), up to 393,349 equity shares by IIFL Special Opportunities Fund – Series 3, (IIFL Special Opportunities Fund, IIFL Special Opportunities Fund – Series 4, IIFL Special Opportunities Fund – Series 5, IIFL Special Opportunities Fund – Series 2 and IIFL Special Opportunities Fund – Series 3 together, referred to as the “Investor Selling Shareholders”), up to 150,000 equity shares by Good Game Investment Trust, up to 25,000 equity shares by Seedfund 2 International, up to 23,725 equity shares by Porush Jain, up to 14,959 equity shares by Azimuth Investments Limited and up to 945 equity shares by Seedfund 2 India (Good Game Investment Trust, Seedfund 2 International, Porush Jain, Azimuth Investments Limited and Seedfund 2 India together, referred to as the “Other Selling Shareholders, and together with the Promoter Selling Shareholder and the Investor Selling Shareholders, referred to as the “Selling Shareholders”). This offer includes a reservation aggregating up to ₹20 million for purchase by eligible employees (the “Employee Reservation Portion”). The offer less the employee reservation portion is hereinafter referred to as the “Net Offer”. The Company, the Promoter Selling Shareholder and the Investor Selling Shareholders in consultation with the BRLMs, may offer a discount of up to 10.00% to the Offer Price (₹110 per share) to Eligible Employees Bidding in the Employee Reservation Portion (“Employee Discount”).
Bids can be made for a minimum of 13 Equity Shares and in multiples of 13 Equity Shares thereafter.
The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company, the Promoter Selling Shareholder and the Investor Selling Shareholders in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion. One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation
Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs.
Further, not more than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Net Offer shall be available for allocation to RIBs in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. All Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank account (including UPI ID for RIBs using UPI Mechanism), in which the corresponding Bid Amounts will be blocked by the SCSBs or the Sponsor Bank, as applicable. Anchor Investors are not permitted to participate in the Offer through the ASBA process.
ICICI Securities Limited, IIFL Securities Limited (in compliance with the proviso to Regulation 21A of the SEBI (Merchant Bankers) Regulations, 1992, IIFL Securities Limited will be involved only in marketing of the Offer), Jefferies India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers to the Offer.
Powered by WPeMatico
Asia
S8UL Esports Secures iQOO as Title Sponsor for its Pokémon UNITE and MOBA Legends 5v5 Rosters
Reading Time: 3 minutes
S8UL Esports, a global name in esports and gaming content, has onboarded high-performance smartphone brand iQOO as the Title Sponsor for its Pokémon UNITE and MOBA Legends 5v5 rosters. With this strengthened alliance, iQOO deepens its commitment to supporting India’s top esports talent while S8UL further accelerates its multi-title expansion ahead of a landmark competitive season.
iQOO has supported the growth of Indian esports for several years, working closely with top teams and major tournaments. Its continued association with iQOO SOUL, one of India’s leading BGMI rosters, has contributed to the team’s strong performances, including its recent win at the Chennai Esports Global Championship 2025.
Extending this support to S8UL’s newly signed rosters, the brand will equip athletes with its powerful, gaming-optimized smartphones to enhance their training and tournament preparation. As part of the partnership, the iQOO logo will feature prominently on the front of the team jerseys, and both rosters will now compete under the names iQOO S8UL Pokémon UNITE and iQOO S8UL MOBA Legends 5v5.
“iQOO has been with S8UL for a long time, starting with our BGMI team, and their support has played an important role in our journey. Extending this partnership to our Pokémon UNITE and MOBA Legends 5v5 teams is a natural next step as we grow across more titles. Our focus at S8UL is to build strong, well-prepared rosters in every game we enter, and working with a partner like iQOO helps us give our players the tools they need to compete with confidence in India and internationally.,” said Animesh Agarwal, Co-founder and CEO of S8UL Esports.

S8UL’s Pokémon UNITE team, led by captain Manmohan Singh (AllMight) and comprising Rahul Sharad Lavhate (Kyurem), Deep Patel (Snowyy), Adnan Badshah (Badshahh), and Rudra Narayan Nayak (ReX), is widely regarded as the top roster in the South Asia region. The team has claimed three regional championships in the last three years and has consistently represented India on the international stage at the Pokémon UNITE World Championship.
The organization’s newly signed MOBA Legends 5v5 roster arrives with a wealth of experience and an impressive track record across India’s community-led tournaments. The team includes in-game leader Mohammad Saad (Apex), Abhijeet Katkar (Abhi), Mehta Jay (J), Chirag Singh (Radium), Debasish Sana (Anti) and Anush N (Fear). Apex notably competed at the MLBB Mid Season Cup 2024 at the Esports World Cup, which featured a staggering USD 3 million (approx. INR 26.7 crore) prize pool.
The enhanced partnership with iQOO comes at a time when S8UL is rapidly scaling its multi-title presence. Earlier this year, S8UL became the first and only Indian organisation selected for the prestigious Club Partner Program of the Esports World Cup 2025, placing it among the world’s elite esports organisations.
On the content front, the organization recently won the ‘Esports Content Group of the Year’ for the fourth time in a row, while Co-Founder Animesh “8Bit Thug” Agarwal earned the title of ‘Esports Personality of the Year’ at the Esports Awards 2025, underlining the organisation’s unmatched influence across both esports and creator ecosystems.
By bringing two high-potential rosters under the iQOO S8UL banner, the organisation reinforces its drive to build winning line-ups across every title it enters. The newly branded iQOO S8UL Pokémon UNITE roster will be the first to step into action, competing at the Pokémon UNITE Asia Champions League 2026 – India from November 29.
The post S8UL Esports Secures iQOO as Title Sponsor for its Pokémon UNITE and MOBA Legends 5v5 Rosters appeared first on European Gaming Industry News.
Asia
BetConstruct AI to Participate in SiGMA South Asia 2025
Reading Time: 2 minutes
BetConstruct AI is preparing for a strong presence at SiGMA South Asia 2025, taking place from 1 to 2 December in Colombo, Sri Lanka. At stand P11, the company will showcase its latest innovations.
“This event marks an important moment in our global journey, bringing our vision, our technology, and our creative ambition to one of Asia’s most forward-looking gatherings,” the Company said.
“As the region’s iGaming community comes together, we step into the spotlight at Stand P11 to present an ecosystem shaped for modern operators. Visitors will experience more than a traditional showcase. They will enter an atmosphere where intelligence, innovation, and imagination meet, revealing how a unified product world can create meaningful progress across digital and retail channels.
“At the core of this experience stand the two defining pillars of our ecosystem, the Sportsbook and the Casino Suite. Together, they show how coverage, personalisation, content depth, and consistent multi-channel performance create a reliable operational base. These pillars open the door to a broader environment where player interaction, loyalty frameworks, and operational creativity take centre stage.
“Within this environment, The Last Battle introduces a new expression of progression and player value, turning loyalty into an active and dynamic journey. Our Land-Based Solutions bring the same level of intelligence into physical venues, supported by tools that elevate retail operations, and by Loya, our loyalty platform designed to strengthen relationships inside every shop. Alongside these stands Affigates, our standalone affiliate ecosystem developed for operators seeking reach, quality, and partnership within a trusted global framework.
“Completing the picture is our AI Suite, the analytical layer woven through every product. CRM AI enhances engagement with behavioural insight. Umbrella AI reinforces operational stability through early risk detection and informed decision-making. The AI Game Recommendation System elevates personalisation by aligning each player with content suited to their behaviour. Together, they form the intelligence engine that drives our entire ecosystem.
“As part of our presence at the event, we will also highlight our limited commercial offer, providing a 50% reduction on setup fees, tools, and services for all new agreements signed on or before 15 January 2026. This offer is designed to help operators plan their 2026 launches with stronger commercial terms and reduced initial investment.
“Our participation at SiGMA South Asia reflects our commitment to delivering technology that is adaptive, comprehensive, and ready for the opportunities emerging across the region. We invite all attendees to explore, engage, and experience the future of integrated iGaming in Colombo.”
The post BetConstruct AI to Participate in SiGMA South Asia 2025 appeared first on European Gaming Industry News.
Asia
Stricter rules help shape a more responsible E-Games sector – PAGCOR
Reading Time: 2 minutes
The country’s E-Games and E-Bingo operators are navigating a difficult but necessary transition toward stricter safeguards and more transparent operations that help shape a more responsible industry, PAGCOR Chairman and CEO Alejandro H. Tengco said.
Speaking during a gathering of the Association of Independent Licensed Gaming and Amusement Operators, Inc. (AILGAO) in Muntinlupa City on Wednesday, Mr. Tengco acknowledged that recent reforms have prompted adjustments across the E-Games sector.
He cited in particular the mandatory de-linking of e-wallets from online gaming platforms which he said is intended to strengthen the credibility of legitimate operators while preventing potential harm on young and vulnerable players.
“You may be interested to know that in the third quarter of 2025, we recorded an industry GGR that was a bit lower than last year,” The PAGCOR chief said. “But this reflects an industry transitioning to stronger and safer practices.”
He noted that the E-Games and E-Bingo segment still grew 17.4 percent in the third quarter compared with the same period last year, but admitted that the de-linking policy triggered a temporary GGR decline in August and September.
“We know that many of you were affected by this sudden development,” he said. “However, we must not look at these reforms as obstacles but as safeguards designed to protect your players, your businesses, and the entire ecosystem you operate in.”
Mr. Tengco also warned that while legitimate licensees are adapting responsibly, illegal operators continue to expand aggressively without paying taxes or observing player protection protocols.
“They expose players to financial fraud and data theft,” he said. “But the worst part is, they damage the reputation of the entire industry, including the legitimate ones.”
Mr. Tengco also commended the licensed operators for their resilience and willingness to comply with more stringent rules.
“Tonight, we recognize all of you for being the backbone of the legitimate online gaming sector: innovating and adapting quickly, and staying compliant even when the rules become stricter,” he said. “You understand that integrity is the foundation of sustainability.”
During the event, AILGAO presented Mr. Tengco with a “Gaming Exemplary Leadership Award” in recognition of his support for licensed operators and his efforts in championing safer and more transparent gaming standards nationwide.
AILGAO President Rafael Tabora, for his part, expressed gratitude for PAGCOR’s initiatives and pledged the group’s full cooperation.
“We welcome these reforms because they strengthen the legitimacy of our operations and create a safer environment for our players,” he said.
The post Stricter rules help shape a more responsible E-Games sector – PAGCOR appeared first on European Gaming Industry News.
-
BGaming7 days agoWeek 47/2025 slot games releases
-
Australia7 days agoVGCCC: EGM Application Improvements Consultation
-
Balkans7 days agoEGT to reveal advanced Supreme cabinets and multigame mixes at BEGE Expo 2025
-
8MBets7 days agoHimalayan Harmony Group Unveils Partnership with Some of Nepal’s Most Trusted Online Casino Brands
-
Compliance Updates7 days ago“Get Your Life Back, Stop Gambling” Campaign Wins Bronze Effie Worldwide Award
-
Latest News7 days agoN1 Partners at Affiliate World Asia 2025: The Place Where Top Deals Come True
-
sportsbook6 days agoBetting Bonuses and Sportsbook Promos for 2025: BetWhale Redefines Online Sportsbook Rewards with 200% Welcome Offer
-
Åland4 days agoKambi Group plc and Paf sign long-term sportsbook partnership extension



