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PlaySimple files DRHP for Rs 3,150 cr OFS only IPO as MTGx readies exit plans
Business
Published on 24 April 2026
Profit falls 31% as ad costs surge 54%
PlaySimple, the MTG-owned Swedish casual mobile game developer, has filed a DRHP with SEBI for an OFS-only IPO worth Rs 3,150 crore, with MTGx Gaming Holding AB as the sole seller. The firm runs 30 live games across 110+ countries, with 4.99 million DAUs. Revenue rose 20% in 2025, but profits fell 31% as expenses—led by ad and commissions—jumped sharply.
- PlaySimple seeks a Rs 3,150 cr OFS-only listing via SEBI DRHP
- MTGx Gaming Holding AB will be the lone seller; MTG holds 100% stake
- 2025 revenue up 20%, but profit down 31% on higher total expenses
- Ad and sales commissions surged 54% to Rs 1,529.3 cr
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42