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PlaySimple Games IPO

PlaySimple Games IPO is a mainboard IPO scheduled to open for subscription on — and closed on —. The issue aggregates ₹3,150 Cr.

Price Band
TBA
GMP
Subscription
Listing

Overview

PlaySimple Games IPO is a mainboard IPO scheduled to open for subscription on — and closed on —. The issue aggregates ₹3,150 Cr.

IPO Details

PlaySimple Games IPO is a mainboard initial public offering scheduled to open for subscription on Both. The issue has a price band of TBA per equity share with a lot size of TBA shares, translating to a minimum retail investment of TBA.

The issue aggregates ₹3,150 Cr, and subscription dates are yet to be announced. Allotment is expected on and the equity shares are scheduled to list on .

Type
Mainboard
Status
upcoming
Price band
TBA
Face value
₹10 (typical)
Lot size
Min investment (Retail)
TBA
Issue size
₹3,150 Cr
Fresh issue
₹0 Cr
OFS
₹3,150 Cr
Exchange
Both
ISIN
TBA

Market Lot

Market lot details will be available once the price band and lot size are finalised in the Red Herring Prospectus.

IPO Reservation

Per SEBI guidelines, PlaySimple Games IPO reserves shares across investor categories as follows. Final allotment percentages may vary slightly based on the final issue document.

Category% ReservedNotes
QIB (Qualified Institutional Buyers)Not more than 50%Mutual funds, FIIs, banks, insurance
NII / HNI (Non-Institutional)Not less than 15%Bids ≥ ₹2 lakh
Retail (RII)Not less than 35%Bids up to ₹2 lakh

Important Dates

  1. Issue Open
    · Subscription opens
  2. Issue Close
    · Subscription closes
  3. Allotment
    · Basis of allotment finalised
  4. Refunds Initiated
    · Funds released for non-allottees
  5. Listing Date
    · Shares debut on the exchange

Grey Market Premium

Grey Market Premium for PlaySimple Games is yet to be tracked. We update GMP from multiple grey market sources during the subscription window. Bookmark this page and check IPO GMP Today for live updates.

Subscription Status

PlaySimple Games IPO subscription tracking will go live once the subscription window opens. Category-wise data (Retail / NII / QIB / Employee) will be available on IPO Subscription Status.

Allotment Status

PlaySimple Games IPO allotment will be finalised by the registrar (TBA) on . Check your allotment status using your PAN, application number, or DP ID via our allotment status checker or directly on the registrar's website.

If allotment fails, the blocked funds via ASBA / UPI mandate are released back within 24-48 hours. Applying through multiple demat accounts in family members' names improves chances on oversubscribed IPOs.

About PlaySimple Games

PlaySimple Games Limited is a mobile casual-gaming company developing word + puzzle + trivia + casual genre mobile games. Originally founded as a Sweden-origin operation, the company has built a global mobile-gaming portfolio with the majority of operations now consolidated under Indian-headquartered entity. The parent shareholder MTGx Gaming Holding AB (Sweden) currently holds 97%+ stake and will offload majority of shares via the IPO Offer for Sale. Global mobile-casual-gaming demand has been structurally growing through 2020-26. Demand drivers include continued smartphone-penetration expansion driving mobile-gaming time-spend growth, the broader formalisation of casual + word + puzzle game genres as mass-market entertainment, programmatic in-app advertising + in-app-purchase monetisation models maturing, and the demographic shift toward casual gaming among middle-aged + retired customer segments seeking accessible entertainment. FY25 financials are large-scale but show interesting profitability pattern: revenue ₹2,259.82 crore (+20% YoY from ₹1,876.86 crore) but PAT dropped sharply to ₹359.03 crore from ₹521.19 crore (-31% YoY) — PAT margin compressed from 27.8% to 15.9%. The combination of revenue growth + PAT decline implies meaningful margin compression — possibly from user-acquisition-cost inflation, content + technology investment cycle, or competitive pricing pressure in mobile-gaming categories. DRHP filed with SEBI on 23 April 2026 for a 100% OFS of ₹3,150 crore (~$378 million) — promoter MTGx Gaming Holding AB exiting majority stake. BRLM Axis Capital + JP Morgan + Morgan Stanley + registrar pending indicate full institutional book-build expected.

Promoter & Holding Pattern

The promoter and promoter group hold the majority stake in PlaySimple Games prior to the IPO. Post-listing, this percentage will reduce as new equity shares are issued to the public. Detailed pre-IPO and post-IPO promoter holding data will be updated once the Red Herring Prospectus is finalised with SEBI.

Objects of the Issue

PlaySimple Games IPO proceeds will be utilised across the following objectives, as disclosed in the Red Herring Prospectus:

PurposeAmount (₹ Cr)% of Issue
100% Offer for Sale by promoter MTGx Gaming Holding AB (Sweden) — promoter exit transaction. No fresh capital reaches PlaySimple operating entity.3,150100.00%

Financial Performance

Three-year financial performance for PlaySimple Games (amounts in ₹ Cr):

PeriodRevenueExpensePATTotal AssetsNet Worth
FY252,259.82359.03
FY241,876.86521.19

Valuation Snapshot

RoE
RoCE
EBITDA Margin
PAT Margin
15.89%
Debt/Equity
EPS
P/E Ratio
RoNW
NAV

Peer Comparison

Listed peers in the Media & Entertainment sector with key valuation metrics:

CompanyEPS (₹)P/E RatioRoNW (%)NAV (₹)Income (₹ Cr)
Nazara Technologies
Delta Corp

Anchor Investors

Anchor investor bidding for PlaySimple Games typically opens one working day before the issue opens to the public. Anchor investors — mutual funds, FIIs, sovereign wealth funds, and insurance companies — collectively subscribe to a portion of the QIB segment. Their participation signals institutional confidence. Anchor list and total amount will be updated once SEBI publishes the anchor filing.

Lead Managers (Merchant Bankers)

  • Axis Capital
  • JP Morgan
  • Morgan Stanley

IPO Registrar

The registrar for PlaySimple Games IPO will be confirmed in the Red Herring Prospectus. The registrar handles allotment, refunds, and dematerialisation of shares.

Editorial Review

PlaySimple Games filed DRHP with SEBI on 23 April 2026 for a ₹3,150 crore (~$378 million) mainboard NSE+BSE IPO — 100% Offer for Sale by promoter MTGx Gaming Holding AB (Sweden) exiting 97%+ stake. The promoter-exit structure means no fresh capital reaches PlaySimple operating entity. FY25 financials are large-scale but the profitability trajectory is concerning. Revenue grew +20% YoY (₹1,876.86 → ₹2,259.82 cr) but PAT DROPPED 31% YoY (₹521.19 → ₹359.03 cr). PAT margin compressed from 27.8% to 15.9% — meaningful margin compression. Drivers could include user-acquisition-cost inflation in mobile-gaming category, content + technology investment cycle, competitive pricing pressure, or one-time charges. The business positioning is global mobile casual-gaming — word + puzzle + trivia + casual genre games. Indian listed peer Nazara Technologies operates in adjacent gaming + e-sports category but at materially smaller scale. PlaySimple's ₹2,260 cr revenue is mainboard-scale comparable to or larger than Nazara on top-line metrics. What's working: ₹2,260 cr revenue + structural mobile-gaming demand tailwinds; BRLM Axis Capital + JP Morgan + Morgan Stanley indicate top-tier institutional book-build setup; global gaming portfolio provides revenue-geography diversification; 15.9% PAT margin still healthy in absolute terms. What's concerning: 100% OFS = promoter exit + zero fresh capital reaches business; PAT margin compression (27.8% → 15.9%) raises sustainability questions; mobile-gaming category cyclicality + competitive intensity rising; MTGx Sweden full exit creates post-listing supply pressure overhang; FY25 PAT trajectory needs FY26 quarterly visibility to evaluate stabilisation; gaming-category regulatory risk in India (real-money gaming taxation + state-level prohibitions). Neutral pre-RHP. ₹3,150 cr issue is one of the largest of FY27 by issue size, but 100% promoter-exit structure + PAT margin compression + gaming-category regulatory overhang cap the bullish thesis. Wait for RHP with detailed financial granularity, geographic-revenue split, and margin-compression-driver disclosure. Sizing modest given the promoter-exit + margin-trajectory questions.

How to Apply for PlaySimple Games IPO

  1. Open broker app — Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, or any other SEBI-registered broker. Navigate to the IPO section.
  2. Select PlaySimple Games IPO during the bidding window ().
  3. Enter bid details — minimum TBA shares per lot. Retail investors are recommended to bid at cut-off price (upper band).
  4. Submit UPI ID linked to a SEBI-approved bank.
  5. Approve UPI mandate from your UPI app within the deadline. Bid amount is blocked, not debited.
  6. Await allotment on .
  7. Listing day — shares list on Both on .

Risk Factors

1. 100% Offer for Sale — MTGx Sweden promoter exits majority stake; zero fresh capital reaches PlaySimple business. 2. PAT margin compression (27.8% → 15.9%) raises sustainability questions — driver not yet RHP-disclosed. 3. MTGx full exit creates post-listing supply pressure overhang. 4. Mobile-gaming competitive intensity rising — user-acquisition-cost inflation, content + technology investment cycles. 5. Gaming-category regulatory risk in India — real-money gaming taxation + state-level prohibitions affect adjacency categories.

PlaySimple Games IPO — FAQs

What is PlaySimple Games IPO?
PlaySimple Games IPO is a mainboard initial public offering listing on Both. The issue opens on — and closes on — with a price band of TBA per share.
What is the PlaySimple Games IPO price band?
The price band for PlaySimple Games IPO is TBA per equity share of face value ₹10 (typical). Retail investors are recommended to bid at the upper band (cut-off price).
What is the PlaySimple Games IPO lot size?
The minimum lot size for PlaySimple Games IPO is TBA shares per application. Minimum retail investment at the upper price band works out to approximately TBA.
When is the PlaySimple Games IPO opening date?
PlaySimple Games IPO opens for subscription on — and closes on —.
When is the PlaySimple Games IPO allotment date?
Basis of allotment is expected on —. Check your status on the registrar's website using your PAN.
When is the PlaySimple Games IPO listing date?
PlaySimple Games shares are expected to list on Both on —.
What is the GMP of PlaySimple Games IPO?
GMP for PlaySimple Games is not currently tracked.
Who is the registrar of PlaySimple Games IPO?
The registrar is handling allotment, refunds, and dematerialisation for PlaySimple Games IPO.
How can I apply for PlaySimple Games IPO?
Apply via any SEBI-registered broker (Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct) during the open window. Use UPI mandate or ASBA for fund blocking. Bid at cut-off for retail category.
What is the minimum investment?
Minimum retail investment is approximately TBA (1 lot × TBA shares at upper band).
Should I apply for PlaySimple Games IPO?
Whether to apply depends on your goals, risk appetite, and the company's fundamentals. Review the RHP, compare valuation with peers, and consult a SEBI-registered advisor.
What happens if my allotment fails?
Bid amount blocked via UPI/ASBA is released back within 24-48 hours. Apply through multiple family demat accounts to improve odds on oversubscribed issues.

Information shown is for educational purposes and does not constitute investment advice. GMP values are unofficial estimates from informal grey market sources. Please read the offer document (Red Herring Prospectus) carefully before investing.

Data sourced from NSE, BSE, the issue's registrar, and public filings. BasicFintech is not affiliated with the issuing company, its underwriters, or the exchanges.

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