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Nazara Tech IPO listing day strategy: Hefty grey market premium; should you buy more or hold after listing?

Rakesh Jhunjhunwala-backed Nazara Technologies shares will list on stock markets on March 30, 2021, following the recently concluded IPO. The public issue of the mobile gaming leader was subscribed 176 times and was sold in the price range of Rs 1,100-1,101 per share. Ahead of shares listing on bourses, Nazara Technologies shares were seen quoting a strong grey market premium of Rs 690. The shares were ruling at Rs 1,791, up 62.67 per cent in the grey market over the issue price. The strong grey market premium doesn’t always ensure listing gains. 

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