Amagi Media Labs IPO subscribed 9% so far on Day 2, led by retail investors - Check GMP

Amagi Media Labs IPO sees robust subscription in primary market. 

The initial public offering (IPO) of Amagi Media Labs Ltd was subscribed 9 percent on the second day of bidding on Wednesday, led by interest from retail investors.

The issue received bids for 23.92 lakh shares against 2.72 crore shares on offer, as per data available with the NSE till 11.40 am.

The portion reserved for retail individual investors (RIIs) was subscribed 38 percent, while the non-institutional investors’ category was booked 6 percent.

Ahead of the issue opening, Amagi Media Labs had raised about Rs 805 crore from anchor investors, including SBI Mutual Fund, ICICI Prudential Mutual Fund and HDFC Mutual Fund.

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The IPO will close on January 16. The price band for the issue has been fixed at Rs 343 to Rs 361 per share, valuing the company at over Rs 7,800 crore at the upper end.

Proceeds from the fresh issue will be used to strengthen the company’s technology and cloud infrastructure, fund inorganic growth through acquisitions and meet general corporate expenses.

The company has earmarked Rs 82 crore for FY26, Rs 359 crore for FY27 and Rs 108 crore for FY28 towards these objectives.

Founded in 2008, Amagi is backed by Accel, Avataar Ventures, Norwest Venture Partners and Premji Invest.

The company works with over 45 per cent of the top-50 listed media and entertainment companies in India by revenue.

Amagi provides cloud-based software to media companies to enable the delivery and monetisation of video content across connected devices and digital platforms.

Amagi Media Labs IPO share allotment is expected by January 19, while share listing is scheduled on January 21.

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