Swedish entertainment company Modern Times Group (MTG) is reportedly preparing for a US$450 million initial public offering (IPO) for its Indian subsidiary, PlaySimple, on the Mumbai Stock Exchange. If successful, this would be one of the largest public listings by a gaming company in India, highlighting the growing strength of the country’s digital entertainment sector.
Founded in 2014 and based in Bengaluru, PlaySimple has quickly become a leading name in the mobile gaming space. The company focuses mainly on word and puzzle games, such as Daily Themed Crossword and Word Bingo, which have gained strong popularity among global users.
MTG, which acquired PlaySimple in 2021 for US$360 million, is now exploring ways to unlock further value by listing it independently.
| Aspect | Details |
| Proposed IPO Size | US$450 million |
| Proposed Listing Venue | Mumbai Stock Exchange |
| 2022 Revenue | US$213.50 million |
| 2022 Profit | US$59.00 million |
PlaySimple is currently conducting an IPO preparedness study and holding discussions with financial advisors such as Axis Capital, Morgan Stanley, and JP Morgan to guide the process.
India has become one of the world’s top three IPO markets this year, with companies raising more than US$16 billion through public issues. The robust investor appetite and growing confidence in India’s digital economy are making it an attractive market for global and domestic listings alike.
The potential listing of PlaySimple would not only strengthen India’s tech market but could also mark a turning point for the gaming industry, which has so far seen few companies access public capital.
If PlaySimple successfully lists, it may pave the way for other gaming startups to consider public listings. The move reflects MTG’s confidence in India’s capital markets and its long-term growth prospects in the online entertainment space.
By raising fresh funds, PlaySimple could expand its gaming portfolio, improve technology capabilities, and reach more users globally.
Read more: RBI Announces Final Redemption Price for Sovereign Gold Bond 2017-18 Series VII at ₹12,350 per Gram.
PlaySimple’s planned IPO represents an important moment for India’s tech and gaming sectors. It could help bring global attention to Indian gaming startups and strengthen investor confidence in the country’s fast-growing digital ecosystem. As the process advances, market participants will be closely watching how PlaySimple positions itself for its next phase of growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Nov 13, 2025, 3:42 PM IST
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