Amagi Media Labs IPO Sees Massive Investor Rush on Final Day
The initial public offering of Amagi Media Labs closed with a bang. Investor interest surged dramatically on the last day of bidding. The subscription rate rocketed to over thirty times the shares on offer.
Exchange data reveals the full story. Bids poured in for a staggering 8.2 crore shares. This demand massively overshot the offer of just over 2.72 lakh shares. The three-day bidding window, which opened on Tuesday, January 13, concluded with this powerful finish.
Strong Institutional and Retail Demand
Different investor groups showed varied but significant appetite. The non-institutional buyer segment led the charge. Their quota was subscribed an impressive 38.26 times.
Qualified institutional buyers were not far behind. Their portion saw a subscription of 33 times. Retail investors also participated actively. Their segment was subscribed 9.54 times, indicating broad-based interest.
IPO Details and Fund Utilization
The Amagi Media Labs IPO is a substantial offering. It is valued at ₹1,788 crore. The price band is set between ₹343 and ₹361 per equity share.
The structure combines fresh capital and an offer for sale. The fresh issue involves 2.26 crore shares raising ₹816 crore. The offer for sale comprises 2.69 crore shares aggregating ₹972.62 crore.
The company has clear plans for the proceeds. Funds will strengthen Amagi's technology and cloud infrastructure. A portion is earmarked for inorganic growth through acquisitions. The remaining capital will meet general corporate expenses.
Allotment and Listing Timeline
Investors now await the allotment process. The basis of allotment is expected to be finalised on Thursday, December 11. Successful bidders should see shares in their demat accounts by Friday, December 12.
Refunds for those not allotted shares will also be processed that same day. The stock is scheduled for a dual listing. It will debut on both the BSE and NSE on Monday, December 15.
Financial Performance Snapshot
Amagi Media Labs has shown revenue growth. Total income has risen year-on-year over the last two financial years. For the September 2025 quarter, total revenue reached around ₹734 crore.
This figure represents approximately 60% of the company's total income for FY25. On the profitability front, the picture shows improvement. Net profit remained negative in FY23, FY24, and FY25.
However, the profit after tax has improved year-on-year. At the end of the September 2025 quarter, PAT stood at ₹6.47 crore, marking positive momentum.
Grey Market Premium Signals Optimism
Market sentiment appears bullish. According to sources, the grey market premium for Amagi stood at ₹27 per share as of Friday. This premium suggests a potential listing price of around ₹388.
That price implies a 7.4% upside over the upper IPO price band of ₹361. The grey market premium reflects the extra price investors are willing to pay over the official issue price, indicating strong secondary market interest.
About Amagi Media Labs
The company operates in the cloud-based broadcast and connected TV technology space. Founded in 2008, Amagi boasts backing from prominent investors. These include Accel, Avataar Ventures, Norwest Venture Partners, and Premji Invest.
Amagi's core business enables broadcasters, content owners, and streaming platforms. They help these entities launch, manage, and monetise live linear channels on FAST platforms. Examples include Pluto TV, Samsung TV Plus, and Roku Channel.
The company offers a comprehensive suite of products. This includes cloud playout, content scheduling, ad insertion, and data analytics tools. Their technology supports the growing free ad-supported streaming television market.
Investors are advised to consult with certified financial experts before making any investment decisions. The IPO market carries inherent risks, and thorough due diligence is essential.
