Mobile gaming company PlaySimple Games has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering. The proposed IPO is structured entirely as an offer for sale by its promoter, MTGx Gaming Holding AB.
The total issue size is ₹3,150 crore, with no fresh issue component included. As a result, the company will not receive any proceeds from the public issue.
The PlaySimple Games IPO will be a pure offer for sale, with existing shares being divested by the promoter shareholder. Since there is no fresh issuance of equity, the entire ₹3,150 crore raised will be routed to the selling shareholder.
The company has stated that the listing is intended to enhance brand visibility and provide liquidity to its equity shares. PlaySimple Games’ equity shares are proposed to be listed on both the National Stock Exchange and the BSE.
Axis Capital, Morgan Stanley India, and JP Morgan India have been appointed as the book‑running lead managers for the issue. MUFG Intime India has been named as the registrar to the IPO.
As per the draft documents, 50% of the offer has been reserved for qualified institutional buyers. The remaining portion includes 35% allocation for retail individual investors and 15% for non‑institutional investors.
PlaySimple Games is a global mobile entertainment company headquartered in India and focused on casual mobile gaming. According to the Redseer Report cited in the DRHP, it was the largest Indian pure‑play casual mobile games company by revenue in FY2025.
The company was ranked number 1 globally and across 78 countries in mobile word games by downloads in calendar year 2025. During CY25, PlaySimple Games accounted for around 14% of the 731 million global word game downloads.
As of December 31, 2025, PlaySimple Games owned and operated a portfolio of 30 live casual mobile games. These games span 5 major categories, including crossword, search, anagram, other word‑based games, and non‑word puzzle formats.
The company’s portfolio strategy focuses on long‑lifecycle games with repeat user engagement. Its diversified category presence supports revenue generation across multiple geographies and player segments.
Read More: Razorpay to File Confidential IPO Papers, Targets $600-700 Million.
PlaySimple Games has initiated the IPO process through a ₹3,150 crore offer for sale by its promoter. The issue does not involve fresh capital infusion into the company, with proceeds accruing solely to the selling shareholder.
Strong download rankings and a wide portfolio underpin its position in the casual gaming segment. The proposed listing is intended to improve market visibility and provide liquidity through public markets.
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: Apr 24, 2026, 1:57 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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