Amagi Media Labs IPO Allotment Status: Key Details for Investors
Investors in Amagi Media Labs are eagerly awaiting the company's IPO allotment today, January 19. The initial public offering closed last week with robust demand, and now attention turns to share allocation. You can check your Amagi Media Labs IPO allotment status directly on the websites of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Strong Subscription Numbers for the IPO
The Amagi Media Labs IPO received overwhelming interest from investors. On the final day of bidding, the offer was subscribed 30.22 times overall. Breaking it down, the non-institutional investors' segment saw a subscription of 37.36 times. Qualified institutional buyers (QIBs) subscribed to 33.77 times their allotted portion. Retail individual investors showed solid confidence too, subscribing 9.31 times their quota.
Pricing and Company Valuation
Amagi Media Labs set its IPO price band between ₹343 and ₹361 per share. At the upper end of this range, the Bengaluru-based company achieves a valuation exceeding ₹7,800 crore. The IPO comprised two parts: a fresh issue of shares worth ₹816 crore and an offer-for-sale (OFS) of 2.7 crore shares by existing shareholders. The total offer size reached ₹1,788.6 crore.
Use of Fresh Issue Proceeds
The company plans to utilize the funds from the fresh issue strategically. Out of the ₹816 crore, ₹550 crore will be allocated to strengthen technology and cloud infrastructure. This investment supports Amagi's core operations as a cloud-based software-as-a-service (SaaS) firm. The company assists media companies in distributing and monetizing digital video content. Additionally, funds will go towards pursuing inorganic growth through acquisitions and meeting general corporate purposes.
Book-Running Lead Managers
Several prominent financial institutions managed the Amagi Media Labs IPO. The book-running lead managers include Kotak Mahindra Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, IIFL Capital Services, and Avendus Capital. Their involvement underscores the significance of this offering in the market.
GMP and Expected Listing Price
Today's grey market premium (GMP) for Amagi Media Labs shares stands at ₹21. This indicates that shares are trading ₹21 above the offer price in unofficial markets. Based on the current GMP, analysts project a potential listing price of around ₹382. If realized, this would represent a listing pop of approximately 5.82%, offering early gains to allotted investors.
Stay tuned for live updates on the Amagi Media Labs IPO allotment as the process unfolds throughout the day.
