Amagi IPO Day 2: Issue sees muted investor interest—Here’s what you need to know

Amagi IPO: The initial public offering (IPO) of Amagi Media Labs IPO concluded its second day of public bidding on Wednesday, January 14, 2025, with the issue subscribed to only 13 per cent of the public offer, according to the provisional exchange data. The issue is a combination of a fresh issue and offer for sale (OFS) of shares.

Amagi IPO subscription status

At the end of the second day, investors bid for approximately 35.08 lakh shares out of the total shares on offer, comprising 4.22 lakh, 6.03 lakh, and 24.82 lakh shares from institutional buyers, investors, and the retail category, respectively.

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Specifically, QIB, NII and RII quotas have booked 0.03, 0.08 and 0.49 times the net offer, respectively.

Amagi IPO details: Here's what you need to know

Amagi Media Labs' public offer is a book-building issue of Rs 1,788.62 crore, comprising a fresh issue of 2.26 crore shares (Rs 816 crore) and an offer-for-sale (OFS) of 2.69 crore shares (Rs 972.62 crore).

According to the company's RHP, Kotak Mahindra Capital Co Ltd is the book-running lead manager, while MUFG Intime India Pvt Ltd is the registrar of the issue.

The IPO has reserved 75 per cent, 15 per cent and 10 per cent of the net offer for the QIB, NII and retail investor categories, respectively.

Amagi IPO price band

The Amagi Labs IPO has the price band fixed at Rs 343 to Rs 361 per equity share, which gives the company a market valuation of around Rs 7,810 crore, at the upper end of the price band.

What is minimum investment for retail category to apply in Amagi IPO?

The minimum investment required for investors in the retail category is Rs 14,801 (based on the price band's upper limit), indicating a lot size of 41 shares.

The company said it has raised Rs 804.88 crore from anchor investors ahead of the issue on January 12, 2026.

Amagi IPO subscription date, allotment and listing timeline

The public offer opened for public subscription on January 13, 2026 and will remain open till January 16, 2026.

The basis of allotment of the Amagi IPO shares is expected to be finalised on January 19, 2026, while the IPO stock is likely to list on the BSE, NSE on January 21, 2026.

Use of the IPO proceeds

Amagi plans to utilise the IPO proceeds for investment in technology and cloud infrastructure, funding inorganic growth through unidentified acquisitions and general corporate purposes.

About Amagi Labs

Amagi Media Labs, established in 2008, provides the infrastructure for streaming and monetisation of digital video content through a cloud-based software as a service (SaaS) model for media companies. It is the firm that makes the digital and physical media alike connected to the viewers and users who are scattered around smart TVs, mobile phones, and digital platforms.

The company's activities are classified into three divisions: cloud modernisation, streaming unification, and monetisation and marketplace. The media and the entertainment industry giants in India, accounting for over 45 per cent of the top 50 listed companies by revenue, work with this company.

In FY25, Amagi's revenue from operations was Rs 1,162 crore. Between FY23 and FY25, the company achieved a 31 per cent compound annual growth rate. It made a profit of Rs 6.4 crore on sales of Rs 704.8 crore for the half-yearly period ending September 30, 2025.