Amagi Media Labs IPO GMP Dips As Cloud-Based SaaS Company’s Public Issue Sees Muted Demand

Amagi Media Labs IPO: The initial public offering (IPO) of Amagi Media Labs opened for bidding today, January 13. The cloud-based software as a service (SaaS) provider’s public issue is witnessing tepid demand on the first day of subscription.

The subscription window for Amagi Media Labs IPO is scheduled to close on January 16. Here’s a look at some of the key details related to the public issue investors should know before considering applying for the initial public offering:

Amagi Media Labs IPO Subscription

On the first day of subscription, Amagi Media Labs IPO has been subscribed to 4 per cent across categories. So far, investors have placed bids for 1.09 million shares compared to the 27.26 million shares offered for subscription.

Non-institutional investors have applied for 1,62,155 shares compared to the 7.60 million shares set aside for the category. NIIs have booked 2 per cent of their quota in Amagi Media Labs IPO. On the other hand, retail individual investors have booked their quota in the healthcare company’s issue 18 per cent by placing bids for 9,27,666 shares compared to the 5.07 million shares offered for subscription. So far, qualified institutional buyers have placed bids for 574 shares compared to the 14.58 million shares reserved for the QIB category.

Amagi Media Labs IPO GMP

Amagi Media Labs shares are commanding a grey market premium (GMP) of Rs 16 per share, as per multiple websites which track the demand for shares of unlisted companies. Notably, the GMP has dipped from as much as Rs 37 prior to the opening of the issue to Rs 16 per share. Based on today’s GMP trends, the stock is expected to list flat at Rs 377 per share with gains of 4.43 per cent.

Amagi Media Labs IPO: Offer Size and Price Band

Amagi Media Labs IPO offer size aggregates to Rs 1,788.62 crore and consists of a fresh issuance of 22.6 million shares aggregating to Rs 816 crore and an offer for sale of 26.9 million shares amounting to Rs 972.62 crore.

Amagi Media Labs' IPO price band has been fixed at Rs 343 to Rs 361 per share. The minimum lot size to apply for the Amagi Media Labs IPO for retail investors has been set at 1 lot, consisting of 41 shares aggregating to a minimum investment of Rs 14,801.

Amagi Media Labs IPO: Allotment Date and Listing Date

The basis of allotment for the Amagi Media Labs IPO is expected to be determined on January 19. Once the share allotment status of the Amagi Media Labs IPO is decided, successful bidders will receive shares of Amagi Media Labs in their demat accounts on January 20. Amagi Media Labs shares are slated to list on the BSE and NSE. Amagi Media Labs' IPO listing date is January 21.

Amagi Media Labs: Key Financials

Amagi Media Labs’ total income for the September quarter of FY26 stood at Rs 733.93 crore, the company’s profit-after-tax stood at Rs 6.47 crore, and the company’s net worth stood at Rs 859.34 crore.

Amagi Media Labs’ total income increased by over 30 per cent to Rs 1,223.31 crore in the financial year ended March 31, 2025, compared to Rs 942.24 crore in the preceding fiscal. The company’s profit-after-tax for FY 2024-25 stood at Rs 67.1 crore, growing by over 91 per cent compared to a net profit of Rs 35.13 crore in FY 2023-24.

Amagi Media Labs IPO: Anchor Investors

Amagi Media Labs raised Rs 805 crore from investors such as SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund in an anchor investor round. The company allotted 22.29 million shares to 42 anchor investors. The anchor investors included Fidelity, Motilal Oswal MF, HDFC Life Insurance, Tata MF, Franklin Templeton MF, 360 One, Baroda BNP Paribas MF, Amundi, PGIM MF, Bandhan MF, Susquehanna International Group (SIG), Bharti AXA, Isometry Capital, Societe Generale, Goldman Sachs, Creaegis, Edelweiss Tokio Life, and New Vernon Capital.

Amagi Media Labs: Promoters

Promoters of Amagi Media Labs include Baskar Subramanian, Srividhya Srinivasan and Arunachalam Srinivasan Karapattu. The stake of the promoters is set to reduce to 14.14 per cent post the issue from 15.76 per cent prior to the issue.

Amagi Media Labs IPO: Objective

Amagi Media Labs plans to use the funds generated via the public issue for an investment in technology and cloud infrastructure, along with the funding of inorganic growth through unidentified acquisitions and general corporate purposes.

About Amagi Media Labs

Amagi Media Labs is a provider of cloud-based broadcast and connected TV technology. The company provides software-based solutions for content creation, distribution, and monetisation to broadcasters, content owners, and streaming platforms. Some of the firm’s key products and services include cloud playout, content scheduling, ad insertion, and data analytics tools.