Amagi Media Labs IPO is set to open for subscription on January 13, offering investors a chance to bet on one of India’s well-known SaaS players in the media-tech space. The ₹1,788.62 crore public issue will close on January 16, with shares expected to list on the stock exchanges on January 21.
The Bengaluru-based company has fixed the IPO price band at ₹343 to ₹361 per share, placing it firmly in focus as one of the bigger tech listings early this year.
Issue size and structure
The IPO is a mix of a fresh issue worth ₹816 crore and an offer for sale (OFS) of ₹972.62 crore by existing shareholders. The OFS includes stake sales by PI Opportunities Fund, Accel, Norwest Venture Partners, and company promoters, among others.
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Where the money will go
Proceeds from the fresh issue will be used to strengthen technology and cloud infrastructure, fund inorganic growth through acquisitions, and meet general corporate expenses. The company has not yet disclosed specific acquisition targets.
Amagi Media Labs IPO: Lot size and reservation
Retail investors can bid for a minimum of 41 shares, and in multiples thereafter.
The issue allocation is as follows:
- 75% for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs)
- 10% for Retail Investors
At the upper price band, a single retail lot will require an investment of around ₹14,800.
Key IPO dates to track
- Subscription opens: January 13
- Subscription closes: January 16
- Allotment finalisation: January 19
- Refunds and credit of shares: January 20
- Listing on NSE and BSE: January 21
About Amagi Media Labs
Amagi Media Labs is a cloud-native software-as-a-service (SaaS) company that helps media firms reach audiences through internet-based video platforms instead of traditional cable or set-top boxes. Its technology supports video delivery across smartphones, apps, and smart TVs.
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The company’s platform has powered streaming for global events such as the 2024 Paris Olympics, the Oscars, US presidential debates, and major UEFA football tournaments, underlining its presence in high-scale, high-traffic broadcasts.
IPO management details
The IPO is being managed by Kotak Mahindra Capital, Goldman Sachs India, Citigroup Global Markets India, Avendus Capital, and IIFL Capital Services. MUFG Intime India is the registrar to the issue.
