Swedish gaming company Modern Times Group (MTG) AB announced on Friday that its wholly-owned Indian subsidiary, PlaySimple Games Ltd, has submitted draft documents to the market regulator for a ₹3,150 crore Initial Public Offering (IPO).
The IPO will consist entirely of an Offer For Sale (OFS), where MTG will act as the promoter and selling shareholder. Consequently, the proceeds from the IPO will benefit MTG and not PlaySimple, as outlined in the draft papers submitted on Thursday.
According to the draft, the offering size is projected to reach up to ₹3,150 crore (approximately $350 million). The final size of the issue may vary within regulatory limits and will be confirmed closer to the offer’s opening date.
MTG has also stated its intention to maintain a majority stake in PlaySimple following the IPO.
The timing of the public offering will be announced at a later date, the company indicated.
MTG is a global gaming group based in Sweden, encompassing a portfolio of companies focused on the casual and mid-core gaming segments, with shares traded on Nasdaq Stockholm.
Founded in 2014, PlaySimple has positioned itself as a prominent player in the word gaming sector, boasting a rapidly expanding portfolio of over 30 active casual puzzle titles. Its games are accessible in more than 110 countries across North America, Europe, Asia, and other global markets.
Popular titles from the company include Word Search Explorer, Daily Themed Crossword, Crossword Jam, Word Trip, and Word Jam, which cater to players of various age groups and skill levels.
The article was published on April 24, 2026.
