India, April 24 -- Swedish gaming company MTG-owned PlaySimple Games has filed DRHP for an OFS-only IPO of Rs.3,150 Cr with SEBI. 

The game developer, which operates a portfolio of 30 live casual mobile games, was acquired by MTG for more than $360 Mn in 2021. MTG's holding entity MTGx Gaming Holding AB will be the lone seller in the IPO. 

MTG owns a 100% stake in PlaySimple, with MTGx Gaming Holding AB and Modern Times Group MTG among its promoters. 

PlaySimple was founded in 2014 by Siddharth Jain, Siddhanth Jain, Preeti Reddy, and Suraj Nalin. It was backed by the likes of Elevation Capital and IDG Ventures India.

None of the cofounders are with the company as of now. The IPO-bound company is currently being led by M...